Incubation is a business assistance or business facilitation process that fosters startups from their ideation phase through incubation and graduation as successful business entities by offering them a variety of tools and services. These services, which include mentorship and funding, are organised by the incubator management team and made available by the business incubator as well as through its network of contacts.
• To undertake on a time-bound and a mission-oriented basis planning, establishment and management of Technology Incubators in Kerala in order to provide the ecosystem and infrastructure needed for launching advanced technology business ventures through research, design, development, and training activities.
• To promote local entrepreneurship and entice businesses and non-residents to establish technological businesses.
• To enhance the development of research and development facilities in Kerala's engineering colleges and other institutions to enable them to engage in cutting-edge research in advanced technology.
• To stimulate and facilitate production units in conducting ongoing research to create new goods and services.
• To develop ideas into a product or service using advanced technology solutions.
• To establish the market for research outputs.
• To assist a novice entrepreneur to develop their product in accordance with market demands and requirements.
• To foster and nurture an experienced entrepreneur’s or business entrepreneur’s research results.
• To create employment / revenue generation / export possibilities through development of new technology-oriented products.
Technology Business incubator (TBI) is an entity, which helps technology-based start-up businesses with all the necessary resources/support that the start-up needs to evolve and grow into a mature business. The primary goal of a business incubator is to facilitate economic development by improving survival and growth of new entrepreneurial units
Technology Business Incubator at SCET, Thrissur is planning to provide a steppingstone to budding entrepreneurs who wish to enter the field of technology-based business careers. In the Technology Business Incubator (TBI) innovative ideas can be translated into a product or service utilising advanced technological solutions. This innovation centre is established to provide all the assistance needed to make business endeavours successful.