Incubation At Sid
STEM is one of the few truly deep science
incubators in the country. Its origins in the
Indian Institute of Science give it a privileged
perspective in understanding the specific
needs and challenges of a science based
start-up. Our offerings have been honed over
more than 25 years of existence. If you have
an idea rooted in deep science that can change
the world for the better, do take a look at our
criterion, services and our existing portfolio
of carefully handpicked companies and drop
us a line if you think you are a good fit.
We incubate IP-based start-ups that commercialize science and technology for societal benefit. We have a deep understanding and decades of experience of helping start-ups go from concept to commercial success. Our incubation servides are open to all and are not restricted to IISc alumni only.
IISc faculty who are interested in taking their own expertise to market are encouraged to do so through the Faculty Entrepreneurship Program as per the applicable IISc policies.
The EIR program provides the opportunity to validate start-up ideas, take them from lab to field, develop business plans, etc. This is a structured program that results in a comprehensive incubation proposal that can be evaluated. The EIR program enables validation of a large number of ideas simultaneously without the overhead of setting up a company.
FOR OUR INCUBATEES, WE HAVE THE FOLLOWING OFFERINGS:
Start-ups get incubated at our state-of-the-art Entrepreneurship Centre within the sylvan campus of IISc.
Our incubated companies get a seed capital as per prevailing SID norms.
ACCESS TO ALUMNI
IISc alumni are spread across the globe and most of them are in leadership positions in various organizations worldwide. We can help start-ups leverage the invaluable power of alumni.
Technical mentoring by IISc faculty that helps start-ups in better designing their products.
We have a range of mentors who have a wealth of entrepreneurial and corporate experience to help and guide start-ups during their journey.
We have a range of partners – Angel Networks, Venture Capital Firms, Global Conglomerates, Corporates, PSU etc. that help start-ups in getting access to market, raise capital, find pilot customers etc. We are also partners with global cloud providers such as AWS, MSFT, and Google Cloud that enables our start-ups in getting liberal Cloud credits.
ACCESS TO LEARNING
IISc offers a variety of continuing education programs, workshops, tutorials, MOOCs, etc. that the start-ups can leverage.
Start-ups can leverage the Institute’s IP/ patents through the IPTel office and we help facilitate that.
We have academic partnerships with IIM-Bangalore, IITs, IIIT-Bangalore and various other universities that start-ups can leverage.
MEDICAL INSURANCE COVERAGE
For all the employees and their families working at our start-ups.
ACCESS TO LABS
Apart from traditional departments in science and engineering, IISc has several inter-disciplinary centres of excellence. These include Centre for NanoScience and Engineering (CeNSE), Department of Computational and Data Sciences (CDS), Centre for Biosystems Systems and Engineering (BSSE) and many more. Specialized instruments/labs in these departments are made available to start-ups
at a concessional rate.
The Incubation Process
STEM Cell has in place a rigorous and repeatable process to evaluate entrepreneurs and business ideas.
- Entrepreneurial Team
- Customer Problem Definition
- Technology & Intellectual Property
- Competitive Landscape
- Business Model
- Societal Impact
- Core Team of SID
- Faculity form IISC and other academic institutions
- Financial and legal experts
- Partner organizations
- Domain experts from the industry