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.

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