BUSINESS INCUBATION

OVERVIEW

What stops you! unleash the business baron in you.

 

NIST invites Business Proposals/Business Ideas/ Innovations on product/Process/Service from its potential entrepreneurs and innovators, having commercial viability, who wish to see their business ideas, get incubated at NIST campus. Every viable/shortlisted idea will get monetary support ranging from Rs.4 lakhs - Rs. 8 lakhs ,depending on the idea and money required to commercialize it.

 
 

MANDIE FOUNDATION

Mandie Foundation Works for Mentoring and Networking of Disruptive Ideas to Enterprise. This actively catalyzes entrepreneurship at NIST through innovative research and entrepreneurship. Placement deferral, startup fellowships, graduating student accelerator and summer entrepreneurship internships are some key initiatives by CIIE to help more and more students take the plunge.

 
 

LEARN THROUGH OUR EVENTS

Our events are a great way of meeting like-minded entrepreneurs, mentors, investors and other subject-area experts to facilitate the budding innovators the business insight, customer-connect or deepdive into a new sector. There can't be a better way of preparing for taking the plunge! Our events and workshops help aspiring entrepreneurs learn from and network with other aspiring entrepreneurs, mentors, investors and other stakeholders. We design and organize workshops, training sessions, sectoral boot camps and talks to inspire entrepreneurs and other entrepreneurship stakeholders across India.

Other than the University Syllabus modules the institute provides the LearnWise certification course Module from Wadhwani Foundation-National Entrepreneurship Network is given through week end classes.

 
 

ACHIEVEMENTS

FUNDING FOR EDC AND IIPC CELL

2006
NIST (Coordinator - Dr. Ajit Kumar Panda)
DST, India
Rs. 50 Lakhs
Entrepreneurship Development Cell establishment
2006
Dr. B. Pawan Kumar
AICTE, India
Rs. 6.56 Lakhs
Industry Institute Partnership Cell (IIPC) establishment

MSME FUNDED BUSINESS VENTURES

Dr. Subir Saha
MSME, India
Rs. 10.0 Lakhs
MSME Project Grant on "YottoSense"
Mr. Byomesh panda
MSME, India
Rs. 8.2 Lakhs
MSME Project Grant on "Aqua Script: A Water Droplet Based Message Display System"
Mr. Nihar R Sahu
MSME, India
Rs. 8.5 Lakhs
MSME Project Grant on "SMS based News Display System"
Mr. E Balaji Subudhi
MSME, India
Rs. 16.60 Lakhs
MSME Project Grant on "Gesture Recognition"
Dr. Mihir Hota
MSME, India
Rs. 10.0 Lakhs
MSME Project Grant on "Noiseless Solar Grass Cutter"
Mr. Rajesh Panda, Mentor Dr. A K Panda
MSME, India
Rs. 7.36 Lakhs
MSME Project Grant on "A service aimed at students community to understand Industry needs and its best practices"
Mr. B S Pattnaik Mentor by Dr. A K Panda
MSME, India
Rs. 12.7 Lakhs
MSME Project Grant on "Wi-Fi Electronic Guide/E-Guide for Tourist Application"
Mr. B Jagdish
MSME, India
Rs. 9.64 Lakhs
MSME Project Grant on "K-Technologies"
 
 

ECoE - Incubation Center for ESDM in collaboration with ESSCI

Electronics Sector Skills Council of India (ESSCI), a Sector Skill Council formed under the Ministry of Skill Development and Entrepreneurship (MSDE) - GoI, has setup its first finishing school for Electronics System Design and Semiconductor Design in Eastern India region to address the need of skilled manpower.

 
 

Startup India Odisha: Boot Camp at NIST

NIST has been identified as one of the 10 organizations in Odisha to conduct the Startup India Odisha Boot camp during February 2018. Where around 256 innovators had participated pitching 158 business Ideas out of which 14 Ideas were been shortlisted for the next level of 3 day Accelerator program at KIIT TBI, Bhubaneswar.

bootcamp
bootcamp
bootcamp
bootcamp
 
 

