Innovation and Start-up Policy

About HBIC

HBIC is an initiative by HCAS to form a viable entrepreneurial linkage by involving Entrepreneurs, Startups, Students and Technology experts.We recognize interesting and potential entrepreneur and nurture innovative startup ideas for transformation into successful business entities.  Business Incubation Centre was instituted on 16/11/22 which is completely supported by our Management to abide technical startups by the passionate entrepreneurs. The thrust areas in Biotechnology, Microbiology, Computer science, media science, humanities and business studies are identified by the faculty members and mentoring the interested students to become an entrepreneurs.
 

Convener:

Dr. C. Elizabeth Rani, Associate Professor  & Head, Department of Biotechnology

Committee Members

• Dr.HepsibaFlosel, Dept of commerce
• Dr. Mary Immaculate, Dept. of Computer Science
• Dr. R.V. Prabhu, Dept. of Microbiology
• Dr.KunchariKalaimathi, Dept. of Biotechnology
• Mr. P. Jaiprakash, Dept of Social Work
• Mr. T. Saravanan, Dept.ofMaths
• Mrs. Illakia, Dept. Of English

National innovation and start-up policy (NISP)

Hindustan College of Arts & Science has joined the movement on implementing National innovation and start-up policy (NISP) under the guidance of the Ministry of Education Innovation Cell (MIC) and adopted the policy framed by MIC. The policy aims at promoting innovation and start-up culture among the students and faculty of Higher education institutes. A copy of the NISP document is given below;

https://nisp.mic.gov.in/

Mentors of Hindustan Business Incubation Centre ( HBIC)

The region has strong support for fostering entrepreneurship and here is the list of incubators in and around the regions

• Anna University Incubation Foundationhttps://www.annaincubator.org/

• IIT Madras incubation cellhttp://www.incubation.iitm.ac.in/home
• IITM Rural Technology Business Incubatorhttp://www.rtbi.in/
• IITM Healthcare Technology innovation centrehttps://htic.iitm.ac.in/mti/

The college also has abundance of equipment’s and instruments to support innovations. The list of equipment’s departmental wise is available below for your quick reference.

Equipment list:

Funding

IVP

Innovation Voucher Program

• Innovation Voucher Program is the Tamil Nadu Government’s flagship grant-in-aid scheme for supporting Start-ups and MSMEs.
• Companies working at innovative research can avail grant upto Rs.5 lakhs

Startup India Seed Fund Scheme

Startup India provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Eligible startups can apply for the scheme on the Startup India portal. Now Sathyabama Technology Business Incubator also facilitating the Startup India Seed Fund Scheme.

Eligibility for Startups

1. A Startup, recognized by DPIIT, Incorporated not more than 2 years ago at the time of application.
2. The Startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.
3. The startup should be using technology in it’s core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
4.  Preference would be given to startups creating innovative solutions in sectors such as social impact, waste management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defense, space, railways, oil and gas, textiles, etc.
5.  Startup should not have received more than Rs. 10 lakh of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facility
6.  Share holding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme as per Companies act, 2013 and SEBI (ICDR) Regulations,2018.
7.  A startup can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

Startup Company details

The knowledge of operating a campus company has enriched the skills to become their own boss. Today this HBIC supports 4 businesses operated by entrepreneurs from the current students as well as an alumnus of HCAS.

UDYAM MSME CERTIFICATES