GFID INDIA is a not-for-profit organization engaged in the activities of fostering and nurturing of entrepreneurs of all levels recognizing the importance of rapidly emerging technology and dissemination of information of crucial themes related to Entrepreneurship. In line with promoting entrepreneurship among youth, GFID INDIA provides hand holding support to incubators to provide incubation services and funding to high potential start-ups across different sectors.
Recognition of eligible institutions as Host Institute (HI) to set up Business incubator (BI).
Approval of Ideas of Incubatee of Host Institute.
Financial assistance up to 15 Lakh for nurturing of an Idea to HI.
Financial assistance up to 1.00 Cr. as Capital Support to HI for Plant and Machines.
Financial assistance up to 1.00 Cr. as SEED capital Support to deserving idea.
Awareness and workshop programme.
The Schemes has been launched in May, 2019 itself
Business Incubator at Hi-Tech Institute of Engineering & Technology, Ghaziabad is setup under the Sponsorship from Ministry of Micro, Small & Medium Enterprises (MSME), Govt. of India. Under
Support for Entrepreneurial and Managerial Development of SMEs: Through Incubators Scheme of DCMSME.
Business Incubator at Hi-Tech Institute of Engineering & Technology, Ghaziabad is governed by a Technical Advisory Board (TAB) consisting of industrialists, venture capitalists, technical specialists and managers. The incubator is established to help entrepreneurs in realizing their dreams through state of the art facility available at the institute, business advisory support, mentoring and technical services.
The mission of Business Incubator is to create entrepreneurial spirit amongst scientists, researchers or engineers and society at large. The promotion of technology-based start-up companies in the region will lead to maximize their impact on economic development of the country.
To identify & support potential entrepreneurs with a viable business plan,
To provide managed workspace
To provide technical assistance in the development of processes, technologies and products
To curtail the import burden by indigenization of imported products
Technical consultancy services to meet consumer acceptance.
Recent thrust areas in Mechanical, Civil and Electrical and Electronics Communication & Computer Science Engineering / Information technology. India has witnessed phenomenal growth in industry, agriculture, and healthcare sector. Average Indian has become more prosperous. Social security angle is also changing, new generation enjoy taking risk. Business Incubator welcomes all those who dare to risk for high return by setting up their own business based on cutting edge technologies. Business Incubator provides one of the most powerful entrepreneurial ecosystems to optimize the success of each entrepreneur joining the network.
We welcome entrepreneurs from various communities:
1.Scientists, researchers or engineers with product based innovations,
2.Start-up and early stage companies,
3.Students having bright ideas
4.Professionals with start-up Idea,
5.Foreign Companies/ NRIs with start-up ideas.
1. Technology Consultancy
2. Assistance in identification and evaluating the technology and know-how.
3. Business Facilitation
4. Pre-feasibility studies, Project appraisal, Market research and techno-economic studies.
5. Training: 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.
2. Ready to use state of art office space with furniture, connectivity, networking, office support and common facilities like meeting room, fax, copies etc.
3. Library: Also the entrepreneurs will be permitted to use the institute library.
4. Technical Support
5. Faculties of Hi-Tech will provide necessary technical as well as management support.
1. Excellent brand image
2. Effective networking with national and international technical institutions and incubators
3. Ready to use infrastructure at a concessional rate
4. Institutional Support from the top
5. An efficient Governing body and an advisory committee with industrial, financial management and institutional support.
1. Car Key Locator
2. Upstairs Climbing Portable Trolley
3. Diesel Theft Prevention System
4. Smart Shoes for Blinds
5. Smart Dustbin
The MSME- Business Incubation Centre of ITS Engineering College was initiated to provide a platform to assist and enable young entrepreneurs to initiate technology start-up companies for commercial exploitation of technologies developed by them. The MSME BI of ITS Engineering College also enables the budding entrepreneurs to showcase and test their abilities to run a start up business. The centre provides a range of resources that enables it to: Empower students, faculty and staff to pursue entrepreneurial achievements that improve people’s lives, drive the economy and help innovators bridge the gap between inventor and venture capitalist. Provide grants for students to pursue their own ideas for companies and products. Support, simplify and clarify student intellectual property transfer processes for students and the broader community. In view of the worldwide shortage of jobs (both government and private sectors) leading to unemployment problems and lack of proper utilization of human resources; the cell strives to identify talented youth to entrepreneurial works. The cell plans to organise various programmes for entrepreneurship development.
