08 December 2019

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Business Plan Competition - Innovio 2013

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After independence Indian government has initiated many programs to leverage the technical talent that existed in India. It established prominent research universities and research institutes, provided tax exemptions to new ventures, and improving financial and capital markets.

But still this network of institutions did not promote entrepreneurial growth, most entrepreneurs lack necessary capabilities to manage a business, and financial resources.  The National Science & Technology Entrepreneurship Development Board (NSTEDB), established in 1982 by the Government of India under the aegis of Department of Science & Technology, is the institutional mechanism to help promote knowledge driven and technology intensive enterprises. The Board, having representations from socio-economic and scientific Ministries/Departments, aims to convert "job-seekers" into "job-generators" through Science & Technology (S&T) interventions. Around 55 Technology Business Incubators have been set up under the aegis of NSTEDB in India.


In Odisha KIIT Technology Business Incubator (KIIT-TBI) has been established with a broader vision and mission of promoting Innovative idea & transforming Research developments of Students and Faculties into commercially-feasible technologies for the benefit of the society. KIIT Technology Business Incubator (KIIT-TBI) is an initiative of KIIT University supported by NSTEDB, Department of Science & Technology, Government of India. With this it has become the first and only such TBI in the state of Odisha and one amongst the fifty-odd in the country. KIIT-TBI is also a member of ISBA, APIN and NEN. Although the principal thrust of KIlT TBI is Biotechnology and ICT, KIIT-TBI now also focusing on other emerging areas in Engineering & Technology and Rural Innovation. During the very short period since the TBI has started, till date, 23  incubatee companies have been associated with KIIT-TBI.

KIIT-TBI  has been involved in the development of an entrepreneurship culture in the state through its work with entrepreneurs to create successful business ventures . To carry forward this initiative and momentum of Entrepreneurship development and Enterprise creation, since last two years, with an aim to encourage and give shape to ideas and innovations from the youth, KIIT TBI is organizing  Annual Business Plan Competition-Innovio . The core aim of this competition is to identify potential Entrepreneurs, nurture and support them to develop independent self sustaining business. This has been envisaged to encourage innovative thinking and entrepreneurship amongst students, professional and academia as well as spread awareness of the concept of incubation for enterprise creation at all levels. The main theme of the competition are Innovative technology identifying Problems from the following Challenge Areas :- Health care & Medical Industry, Energy , Environmental Protection , Communication Technology , Agriculture & Farming , Food & Nutrition, Transportation , IT , ICT & Embedded Systems, Hotel & Hospitality , Manufacturing & Engineering Industry .

Time Frame Of Submission :

  • Business Plan Submission : December 30th, 2013
  • Business Plan  Finalists Selection :  January 10th, 2014
  • Finalist  presentation (in ppt/pptx  format) to Jury & Award Ceremony :   February  8th,  2014


For more information for this competition contact:-

Dr Manisha Acharya

Incubation Manager

KIIT Technology Business Incubator  (KIIT-TBI)

Ph.:     +91-674-2725466   Mobile Number: +91-8658445646 / +91-9938800465

e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it , This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Website: www.kiitincubator.in


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