Incubation Centre IIT Patna
Incubation Centre IIT Patna is a government-funded technology business incubator at IIT Patna's campus in Bihta, Bihar. It supports early-stage startups in Electronic System Design, Manufacturing, and Medical Electronics through equity-based incubation, seed funding, and specialized laboratory facilities.
- Company typePrivate
- Founded2014
- HeadquartersBihta, India
- Headcount—
- GTM typeB2B
- OfferingServices
What Incubation Centre IIT Patna does
Incubation Centre IIT Patna (IC IITP) is a technology business incubator established in December 2014 as a registered society (Reg. No. 987, 2015-16) within the 500+ acre IIT Patna campus in Bihta, Patna, Bihar, India. The organization operates across three primary technology domains: Electronic System Design and Manufacturing (ESDM), Medical Electronics, and Information and Communication Technology. It runs a 30,000 sq ft dedicated facility supplemented by a 10,000 sq ft BioNEST biotechnology facility, equipped with a Class 100 clean room (under construction), PCB design and fabrication lab, testing and calibration lab, 3D printing and mechanical packaging lab, ESDM lab, and a design and simulation lab running MATLAB, SolidWorks, JMAG, LabVIEW, and Proteus. The incubator was set up as a Make in India initiative backed by a INR 47.10 Crore project jointly funded by MeitY (47%) and the Government of Bihar (53%).
The incubator delivers services through a portfolio of interconnected programs: a core incubation program (5% equity stake for resident incubatees, 3% for non-resident), NIDHI-Prayas (up to Rs 10 lakhs prototype funding), NIDHI-EIR (INR 10,000-30,000 monthly fellowships), SISF (DPIIT-backed seed fund with up to Rs 50 lakhs via convertible debentures), GENESIS (MeitY deep-tech scheme with Rs 490 Crore, 5-year outlay), BioNEST-ICIITP (BIRAC biotechnology incubation), MedTech School (Rs 3,000-10,000 tiered training fees), EDPI (Entrepreneurship Development Program with Moonpreneur), and Ideathon events. Since inception, IC IITP has processed over 1,000 applications, supported 60+ startups, facilitated 25 patent filings, and enabled seed funding disbursements. Notable portfolio companies include Bionic Hope (prosthetic arm), 4Mirrortech Innovatives (IoT monitoring deployed at Bangalore Airport), Electro Curietech (cataract detection), CEIR Mobility (axial flux motors), Adiabatic Technologies (lithium-ion battery innovation), and VAGAA Motors (three-wheeled electric scooters).
IC IITP operates as a non-profit society rather than a revenue-generating commercial entity. Revenue mechanics combine 3-5% equity stakes in incubatees, nominal lab usage and consumables fees, training program charges, and ongoing government operational grants. The organization is governed by a council comprising IIT Patna, MeitY, Government of Bihar, industry, and academic representatives, led by Professor In-Charge Dr. Pramod Kumar Tiwari and General Manager Joseph P. Arackalan, supported by a core team of approximately 20 staff. Strategic partnerships anchor the value proposition: AIIMS Delhi and AIIMS Patna provide clinical validation for medical devices, Indian Angel Network supplies investor access, BIRAC funds biotech activities, CII drives industry networking, and MeitY/Bihar Government provide both funding and regulatory backing. Operations are concentrated in Eastern India with nationwide applicant sourcing, with explicit emphasis on Tier II and III city entrepreneurs under the GENESIS scheme.
Incubation Centre IIT Patna firmographics
Firmographics- Name
- Incubation Centre IIT Patna
- Legal name
- Incubation Centre IIT Patna Society
- Website
- https://iciitp.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Short description
- Incubation Centre IIT Patna is a government-funded technology business incubator at IIT Patna's campus in Bihta, Bihar. It supports early-stage startups in Electronic System Design, Manufacturing, and Medical Electronics through equity-based incubation, seed funding, and specialized laboratory facilities.
