IIT Patna invites business plan for 8th batch of startups

Shortlisted business plans/ideas will be intimated for their presence during the presentation-cum -interaction meetings before an expert panel for evaluation. Seed funds of up to INR 10 lakhs will be arranged from funding agencies subject to terms and conditions along with other supports.

Foundation for Innovators in Science and Technology (FIST), a NIDHI-TBI at IIT Patna invited business proposals from Research Scholars/students/faculty members/innovators/startups/entrepreneurs. The last date to apply is May 29, 2023. Interested candidates need to send duly filled business plans in the prescribed format to info_tbi@iitp.ac.in.

Any Indian citizen who has an innovative idea can make a working product ready. Students, faculty, other innovators, and start-ups/entrepreneurs can apply for incubation.

Innovators/Companies selected for incubation will receive mentoring, infrastructure support, fully furnished office and communication facility, PCs, domain expert, access to ecosystem, Technology lab access, business support connect, access to FIST labs, and consumable/ contingency support upto INR 3 lakhs, angel/VC investor’s meet. Seed funds of up to INR 10 lakhs will be arranged from funding 2 agencies subject to terms and conditions.

The applicants should submit a business plan (in the prescribed format only) in order to be considered for incubation. The business plan submitted should be about 10 pages covering the required aspects in as much detail as possible.

The business plans must be sent to info_tbi@iitp.ac.in with the following details - value proposition (highlighting the innovation), the profile of the management team; and advisory board (if any), planned products and services portfolio, product development milestones and timelines, approach and infrastructure requirements for technical implementation, market potential analysis and competition analysis, funding requirements, capital structure, go-to-market plan and risk analysis and projected financials.

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