Sardar Patel Technology Business Incubator (SP-TBI)

Call for Sardar Patel Technology Business Incubator (SP-TBI)

Organisation Name:

Sardar Patel Technology Business Incubator (SP-TBI)

Application Deadline:

31 March 2025

About Organisation

Sardar Patel Technology Business Incubator (SP-TBI) is a technology incubation center established in 2015 as an initiative of Bhartiya Vidya Bhavan’s Sardar Patel Institute of Technology. It operates under the affiliation of the Department of Science and Technology, Government of India. SP-TBI is dedicated to fostering entrepreneurship by supporting individuals in developing technology-driven startups. It serves as a catalyst for new ventures by offering essential resources such as infrastructure, technology support, seed capital, mentorship, training, and access to a vast talent pool.

The primary objective of SP-TBI is to enable entrepreneurs to transform innovative ideas into viable businesses. By providing a nurturing environment, SP-TBI ensures that startups receive the guidance and support necessary for sustainable growth. The incubation center plays a crucial role in strengthening India’s startup ecosystem by empowering aspiring innovators and helping them scale their ventures. Through strategic mentorship and access to state-of-the-art facilities, SP-TBI is committed to driving socioeconomic progress by fostering technology-based entrepreneurship, job creation, and wealth generation.

About the Grant

NIDHI-PRAYAS (NIDHI-PRomotion and Acceleration of Young and Aspiring technology entrepreneur) is a flagship initiative by the Department of Science & Technology, Government of India. This program aims to nurture technology-driven ideas and innovations, transforming them into successful startups. It is aligned with national priorities, focusing on building an innovation-driven entrepreneurial ecosystem that contributes to socioeconomic development through job and wealth creation.

NIDHI-PRAYAS provides prototype funding to innovators, helping them bridge the early-stage gap in their entrepreneurial journey. The grant supports the development of physical product prototypes, enabling individuals to transform ideas into tangible solutions with commercial potential. By fostering experimentation and rapid adaptation, the program enhances the quality and quantity of innovative startups entering the incubation stage. The initiative is open to students, graduates, professionals, and early-stage startups with groundbreaking technology-driven concepts. Selected innovators receive not only financial assistance but also access to essential infrastructure, mentorship, and networking opportunities.

Who can Apply?

The applicant must be an Indian citizen with valid government-approved nationality proof (e.g., passport, voter ID).
The minimum age for applying is 18 years as of the application date.
Both individual innovators and startup founders can apply. If working in a team, a lead innovator must be designated to receive the funds.
The innovation must be based on technology and science, with a roadmap toward commercialization.
The proposed product must be a physical prototype and should be completed within 18 months.
Preference is given to applicants who are bootstrapped or have co-investment commitments, have clear commercialization plans, are women innovators, or are young entrepreneurs.
Applicants must have the technical skills or background to develop the prototype.
The project know-how or intellectual property (IP) must belong to the applicant or have authorized usage rights.

Not Eligible:
- Pure software development, e-commerce, service solutions, and app-based projects.
- Students engaged in long-term research (e.g., PhD projects).
- Academic research, student internships, or projects within R&D institutions.

How to Apply?

Interested applicants can submit their proposals by filling out the application form before the deadline. Ensure that the application includes all required documents and meets the eligibility criteria. Shortlisted candidates will be notified for further evaluation.