More than 15,000 students graduate every year from various Manipal Academy of Higher Education programs and a large number of them dream of being entrepreneurs.
The Manipal Universal Technology Business Incubator (MUTBI) helps them realise their dreams; it offers support and mentoring during the first three critical years of a start-up. It also provides resources and arranges for funds from various agencies and facilitates support services like marketing, financial and legal services.
It is in synergy with our vision of providing an ecosystem for the creation of knowledge and wealth for the greater good. It has also been established with a view to boosting networking among academic and R&D institutions, industries and financial institutions.
MUTBI is one of the 54 TBIs funded by the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India, it was set up in 2010 and its thrust areas are Information Technology (IT) in Healthcare, Agriculture, Renewable Energy and Energy Conservation Systems, and MEMS/Nanotechnology.
Some products MUTBI has helped develop are practice-based learning model for secondary schools, 3D Printers, and paper pens and pencils. Product prototypes have been developed for a low cost water generator, low cost telescope, low cost dental implants and a software for cloud enabled environment monitoring system for health system.
MUTBI encourages startups of the Manipal Group institutions and people of the region. Based on an evaluation process carried out by the Committee members, a start-up can gain admission in MUTBI for a period of three years.
Assistance is given to applicants in the preparation of business plans and putting together other necessary documents and the selection process consists of three rounds of presentations and discussions of the business plan and other details.
All students and alumni of Manipal Academy of Higher Education Group institutes, students of selected engineering and management colleges of Karnataka are eligible for applying to MUTBI.
Support is provided for physical infrastructure like office space, personal computers and internet connectivity as well as common infrastructure like conference rooms and teleconferencing facilities.
In addition to physical and common infrastructure the company can avail other services like the network of mentors and experts. The incubator also organises events and meetings with industry leaders, to facilitate networking of companies so that they may showcase their technologies.
The incubator also facilitates access to the MIT laboratories for product development purposes.
Some start-ups that have been aided by MUTBI
Varada Vijay Raghav and Rohit Asil: Fracktal Works Pvt. Ltd. (www.fracktal.in)
Dr Kumar Siddharth and Dr Divya Mishra: Optiqur Oral Healthcare
Vatsal Ambastha and Priti Ambastha: Firexit Software Pvt. Ltd.
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