Assist prospective entrepreneurs in nurturing their technology ideas and promote successful corporate entity at pre-startup and startup stages
Promote innovation among budding engineers trained by the institution
To organize workshops participating successful entrepreneurs
Commercialize the ongoing research undertaken by various departments of ITS Engineering College
Spot and nurture entrepreneurial talents from among the students of ITS Engineering College.
To catalyse and promote development of S&T based Enterprises and promote employment opportunities
To act as a forum for industries and organizations to discuss, plan, develop and execute projects where they benefit from intellectual, instructional and hi-tech infrastructure of ITS Engineering College
Support for Entrepreneurial and Managerial Development of MSME through Incubators
scheme of MSME Govt. of India, students can get funding support up to maximum Rs. 15 Lakh per idea for prototype development from Govt.
of India through Business Incubation Centre.
Entrepreneurship Road Map & Guidelines for Students:
Come out with an innovative idea which is marketable. The Key ingredient of Entrepreneurship is
innovation which could signify any activity or procedure or product that is likely to be of use to society and therefore marketable in the long run.
Learn about the entrepreneurship development.
Participate in the entrepreneurship development program.
Form a Team with like minded and passionate candidates.
Identify faculty mentor to guide you.
Present your idea before BI Sub-Committee for approval at the college level.
If you get the approval from BI Sub-Committee then be ready for the next scheduled presentation of Ministry of Micro Small & Medium Enterprises(MSME).
If idea gets the approval for seed funding make use of the seed funding and Implement your business idea.
Technology and its rapid expansion impacts almost all sectors. Technology is also playing a major role with the MSME sector in adapting to the global economy also in nation building. The need for Business Incubators (BI) is essential to accelerate technologies from ideas to actual successful businesses and generate large scale opportunities for employment.
1.To adopt and continually maintain the latest technologies in manufacturing and knowledge-based innovative MSME ventures.
2.To support the MSMEs in expanding businesses in designing, applying strategy and execution.
3.To encourage, sustain and promote the untapped creativity of individuals.
All MSMEs registered under The Micro, Small and Medium Enterprises Development Act, 2006 as amended from time to time, and also MSMEs that are included as per the executive orders issued by the Office of DC (MSME) which is consistent with the MSME Act from time to time.
MSME-DIs/Technology Centres(TCs), DICs, Entrepreneurs Development Centres(EDCs), or any organization/institute of the Central/State Governments, NGOs involved in relevant activities, and Technical & Professional colleges, institutes and universities may apply to become a Host Institute and establish a Business Incubator.
Host Institutes registered in the previous scheme should re-register themselves.
North East Region institutes will be given preference for supporting Business Incubators.
Host Institutes and Business Incubators must encourage women/SC/ST candidates’ participation.
1.Host Institutes could submit proposals as per the format recommended by the concerned Implementing Agency. 2.After due diligence, Implementing Agency would forward the proposal with necessary recommendations to the National Monitoring & Implementing Unit. 3.The Evaluation Committee at the level of National Monitoring & Implementing Unit would consider and forward the deserving proposals to the Development Commissioner of the Ministry of MSME for approval. 4.Finally, Grant in Aid through shall be provided by the Government of India through the National Monitoring & Implementing Unit.
Support for Plant and Machinery To procure and instal the plant and machinery (including software and hardware), the Host Institute can be funded up to a maximum of 1 crore rupees in two instalments of 50 lakh rupees each. If the cost exceeds 1 crore, the remaining amount has to be met by the incubatee. The first instalment should be utilised within 6 months from the release of the fund, and the 2nd instalment will be released after 80% of 1st instalment is utilised and submission of relevant records. Support for nurturing and developing ideas The duration of the idea/project is preferably one year up to a maximum of 15 lakh rupees per idea. Funds would be released in two instalments. For MSMEs/others, the amount of contribution would be 15% of the total cost of the project. SEED Capital support fund for setting up of Startups Assistance up to 1 crore rupees to appropriate Incubatees will be provided. Financial assistance would be provided in the form of an interest-free loan, soft loan, grant, equity participation, or a combination of these, etc.
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