SIDBI Innovation and Incubation Center

Indian Institute of Technology Kanpur

Presented by:

Sameer Khandekar

Associate Dean (Innovation and Incubation)

Coordinator: SIIC

Professor, Department of Mechanical Engineering

IIT Kanpur, Kanpur 208016 India

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Festival of Innovation Rashtrapati Bhavan

March 15, 2016

Sam

eer

Khandekar

SIIC: An Overview

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National Award Winners 2011

Key words:

• Innovation and Incubation

• Entrepreneurship promotion

• Intellectual property protection

• Operational since 2004: One of the largest innovation eco-systems!

• More than 62 startups incubated: Equity based model

o 34 startups already graduated

o 28 are currently under incubation, 04 Under Consideration

o 3 exits (IITK Equity diluted)

• Seed fund disbursement to more than 20 startups

• IIT Kanpur’s stake in top 5 startups is valued at > Rs 30 crores

• Fund Generation - External Rs. 48 Crores

• Commercialization Income: of the order of Rs. 2 Crores

Sam

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Khandekar

SIIC: An Overview

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Vibrant eco-system of

innovation and entrepreneurship at IITK

22%

22% 56%

Current Companies

IITK Faculty IITK Alumni

Non-IITK

4%

77%

19%

Graduated Companies

IITK Faculty IITK Alumni

Non-IITK

Bio-Enterprise

Incubator

Social-Enterprise

Incubator

Technology

Incubator

DIETY TDB

Sam

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Khandekar

SIIC: What we offer

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Features Open to anyone

Access to IITK Infrastructure

Mentoring

Office/Residential Space

Funding Assistance: SEED Funding

IP Management, legal, accounting

Acceleration support system

Support Services Dedicated Technology Transfer Office

Evaluation & Transfer Services

Resident CA, IP Consultant, Marketing

MOUs with Consultants

Industry Interaction Initiatives

Data Compilation, Display and Showcase

Industry Databases

Expansion plan

NOIDA center

SIIC

Residential hostel

Incubatee space

Sam

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Khandekar

Achievements Highlights: Incubation Portfolio

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OBJECTIFY

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Trident Analytical Systems शब्दनागरी, Local Angel Funding

Whorl Engineering Strategic Stake Walchand Industries

Weather Risk Management Recipient of TePP funding, SIDBI

Strategic Stake by ICICI Lombard

Ford Foundation Grant

Curadev Pharma Strategic Alliance with Roche

E-Spin Nano Technologies Spirit of Manufacturing Award

Rajeev Motwani Young Entrepreneurship

Aarsh Management

Positive CIO Review

Strategic Alliance: CMC/Polaris/Infosys

2nd stage funding SIDBI Risk Capital

GeoKno India Limited Recipient of ISBA award,

Strategic Alliance with GMR India

Aurora Integrated Sys. Funded by TATA Group

Cenogen Materials Intel DST Award

Received large private equity

Aarav UAV Venture funding, Stage II

Sam

eer

Khandekar

Achievements Highlights: Tinkering Laboratory

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Sam

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Khandekar

Crossing the bridge: Insights

Nurturing innovation:

Changing the mind-set - Challenging

Upstream mentoring – Downstream mentoring

Scale up: Local Remote

Financial Self – Sustenance – beyond metros

The Incubation Team

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Risk

takers Incubators

Angles

Venture

funds

Market

IP

Policy

framework

Technology

support

Sam

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Khandekar

Summary and Outlook

IIT Kanpur Unique locational features

A large and young work force a major driver in the entrepreneurship movement

Efficient hand-holding is required in critical technological areas

SIIC: Nurturing technology based entrepreneurship movement unique and exemplary

Goal: Promote innovation Translational research Challenging

Competitive edge Societal impact Need of the hour for India!

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Sam

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Khandekar

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