Technology Business Incubator

Submitted by Jayshree on
Overview / Summary

The Technology Business Incubator at BITS Pilani was set up in 2004, and formally inducted into a separate not-for-profit society called Pilani Innovation and Entrepreneurship Development (PIEDS), in 2012. Since its inception, the incubator has played a pivotal role in supporting 75 startups, and many more that did not graduate and folded up. 

The Incubator has been instrumental in defining and supporting an innovation, commercialization, and entrepreneurship ecosystem at the Pilani Campus. Directly or indirectly, the incubator has motivated and inspired many BITSians to take up entrepreneurship. As per an estimate, BITS students and alumni have formed more than 300 startups after the incubator was set up in 2004, which may be attributed to the incubator and the ecosystem created in BITS, with many of them creating economic value for investors, and leading to job creation.

To know more about the incubator and reach out to them, please visit  https://pieds-bitspilani.org/

Vision

To establish a robust ecosystem for innovation and entrepreneurship that enables BITS graduates and students to launch businesses, generate revenue, and help create jobs.
 

Mission

To help BITS Pilani entrepreneurs realize their ideas and succeed in their startup endeavours by providing them with technical resources, infrastructure, and mentorship.

Aim & Objectives
  • Encourage and guide innovators and entrepreneurs in their early stages.
  • Motivate BITS members to become entrepreneurs.
  • Create an atmosphere on campus that is conducive to startups.
  • Participate in the creation of jobs and economic growth
  • Encourage the commercialization of innovation and research
Campus
Pilani Campus
Focus areas or Specializations of Center
Acceleration and incubation of startups
Commercialization of technology
Product development and innovation
Assistance for student-founded businesses and BITS alumni
Key facilities or Resources provided by the Center
A centralized server farm for complex technical tasks
Instruments for Electronic Design Automation (EDA)
Sun Fire v250 Layer 1 servers
Network Attached Storage, or NAS 3300
Backup system SDLT320
Sun Ray software for remote user support
Services
  • Startup incubation assistance (workspace, internet, tools)
  • Opportunities for networking and mentoring with professionals and investors
  • Availability of EDA tools and computational resources
  • Assistance with funding, legal support, and business planning
  • Motivation and direction for students who want to pursue business
Training & Workshops
While not specifically mentioned, these centers usually carry out:
Boot camps for entrepreneurs
Workshops on pitching, product design, and funding
Mentoring sessions with prosperous investors and founders