IIT Guwahati Technology Incubation Centre is inaugurated by Dr. R.P.Singh, Board of Governors, Indian Institute of Technology Guwahati today.
IIT GUWAHATI Technology Incubation Centre was inaugurated by Dr. R.P.Singh, Board of Governors,Indian Institute of Technology Guwahati on August, 27, 2010.
The ‘IIT Guwahati Technology Incubation Centre’ (IITG TIC), a society registered under the Registration of Societies Act XXI of 1860, has been set up to provide business support & technology transfer initiative for various sectors in the multidisciplinary areas of science & technology on behalf of Indian Institute of Technology Guwahati.The term “incubation” refers to the process of support which is needed to start-up enterprises for successful development. The aim is to produce successful firms that will leave the programme financially viable and independent, through Science and Technology interventions.The purpose of TIC is to incubate and materialize the conceptual ideas among the tudents and faculty members of IITG and other similar Institutions and transform these ideas into value added products in the commercial market.TIC will nurture nascent ventures by providing workspace and shared facilities along with focused counseling. In the TIC, the entrepreneurs can receive value added support and access to critical tools, information, education, contacts, resources and capital in the form of seed loan that may otherwise would have been unaffordable.Biswadip Barooah is the CEO of the Incubation Centre.