SHORTLISTED IDEAS IN STARTUP INDIA ODISHA

1
Shubhranshu Seth
Sourav Srivastava
Harsh Vardhan Dadhichi.
MEDIC
NIST
Berhampur
subhranshu97@yahoo.com
srivastav1sourav@gmail.com
dadhichihorshvardha@gmail.com
8588946276
7377951936
9583142231
2
Rahul Kumar
CHITTELA
AJAYANATH
Get Rid of Fobia using AR/VR Technology
NIST
Berhampur
rahulkr890@gmail.com
ajayanath.chittela@gmail.com
7681870989
9438307352
3
Smaranika Jena
Mind Bound: Meeting of Brilient Minds
NIST
Berhampur
sjena4212@gmail.com
gouda.archana123@gmail.com
7008648124
8658997450
7077017914
4
Guru Dutta Panda
Prabeen Kumar Sahu
Abinash Panigrahi
IOT based Soil Nutrient Meter
NIST
Berhampur
vu3gdp@gmail.com
kprabeen3@gmail.com
abinash.panigrahi.97@gmail.com
9778238593
7008459192
8652400055
5
Arbind Kumar Mahato
Kabita Mahato
Low cost portable electrical characterisation meter
NIST
Berhampur
arbind23.08kimar@gmail.com
kabitamahato1807@gmail.com
97008420930
8093501003
6
Ritu Parno Behera
AR/VR Based Tourism Guide
NIST
Berhampur
rituparno.behera@gmail.com
abhisheksoni0071@gmail.com
7992339302
9113485245
7
Mohammad Istiaque Sharique
Roshni kumari
Baby monitoring system
NIST
Berhampur
mdsharique330@gmail.com
roshnikumari123.rk@gmail.com
8051061977
8
Subham Singh
Atul Kumar Pandey
Vijay Shankar Mishra
Hybrid Crop Harvester/Thrasher
NIST/Icreate, Ahmedabad
shubham25997@gmail.com
akp1881@gmail.com
shankar.vijay056@gmail.com
9454263965
9438009104
7873142064
9
ASHISH K. MISHRA
SHREYA KUNDU
Sumit Kumar
Bottle Cooler
NIST
Berhampur
mishraashish120@gmail.com
singhsumit2k15@gmail.com
shreyakundu75@gmail.com
8986831226
8280034691
9124123780
10
Siddharth Shankar Pradhan
Fully automated droid to assist a patient in medical emergencies
 
siddharthpadhan1999@gmail.com
9937248747
9337576008
11
K Abhishek Patro
Sudhansu sekhar swain
Sai Prasana
Jayanti Jagarnath
FluoroNil
NIST
Berhampur
kabhishekpatro8888@gmail.com
7008420930
9438694783
7978114221
12
N KRISHNA SRI SAI
BLOC HAUS (BLOCK HOUSE) Smart home & Security solution
IIT
Bhubaneswar
krishnanov21@gmail.com
8984632307
8763715017
12
DR SANDIPAN MALLIK
Flexible Capacitive Sensor for Pressure Sensing
BIMTECH, Noida KIIT-TBI
sandi.iitkgp@gmail.com
9124856143
 
 

STARTUP ODISHA BEST BOOT CAMP

NIST has been awarded as the Best Boot Camp for Maximum No of Ideas presented

bootcampaward
 
 

CII INNOVATION CLUB

A CII partnered and mentored Innovation Club has been launched on 13th April 2018 to bridge the gap between academia and the industry "need" component and valuable mentoring . With the support the CII-Eastern Region Initiative this innovation club been very functional works effectively from grass root level motivation to ideate till the successful mentoring by industry experts from CII forum of mentors including investors meet, startup week end etc. give a radical shift in the entrepreneurial thought process of the campus.
 
 

Project Day

The institute is floating around 500 project ideas under its under-graduate Final Project process on several updated categories of Embedded/NI-Labview and automation tool based hardware projects/Civil & Mechanical/Software development projects/Simulation based projects/Renewable Energy etc. 10% of the total projects are screened by the faculty expert group to participate in the project day where the 10% around 50 Nod nos of projects are evaluated by industry academic and VCs, Angel investors and Banks and CSRs. This process of project evaluation aspires the budding engineers to invest in enterprising sectors and also opens up the arena for many investors to come and provide platform for the innovative ideas to take it further.
project day
project day
project day
 
 

Future Expansions

The incubator is in the process of getting registered under
1. Startup Odisha Incubators
2. NSTEDB
3. MSME GoI ASPIRE TBI
4. DST TBI
And specialize in ESDM and IOT field of incubation supports.