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Technology Business Incubator @ Kongu Engineering College (TBI@KEC), an unique 24x7 facility was established in 2003 as a joint venture by Kongu Engineering College (KEC) with the generous grant-in-aid and support of National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology (DST), Govt. of India (at a total project cost of Rs.3.95 Crore) for nurturing and promoting innovation and entrepreneurship development in cutting edge technology areas (with thrust in Electronics & ICT - particular emphasis in Embedded and Wireless Embedded System, Digital Signal Processing, IoT and Electronic Card Design, Assembly, Testing & Repair).TBI was formally inaugurated by the then Secretary of DST/GoI in August 2004. The land and building along with a part of capital have been provided by the Host Institute (HI). TBI@KEC is a registered Society under The TamilNadu Societies Registration Act, 1975 (27 of 1975). TBI in an area of 26,800 Sq.ft provides total support to the incubatees right from “Concept to Commercialization” under various stages which include capacity building training programs, project formulation, mentoring support, financial assistance, networking with other agencies, participations in national & international challenges and infrastructure & lab support of TBI and HI in addition to spotting and involving talented students (Interns) and faculty to work with the entrepreneurs for a win-win situation. The other activities of TBI include project facilitation, training, workshop, repair and service, re-engineering etc., TBI has established NIDHI PRAYAS Shala – Rapid Prototyping lab for Hardware startups with an investment of Rs.100 lakhs in an area of 4,500 Sq.ft. Over a period of 17 years, TBI@KEC has incubated 92 startups (out of which 23 are alumnus) from in and around Erode, Coimbatore, Chennai, and Bangalore. 93 products have been developed so far benefitting various sectors of economy and society (five products also exported abroad). DST and MSME under various schemes have sanctioned Rs.12.52 Crore to TBI@KEC. 53 Incubatees have been provided financial support (soft loan/ grant) of Rs.6.31 Crore in total. TBI under NIDHI-PRAYAS Scheme has supported 30 innovators with total of Rs.2.50 Crore to convert their ideas into prototype / product. 13 out of 30 PRAYASEEs have got DPIIT Startup Certificate and 1 got Inter Ministerial Board (IMB) approval for TAX Exemption. Totally 9 patents have been granted out of 20 filed and 17 Awards were won by Incubatees. TBI has been launching products developed by the incubatees of TBI@KEC regularly. The first product launch was done in CODISSIA, Coimbatore as early as in 2004 and regularly thereafter for startup & their product visibility to the market. TBI@KEC won the coveted National Award for the best TBI in the country for the year 2012 in recognition of its consistent good performance. The award, instituted by DST/GoI, was presented to TBI@KEC by the President of India on 11 May 2013.

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July 16, 2021, 5:34 p.m.