AIC-JITF | Supported by NITI Aayog, Govt. of India
Atal Incubation Centre – Jyothy Institute of Technology Foundation (AIC-JITF) is an incubation center supported by AIM, NITI Aayog, Govt of India. It marks a new era in the field of scientific entrepreneurship enabling aspiring individuals, students and faculties to incubate and to build their start-up Ventures.
AIC-JITF is housed in Jyothy Institute of Technology which also has a state of art R&D center – CIIRC.
AIC-JITF leverages all the resources that are available within the campus such as access to laboratories, workshops, development, testing centre, computing resources, internet , library and above all highly experienced and knowledgeable human resource.
In addition to these AIC-JITF also has access to network of eminent professionals, academicians, bankers, venture capitalists and businessmen, who can extend support to new ventures. AIC-JITF focuses on the following thrust areas:
• Food Technology
• Devices and Sensors
However, ideas in other domains are welcome and would be considered on a case to case basis. In addition to these, the AIC-JITF also offers training and skill development program in ideation, business planning, entrepreneurship, marketing, business communication, intellectual property, idea pitching others.
To be the Best Incubator to empower the competent entrepreneurs to build their successful startups.
To support the startups with imperative knowledge, excellent Infrastructure and finance to accelerate their early phase of the startup.
Being one of the AICs in Karnataka, we have an array of specified services that we have to help your startup take shape! These services are targeted towards making your business as productive as possible. Our aim is to ensure that you get all the support needed to manage your business so that you never feel alone! The key things you can expect during your incubation period with us at AIC – JITF would be follows:
Assistance in identification and evaluating the technology and know-how.
Pre-feasibility studies, Project appraisal, Market research and techno-commerical studies.
Training will be arranged based on the requirement of the prospective entrepreneur. The training can be in the specialized technical areas, Entrepreneurship Development, or Management.
Ready to use state of art office space with furniture, connectivity, networking, office support and common facilities like meeting room, fax, copier etc.
The entrepreneurs will have access to the institution library.
Faculties of JIT-Technical team will provide necessary technical support. JIT-Management faculty will provide support in the areas of entrepreneurship and management.
Laboratory, Workshop & Testing Facilities
The incubatees will have access to R&D laboratories, workshops and testing/characterization facilities available on campus.
AIC-JITF gives importance to mentorship and believes that sharing the knowledge from experience can ease challenges of an entrepreneur. The mentoring support is offered through a pool of mentors consisting of senior faculties, Industry people, Business Consultants who will enlighten the road for incubates. Business modelling, Business plan preparation, finance and legal support are all other branches of the Mentorship Program.
You will find easy access to experienced mentors in the field of:
a. Business strategizing
b. Marketing plans
c. Building technical product
d. Hardware products
e. Everyday operations
f. Fund Raising
There comes a stage in every startup’s lifetime that it maybe needs of funds. This might be in early stages of initiation or at later stages of growth. There are multiple ways that we at AIC – JITF help startups raise the required funds.
Some of the funding options that are available at our disposal would be:
1. Cash support up to 1 Lakh for select startups
2. Equity debt up to 25 Lakhs as per the guidelines of NITI Aayog
3. Seed investment from angels
4. Progressive stage investment from Venture capital firms
• Support related to legal and IPR protection
• Industry linkage for technology transfer
• Linkages with R&D Labs for technology sourcing
• Training and networking
• Networking with potential advisors and mentors
• Access to Angel Investors and Venture Capital funding
• Access to financial support through different schemes
• Loan assistance from Banks
• Service tax exemption for start-ups (up to 50 lakhs revenue)