Incubation and Startups
Incubation And Startups
Incubation facility of the institute helps to nurture and grow new business ideas by supporting them through early stages of development and change through business development processes, access to expert advisors, mentors, administrative support, office equipment, training, access to potential investors, infrastructure and people. It offers startups and new ventures access to the resources they need, all under one roof. It also acts as a temporary launching pad for new businesses.
The prime motto of the incubation centre is to augment, enhance and upgrade the business ideas of our students and develop a conducive ecosystem for them. Incubation Centre assist the budding entrepreneurs in following ways:
- High-speed Internet access and other high tech infrastructure.
- Networking opportunities with industry professionals.
- Connections to higher education resources and strategic partners.
- Help with marketing and presentation skills.
- Technological and business basics assistance
- Accounting/financial management assistance
- Access to angel investors, venture capital, seed funds and guarantee programs
- Mentoring and comprehensive business training.
MoU Between Sri Aurobindo Institute Of Technology, Indore And Indore Smart Seed Incubation Centre
The institute has signed a MoU with ISCDL (Indore Smart City)and CIIEI (IIM-Ahmedabad) to conduct the start-up support program- Innocity for start-up founders and budding entrepreneurs studying here. The MoU was exchanged between Mr. Kinshuk Trivedi, Vice President of Sri Aurobindo Institute of Technology and Mr. Rishav Gupta, IAS, CEO (ISCDL).
According to this, the institute and ISCDL will pitch in with their resources viz. Smart City Incubation Centre, Mentoring and Technical Support for the start-up founders and ISCDL will also provide them Smart Seed Incubation Centre. CIIEI will conduct the start-up mentoring and it will also support the fundraising program.
Sri Aurobindo Institute of Technology will provide the required infrastructure such as Centre of Excellence labs, Technical Support. Along with this, the institute would also provide Volunteers/Alumni to support at Indore Smart Seed mentorship, and provide connections. All these facilities would be available to Co-Workers and Incubatees of the program at Free of cost or subsidized costing as per the policies.
CIIEI will conduct the start-up mentoring and it will also support the fundraising program. Sri Aurobindo Institute of Technology will provide the required infrastructure such as Centre of Excellence labs, Technical Support. Along with this, the institute would also provide Volunteers/Alumni to support at Indore Smart Seed mentorship, and provide connections. All these facilities would be available to Co-Workers and Incubatees of the program at Free of cost or subsidized costing as per the policies.
This would help the students in planning and executing the conversion of their innovative and robust ideas into a successful business model through the support and coordination of experts and successful business professionals from eminent Public and Private Enterprises.
Startups By Our Students
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Servider
It is a Startup founded by our student Govind Sharma from CSE Department. He aims to provide an integrated and unified platform for the basic domestic services like Plumbers, Electricians, Appliance Repairs, Car Wash etc. through a mobile application with a user friendly interface. Currently, it is operational in Ujjain city and he envisages to expand its services to Indore and nearby cities in future. The startup is registered on the website of the Ministry of MSME and certified by the Ministry of Corporate Affairs.
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R-Proxima Lighting Solutions
R- Proxima Lighting Solutions is a startup by SAIT alumni Rahul Gawadhe from the department of Electronics & Communication. It is an emerging LED lighting technology brand which specializes in the manufacturing of innovative, next-generation LED lighting solutions that improve lighting quality, improve efficiency, and enhance the environment through reduced energy consumption. R-Proxima’s goal is to serve the growing need for energy-efficient, sustainable lighting and smart control solutions.
Rahul is now one of the renowned manufacturers and suppliers of a wide range of LED Lights, with the brand name 'R-Proxima. ' products include LED Flood Lights, LED Bay Lights, LED Street Lights, LED Panel Lights, LED Down Lights, LED Tube Lights, LED Bulbs, LED Strip Lights, LED Garden Lights, LED Underwater Lights and LED Low Bay Lights.
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ZagFox
Shreshta Shukle, a student of CSE Department (2nd year) has been running this startup company successfully since November 2020. It is bringing together some widely used web hosting, WordPress, and server management solutions. The company is recognised under Startup India Program.
ZagFox comprises mainly 3 products. Hostomy, a web hosting company which hosts more than 5,000 domains with this number growing every day.ThemeRush, which provides themes and plugins for user needs for WordPress, a third-party blogging platform and ServerJet, a platform that automates server-related tasks for web professionals, allowing users to handle most requirements of their web projects in a simple and convenient manner.
Govind was awarded by the Honorable Governor of MP, Mangubhai C. Patel and Dr Sunil Kumar, Vice-Chancellor RGPV, Bhopal for his startup being selected in Top 5 Startups of MP. He has also received a seed fund of Rs. 1,00,000 from RGPV, Bhopal for the startup.
Sri Aurobindo Business Incubation Centre (SABIC)
SABIC is a self-funded centre that aims to encourage, inspire and nurture young students and staff members by exposing them to new ideas and processes resulting in entrepreneurship. It will work under the Sri Aurobindo Institute of Pharmacy-IIC and will focus on creating a complete ecosystem that will foster the culture of Innovation among the students from idea generation to pre-incubation, incubation, and graduating from the incubator as successful start-ups.