KITCO - Technology Business Incubator (KITCO-TBI)
KITCO has established KITCO – Technology Business Incubator (KITCO-TBI) to offer support and mentoring to all aspirants with passion to become an entrepreneur. KITCO-TBI intends to emerge as the nodal agency for innovation & entrepreneurship through various activities. Technology and Business incubation is the key activity of KITCO-TBI.
Goals of KITCO -TBI
- New venture creation
- Value added services
- R & D support
New Venture Creation through Business Incubation
The business incubation programme, ‘myenterprise’ nurtures new ideas and help in setting up enterprises, development of a product or service. Assistance is provided for upto 3 years
Services provided include getting financial assistance to grow big, help in testing and validation, network with industry to use their product line to fine tune certain prototypes. Workspaces, video conferencing facilities, conferencing facilities are offered at KITCO TBI. Tourism, Food Processing, Waste Management, Fashion Technology, Information Technology, Electronics and Electronics Hardware are some of the sectors where entrepreneurship is promoted.
Value added services
Business Model development
KITCO-TBI assists the entrepreneurs to build business models of technology ideas they have, using the facilities available in KITCO-TBI or associated resource centers. Assistance of experts are provided if required to ascertain whether the technology idea is sound and worth investing in building the model.
Business Leadership Programme:
KITCO TBI’s Business Leadership Programme is a 12-week programme for the incubatees of various TBIs, virtual incubatees, working professionals planning to start enterprises etc. focusing on their training, incubation and mentoring. The programme comprises all activities from ‘ideation to launch’ of a business entity.
Fostering Student Entrepreneurship among Colleges in Kerala:
KITCO-TBI intends to offer services as mentor for academic institutions in setting up and managing the Innovation & Entrepreneurship Development Centers in their campus.
Technology Development / Up-gradation: KITCO-TBI addresses technology development/up-gradation issues in the following ways:
- Identify appropriate technologies for commercialization and extend Techno-commercial assistance.
- Undertake technology development activities with the assistance of experts from the R&D Centers, academic institutions, industry etc.
In all the activities the entrepreneurs are guided by expert consultants / mentors in order to ensure success of the programme.