Society for Innovation and Entrepreneurship (SINE), is an umbrella for fostering entrepreneurship and nurturing tech start- ups at IIT Bombay. It administers a business incubator which provides support for technology based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.
Set up in 2004, It is one of the earliest incubators in academia with a potential to create economic growth, strategic value and social relevance. Over a period of time SINE has supported 120+ startups, 330+ entrepreneurs and 300+ innovators and 3500+ employment has been generated by SINE companies
SINE offers start-to-end support to innovators and entrepreneurs. It gives prototyping grants, provides incubation support to IITB-based tech startups and runs accelerator programs in corporate partnership.
SINE is actively participating in many new programs in collaboration with Government, Institutions, Industry and Academia. It has also expanded its activities by reaching out for cross-border collaborations.
It has been selected as “Centre of Excellence” by Department of Science and Technology (DST), GOI and also approved for setting up a BIO-Incubator, i.e. BIO-NEST to support the medtech start ups.
As an early adopter of the incubation activities, SINE’s practices have been replicated across the country in academic and R&D institutions.
Our Main Activities at SINE are to:
Pre-incubate, incubate and virtually incubate early stage entrepreneurial technology based ventures.
- Create physical infrastructure and support systems necessary for business incubation activities.
- Facilitate networking with professional resources, including mentors, experts, investors, industry professionals, consultants and advisors.
- Identify technologies/innovations which have potential for commercial ventures.
- Promote and foster the spirit of entrepreneurship, and generally to carry out activities that facilitate knowledge creation, innovation and entrepreneurship activities.