```
Business Incubator
The Business Incubator at Hi-Tech Institute of Engineering & Technology, Ghaziabad has been established under the sponsorship of the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India through the scheme "Support for Entrepreneurial and Managerial Development of SMEs through Incubators" implemented by DCMSME.
The Business Incubator is governed by a Technical Advisory Board (TAB) comprising industrialists, venture capitalists, technical specialists, and management experts. The centre provides entrepreneurs with modern infrastructure, technical guidance, business mentoring, and advisory support to transform innovative ideas into successful ventures.
Mission
To create entrepreneurial spirit among scientists, researchers, engineers, students, and society at large by promoting technology-based start-up companies that contribute to the economic development of the nation.
Objectives
- Identify and support potential entrepreneurs with viable business plans.
- Provide managed workspace for start-ups.
- Offer technical assistance for process, technology, and product development.
- Reduce dependence on imported products through indigenous innovation.
- Provide technical consultancy services to ensure market acceptance.
Areas of Expertise
The Business Incubator primarily supports innovation in the following disciplines:
- Mechanical Engineering
- Civil Engineering
- Electrical & Electronics Engineering
- Electronics & Communication Engineering
- Computer Science Engineering
- Information Technology
With India's rapid industrial, agricultural, and healthcare growth, the Business Incubator encourages innovators and entrepreneurs to establish technology-driven businesses by providing one of the most supportive entrepreneurial ecosystems.
Who Can Apply?
- Scientists, Researchers and Engineers with innovative products
- Start-up and Early Stage Companies
- Students with innovative business ideas
- Professionals planning technology-based start-ups
- Foreign Companies and NRIs with innovative business concepts
Facilities Available
Technology Consultancy
Assistance in identifying, evaluating and implementing appropriate technologies and technical know-how.
Business Facilitation
Support through pre-feasibility studies, project appraisal, market research and techno-economic analysis.
Training
Training programmes in Entrepreneurship Development, technical specialization, business management and related fields based on the entrepreneur's requirements.
Infrastructure
Ready-to-use office space with furniture, internet connectivity, networking, meeting rooms, office support, printing, photocopying and other common facilities.
Library Facility
Entrepreneurs are permitted to use the institute's library and academic resources.
Technical Support
Faculty members of HIET provide technical, managerial and business mentoring throughout the incubation process.
Additional Benefits
- Excellent institutional brand image
- Networking with national and international technical institutions and incubators
- Ready-to-use infrastructure at concessional rates
- Strong institutional support from the management
- Guidance from an experienced Governing Body and Advisory Committee comprising industry, finance, management and academic experts