3.3.1

3.3.1 Institution has created an eco-system for innovations including Incubation centre and other initiatives for creation and transfer of knowledge

Response: Yes
HBTU, Kanpur alongside the Entrepreneurship Cell has established Incubation Hub with the aim to provide a channel by which students can access entrepreneurial resources and can share their ideas. Incubation Hub is dedicated to nourish new and small enterprises with the motive to work for all and with all as a single unit. Incubation Hub assists start-ups to convert their early-stage business into highly scalable, commercially viable business and envisions fostering an entrepreneur-friendly culture around academics & research. Incubation Hub works in parallel with the Entrepreneurship Cell to foster innovation, research, and entrepreneurial activities in technology-based areas. It provides a platform for start-ups by budding entrepreneurs and intrapreneurs to convert their innovative ideas into commercially viable prepositions. It also provides services related to patenting and commercialization.

Incubation Hub provides more freedom to incubators in decision making with less administrative hassles for executing the programs related to innovation, IPR and start-ups. Moreover, the incubators will have better accountability towards investors supporting the incubation facility. Incubation Hub, HBTU has developed comprehensive expertise to foster innovations at ideation stage businesses aiming to scale up. It aims to provide critical ingredients in setting technology-driven, multidisciplinary innovations across agriculture, healthcare, aerospace, energy, water, and education.

HBTU Incubation centre has created an innovative ecosystem in accord with vision of its founders, mentors and alumni. Accordingly, its mission is to provide small businesses with the following main services:

• To help in planning the start-up and translate the ideas into a great business plan.
• To launch the business and turn the business plan into a reality (register, file, and start doing business).
• To manage the budding start-up to master in day-to-day operations and achieve success.
• To grow the start-ups to a full-fledged business and help them in new funding, locations, and customers for expansion of the business.
• Creating a complete ecosystem will foster a culture of self-employment and innovation by providing training to the students.
• To provide a platform for budding entrepreneurs to pitch their ideas and connect them with potential investors to build a successful start-up.
• To conduct relevant seminars, workshops, and lectures by Alumni and subject experts to acquaint the students with strategies, insights, and knowledge required to become a successful entrepreneur.
• To provide ample mentorship opportunities for the budding entrepreneurs.

Few success stories of Incubation Hub are as follows:
1. A group of almost 20 students of III B.Tech worked up on an idea, successfully retrofitted an old condemned petrol bike and came out with RELECTRA (Retrofitted Electric Bike) which cost approximately 30-40 thousand rupees.
2. A student named Anurag Basu of II B.Tech Civil Engineering has developed “Thanda Bartan” (earthen fresh). Earthen Fresh is an evaporative cooler (made from clay, saw-dust and charcoal) that cools air through the evaporation of water in the space between the two pots wherein vegetables and fruits remain fresh up to 7 days.
A company under section 8, HBTU TBI foundation is also registered to incubate the startups.