Selected startups are provided incubation and funding support at SANDIP™ TBI. The duration of incubation is 2 years. Funding is provided to prospective startups through loan/equity. The quantum of funding is up to INR 1 Crore. Funding for startups is provided through
SANDIP™ TBI also works with angel and VC funds in India that can invest in startup companies.
GST exemption for services provided by an incubatee upto a total turnover of fifty lakh rupees in a financial year subject to the following conditions :
SANDIP™ TBI offers both physical and virtual incubation. Co-working spaces located at three prime locations of SANDIP™ campus offer the following facilities:
SANDIP™ TBI brings in both national mentors and international mentors from Silicon Valley with varied experience across multiple domains and sectors. They have been executives at Fortune 500 companies, built startups and products with the local and global appeal.
Startups incubated at SANDIP™ TBI have access to partnered VCs for investments. Ah! Ventures, Ankur Capital, Indian Angel Network and Gazelle Ventures are Investor Partners with SANDIP™ TBI to name a few.
SANDIP™ TBI, startups can avail the various lab facilities to build prototypes, set up test environments and test the various features of their product. The large fraternity at the University can be used to gauge the initial feedback of customer.