Society for Innovation and Entrepreneurship (SINE) manages a technology business incubator at Indian Institute of Technology (IIT Bombay). Set up in 2004, SINE was formalisation of an IT incubator pilot started in 2000 with the support of its alumni. The incubator is a platform to support technology start ups founded by IIT Bombay community or are based on IIT Bombay technologies. Thus, SINE extends role of IIT Bombay by facilitating conversion of R&D into entrepreneurial ventures.
SINE has an infrastructure spread over 10,000 sq.ft., and can incubate 15-17 companies at a time. SINE is supported by several government departments such as Department of Science and Technology, Department of Information Technology, & Technology Development Board.
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.