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Contact person:
Ms. Poyni Bhatt
Chief Administrative Officer
 SINE,
Society for Innovation and Entrepreneurship, hosted
by Indian Institute of Technology Bombay- IIT
Bombay is an umbrella for promotion of entrepreneurship
at IIT Bombay. SINE administers a business incubator
which provides support for technology based entrepreneurship.
Thus, SINE extends the role of IIT Bombay by facilitating
the conversion of research activity into entrepreneurial
ventures.
IIT Bombay, known as one of the best sources of technology
innovation and research excellence in India, was an
early adopter of the concept of business incubation
in India. An IT business incubator was set up at Kanwal
Rekhi School of Information and Technology, IIT Bombay
in 1999.
The experiment has had manifold effects on the IIT
Bombay campus. Apart from successfully incubating a
number of companies, the presence of the Information
Technology (IT) incubator also created an environment
conducive to entrepreneurship. Students and faculty
members started thinking of setting up ventures based
on their own technologies and ideas. Encouraged by the
success of the initial experiment, IIT Bombay set up
a full fledged technology business incubator to cover
other areas of science and technology.
 Thus,
SINE came into existence in 2004 to administer the business
incubator and accelerate the growth of entrepreneurship
in IIT Bombay. Since then it has served as a role model
for other business incubators in academia across the
country. The Department of Science and Technology of
the Government of India has also provided financial
assistance to the business incubator. The incubator,
with infrastructure spread over 10000 sq.ft., can accommodate
about 17 companies.
SINE's main activities are to:
- incubate early stage entrepreneurial ventures based
on technology and innovation.
- create physical infrastructure and support systems
necessary for business incubation activities.
- facilitate networking with professional resources,
which include mentors, experts, consultants and advisors
for the incubatee companies.
- identify technologies/innovations which have potential
for commercial ventures.
- promote and foster the spirit of entrepreneurship.
- carry out activities that facilitate knowledge creation,
innovation and entrepreneurship activities.
Details of SINE incubatee companies can be viewed on
www.sineiitb.org/incubatees.html
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