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23  Starting a company based on your research/ technological breakthroughs

Keywords

IITB startup policy, faculty entrepreneurship, IIT Bombay spinoff, research commercialisation

The Institute encourages you to capitalize on your research findings which have an application potential, through starting your own company or enterprise on campus. This requires that permission be obtained by applying to the Director, through the Dean (FA)1. The application process involves, among other things, application of due diligence to ensure there is no conflict of interest involved. A company called the Society for Innovation and Entrepreneurship (SINE)2 has been created for the sole purpose of facilitating the transition from laboratory to marketplace by providing incubation facilities, and is the sole vehicle for translation of research/technological breakthroughs by the Institute’s faculty members to commercial enterprises. The National Innovation and Startup Policy also offers incentives to promote student driven startups and innovations.

  1. See link at http://internal.iitb.ac.in/imcwork/faculty/ , also linked from the main IIT Bombay webpage, for details.↩︎

  2. Details of the vision and mission, as well as the rules and procedures for incubating a company under SINE are available at http://www.sineiitb.org/↩︎