Guwahati: The Indian Institute of Technology, Guwahati’ s Technology Incubation Centre (TIC) has incubated 42 start-ups that will work in different sectors such as robotics, IT, water, oil sector, biotechnology, Machine Learning, IoT, renewable energy, home automation, and logistics. These start-ups have been raised by the incubation centre that aims to provide space for new entrepreneurs and young minds to transform innovative ideas into feasible business propositions.

The centre will also provide technical support, business mentoring, and a soft loan facility (subject to availability). It aims to promote advancement in science and technology, traditional knowledge and biodiversity resources; facilitate a platform for entrepreneurship and incubating research mindset for the development of society; and create an interface among researchers, technocrats, and industries.
“IIT Guwahati through the TIC has embarked on encouraging the students, faculty, staff and other entrepreneurs to provide necessary technological guidance and convert their ideas into products and technology that will be useful to the society and make the country Atmanirbhar,” said Prof. T.G. Sitharam, director, IIT Guwahati.

The Institute said that its incubation centre is recognised by the Ministry of Micro, Small, and Medium Enterprises (MSME), Government of India. The grant assistance from The Technology Development Board, under the Ministry of Science and Technology, Government of India, has also been approved to support start-ups, it added. The centre will help the candidates by connecting them to a pool of experts in terms of faculties, funding agencies such as Oil India Limited (OIL) and Numaligarh Refinery Limited (NRL), among others, and other financial institutions like Indian Bank and YES bank

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