How We Got Started
The establishment and nurturing of technology based enterprises in academic and research organizations are often attractive to policy makers because of their higher potential in creating dynamic market economies and jobs. As there is rapid development in scientific findings and new technologies in the R&D organizations, Department of Science & Technology, Govt. of India, took the initiative of providing incubation facilities for new entrepreneurs to transfer their new innovative technologies having high impact to the market. Such initiatives are now known by the common name of Technology Business Incubator (TBI), some of which are focused on developing innovative technologies, technology transfer and commercialization of technology.
The technology business incubator at University of Hyderabad was sanctioned in the year 2006 by National Science & Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science & Technology (DST). TBI at UoH is a joint program by university of Hyderabad and Department of Science and technology (DST) and TBI@UoH registered as a society on March 10’2008.
TBI-UoH is dedicated to Pharma, Biotech and Renewable energy industries. The main objective of TBI at UoH is to
- Promote and accelerate the successful development of entrepreneurial Technology based Small Enterprises (TBSEs) in selected thrust areas such as pharma Biotechnology and Renewable energy through an array of business support resources, expertise, facilities and other infra-structure available in the University.
- Develop graduates from TBI @ UoH who would be capable of contributing to the advancement of chemical and Pharma biotechnology.
- Concentrates on providing opportunities for product development, commercialization, new business model, foster local development and employment of highly skilled graduates.
The incubation model at University of Hyderabad has been adopted to meet a variety of needs, from fostering commercialization of university/institution technologies to generation of employment. The incubator facility at UoH has the provision of providing the infrastructure, survival and growth which are the major challenges for the startups and innovators to develop and to stay in a strategic and good entrepreneurial climate.