Society for Innovation and Entrepreneurship (SINE), is an umbrella organisation at IIT Bombay for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘Start to scale’ support for technology based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.

• Infrastructure - Physical infrastructure with fully furnished office, conference room, meeting room, internet etc at a very nominal cost.

• Ecosystem - Benefit from the ecosystem at SINE and in IIT Bombay, Access to IITB labs, Proximity of technical and management expertise at IIT Bombay, Library resources and access to the talent pool of IIT Bombay like students. 

• Funding- Upfront Cash Support and Additional Seed Support support on case-to-case basis.

• Advisory - Business plan assistance, Mentoring support, Access to professionals with legal, financial, accounting, IP, and industry expertise, Training programmes and seminars relevant to entrepreneurs

• Visibility - Showcasing events for exhibition of products and solutions, Networking events to facilitate interaction with investors and industries

Phone Number: 022 2576 7016

Email ID: sine@sineiitb.org

You can apply using this link: https://form.jotform.com/220553173082449

• An Applicant for admission to the Business Incubator of SINE may be an individual or registered company. 

•  Applicants should have a Technology based product/idea which could be of any or in combination of the following categories.

•  Preference will be for intellectual property based companies.

Pre-requisites

•  In case of faculty member from IIT Bombay, he/she must obtain permission from the offices of Dean (R&D) and Dean (Faculty affairs) to be part of the venture.

• Pursuing student-  will have to obtain permission from his or her faculty guide and/or head of department for starting a venture and business incubation in SINE. A letter from guardian may also be needed. This is to avoid any academic or social conflict vis-a-vis incubatee companies as also with SINE.

•  If a potential venture is based on technology, Intellectual Property (IP) or know-how belonging to or developed in IITB (IITB IP) or belong to or developed by full time employees of IITB (Private IP), the inventor (student or faculty member) has to obtain the permission from the office of Dean – R&D for technology transfer or technology licensing in favour of the venture.

•  Similarly, a faculty who is an inventor of a technology which is a private IP will also initiate a letter to Dean -R&D, IIT Bombay and SINE indicating his/ her intention to promote/ support a start-up company with the said technology. In the said letter, the inventor will also inform that it is his/ her private IP which he/ she agrees to transfer it to the proposed start up company.

•  If IP is of any other institute or organization, NOC from concerned institute/organization will have to be obtained.

•  In the event there are other members involved in the development of the IP and if they are not going to be part of the startup /venture NOC from each of them will have to be obtained from each of such members.