The incubation centre is established to support technology based entrepreneurship. Focus of NETRA MITA is in ESDM segment. However, incubating facility is available for all segments of technology start-ups.
The biggest advantage of our incubation facility is access to large pool of interdisciplinary skilled manpower, state of the art laboratories, and workshop.
The incubation Centre provides space, mentorship support, Technology support, access to labs and workshops for technological start ups through incubation model.
NETRA’s incubation model has adapted two pronged approach. It intends to attract entrepreneurs to create success stories and showcase them to young students minds to take up technological entrepreneurship.
Product development activity for industry acts as a feeder commercializable technology ideas. NETRA-MITA has a vision to promote product development competency among faculty and students. We use multi-disciplinary approach to connect industry needs and students to develop product and technology at a prudent cost.
* Engineers/Companies desirous for setting a start-up with product idea or a ready proof of concept that can be transformed to final product with supporting business plan.
* Student and Faculty start up to be allowed after due diligence at NETRA-MITA as per guidelines.
* Educational training companies, courses, vocational training, distribution or trading of a goods etc shall not be considered.
o Basic facilities of standard furniture and fixture with Single phase power supply suitable for technology start-ups with standard on campus connectivity.
o Access to equipment’s available and workshop at concessional rates.
o Nominal rent to start that may be reviewed after 2 years.
o Nominal stake in company in name of NETRA-MITA
* Product development at prudent cost.
* Access to rapid prototyping facility.
* Conducting field trials.
* For manufacturing and scaling up
* For showcasing the product in appropriate platform.
* Teacher customer
* Innovation in partnership
* For events like demo day for pitching to
Angel investors and VC
* Best in class Mentors
* Ecosystem collaboration
* For providing Solutions and not just products
* Get over IP, Brand, Revenue, Fair profit sharing insecurities
Mentoring and Coaching
* Mentors will be assigned to each start up.
* Connect with functional expertise and CxO level inputs.
* Support on business and technology development.
* Regular networking events with entrepreneurs and industry experts.
* Support on state and central Govt. Schemes.
o The prospective start-up shall be evaluated on following criterion
o Technology based business – POC, relevance of technology of product idea, innovation, Timelines, market availability
o Profile of core team / promoters.
o IP already generated or potential of the idea for IP generation.
o Financial commercial viability – Start up may give 5 years preliminary business plan
o Time required to put the product to market. (If product is under development/prototype)
o Scalable idea.
o Guidelines for Exit from incubation centre at NETRA-MITA
o The Start-up companies will exit from incubation centre
* On completing 3 years unless mutually extended.
* Unsatisfactory business performance or no business activity for 6 months.
* On attaining annual turnover of 2 cr
* When number of employees exceed 10 excluding intern students.
* In case of dispute among promoters
* Change in promoters without acceptance GB
* Violation of policies laid down by NETRA MITA
* Any other reason that NETRA-MITA management feels that incubatee leaves the incubation centre.
* Governing Body for incubation centre.
A governing body shall be established to deliberate on the selection and performance review of start-ups. It is proposed to be consist of
* General Secretory MITA
* Head NETRA-MITA
* Head Faculty
* Representative of Devgiri Electronic Cluster
* VivekPawar as NETRA India Head
1. Legal Help through independent legal advisor. 2. Financial Management Assistant by through third party chartered accountant. 3 Taxation assistance through third party Resource 4. Many more services and support schemes
Contact us with your idea !
We will develop robust, configurable, and modular product @ prudent cost.
Become our partner custom.