Centre for Innovation, Business Incubation and Entrepreneurship
“Transforming Idea into Business Venture”
CIBIE was established in the year 2015 with an objective to inculcate innovation driven entrepreneurship among engineering students.
CIBIE offers common facility to the incubatees such as; Work Space, Conference Room, IT infrastructure and power. The incubatees are also mentored to refine their ideas through validation. The abstract of their ideas are shared with Entrepreneurship Development Forums such as TNSI, Forge Accelerator etc. This gives the students an opportunity to attend workshop on Idea Pitching and fine-tune their skills to become a thorough professional.
Centre for Innovation Business Incubation and Entrepreneurship (CIBIE) has 17 startup companies since inception who work on technology based solutions on various fields such as Software as a Service (SaaS), product automation, Agriculture based software application development, product innovations on Agriculture implements, Organic value added products etc. The founder of startup companies is of students/ alumni/ local entrepreneurs. Out of 17 startups, 3 Agri Tech based startup companies founded by alumni and local entrepreneur raised grant from EDII-TN of Rs. 7.5 lakhs through Innovation Voucher Programme (IVP) to convert their idea into prototype. Multi rotor Tractor Rotavator and Roto-Tiller, Development of Automatic Jeevamirtham preparation Machine and Development of Coconut dehusker and fibre separation Unit are the three ideas selected under IVP scheme. One of our student startup named “Stark Tech” working on drone development for cleaning of rivers, ponds and other water resources. FarmYield Agri products LLP is another startup company incubated with CIBIE gives training and production of virgin coconut oil.
CIBIE organizes various programmes to strengthen the entrepreneurship ecosystem in the campus. CIBIE organizes a meeting with successful entrepreneurs to share their experience with students to create awareness. Conduct Idea Pitching Contest among students to come out with innovation based Start-up Ideas that solves an important problem. Students with best ideas are mentored and encouraged to transform their ideas to prototype and eventually become an incubatee.