GEC TBI
The goal of Technical Business Incubator (GEC-TBI) at Gandhi Engineering College(GEC, Bhubaneswar) is to promote and support technology based entrepreneurship spirit among the B. Tech and M. Tech students of GEC.
GEC-TBI desires to facilitate the creation of ideas and benefit society. To this end, Gandhi Engineering College has adopted the incubation policy to provide guidance and management structure to facilitate the development of entrepreneurship.
Incubation centre at CIE, GEC is supported by Gandhi Engineering College that funds, mentors and nurtures idea, startups and entrepreneurs. Virtual incubators can operate anywhere from India. We are looking for:
- Early stage startups
- Mid to large sized companies with developed ideas
- Mentors can help our startups
The scope of the document is to define the policies GEC-TBI and operational matters related to the GEC-TBI,Gandhi Engineering college wishes it covers the following process
- Eligibility
- Admission procedure
- Infrastructure and services provide to incubate
- Mandatory mentorship
- Period of incubation/exit
- Intellectual property evaluation
- Seed funding
- Periodic evaluation
- Conflicts of interest
- Disclaimer
- Agreement
The policy is subject to periodic review amendments. It will be the responsibility of companies admitted to GEC-TBI to update themselves from time to time on amendments in the incubation policy and procedures.
GEC reserves the rights to make an exception of all or any of the terms of the policy for a particular company or a promoter on a case to case basis.
Incubation Eligibility
- Any person desirous of availing the incubation facility has to incorporate a private/public limited company under the Indian companies Act and apply the prescribed format along with the required documents. No application for incubation shall be entertained if the applicant has not incorporated a private/public limited company under the companies’ acts.
- The companies promoted by faculty of Gandhi Engineering College shall be governed by Faculty entrepreneurship policy as approved by the Institute. The companies promoted by students enrolled for full-time degree at an educational institute shall not be offered incubation if the student is holding an executive position; however, companies promoted by students are eligible to apply for incubation provided the student is not actively engaged with the company beyond any engagement which may be permitted by the Institute.
- A company may if promoted by regular staff or employ of an organization shall be granted incubation only upon the submission of ‘No object certification’ from the competent authority or employer. However, companies having employees as share holders are eligible for apply the incubation.
- Any company that is engaged or proposing to be engaged in imparting educational courses and/or training programs include vocational trainings or planning to undertake such activities or after its incubation at GEC-TBI is not deemed eligible for incubation and their application will not be entertained.