- Ownership category
- akta.pro rank
Incubation Centre IIT Patna industry classification
Industry- Product category
- Technology Business Incubation Services
- akta.pro primary industry
- Accelerators & Incubators (Investor-Operated) (FSANAAAM)
- akta.pro secondary industry
- Program & Project Implementation (TA Delivery) (BPADAEAA)
Keywords
Where Incubation Centre IIT Patna is headquartered
LocationHeadquarters
- HQ city
- Bihta
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Incubation Centre IIT Patna business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Equity Stake in Resident Incubatees: IC IITP takes 5% preference shares from resident incubatees as part of their equity-based revenue model. Additional charges include lab usage fees (only for consumables), Rs 20,000 refundable security deposit, and applicable rentals for dedicated office space.
- Equity Stake in Non-Resident Incubatees: Non-resident incubatees provide 3% preference shares with pay-per-use lab charges.
- Government Funding Support: INR 47.10 Crore project funded by Government of India (47%) and Government of Bihar (53%) under Make in India initiative. Operational expenses and lab equipment funded by MeitY; dedicated building, clean labs, and seed funds from Govt of Bihar.
- BioNEST Incubation Facilities: Affordable co-working space, meeting facilities, and lab access provided for biotech/life sciences startups under BIRAC-supported BioNEST program.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Resident Incubation - Full access with 5% equity stake |
| Hybrid | Multi-year contract | Non-Resident Incubation - Partial access with 3% equity stake |
| Freemium | Annual | Pre-Incubation Program - No charges |
| Subscription | Multi-year contract | NIDHI-Prayas Prototype Funding - Up to Rs 10 lakhs grant |
| Subscription | Monthly | NIDHI-EIR Fellowship - INR 10-30K per month for 12 months |
| Subscription | Multi-year contract | GENESIS EiR Funding - Up to INR 10 Lakh |
| One time/ perpetual license | Pay-as-you-go | MedTech School Course Fees |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
Incubation Centre IIT Patna product offering
Product offeringCore offering
Incubation Centre IIT Patna operates as a technology business incubator providing resident and non-resident incubation programs for early-stage startups in Electronic System Design and Manufacturing (ESDM), Medical Electronics, and ICT domains. Core offerings include state-of-the-art laboratory facilities (Clean Room, PCB Fabrication, Testing & Calibration, 3D Printing), seed funding, mentorship, co-working space, and access to government-backed funding schemes (NIDHI-PRAYAS, NIDHI-EIR, SISF, BioNEST, GENESIS).
Product overview
Incubation Centre IIT Patna operates as a multi-program technology business incubator with a focus on Electronics System Design and Manufacturing (ESDM) and Medical Electronics. The organization offers a portfolio of interconnected incubation programs: the core ICIIT Patna Incubation Program providing resident and non-resident incubation with seed funding and lab access; specialized funding schemes including NIDHI-PRAYAS (prototype development), NIDHI-EIR (entrepreneurship fellowships), SISF (DPIIT seed fund), and GENESIS (MeitY deep-tech funding); BioNEST-ICIITP for biotechnology and life sciences startups; educational programs including MedTech School, EDPI, and Ideathon events; plus extensive laboratory facilities spanning PCB fabrication, clean room operations, testing/calibration, 3D printing, and design simulation. The portfolio is anchored by 60+ supported startups across healthcare, IoT, robotics, and industrial automation sectors, with MeitY and Bihar government as primary funding partners.
Differentiator
Problem solved
Functional benefit
Brands
- BioNEST-ICIITP: A biotechnology and life sciences incubation program supported by BIRAC, focusing on biosignal processing, medical imaging, biomedical devices, and diagnostics.
Products and services
- ICIIT Patna Incubation Program Core incubation program offering resident incubation (5% equity stake, free equipment and manpower, pay consumables, Rs 20,000 refundable deposit) and non-resident incubation (3% equity, pay-per-use lab access) for ESDM and Medical Electronics startups, with mentorship, seed funding, office space, and lab access.
- NIDHI-PRAYAS Scheme
Quantifiable outcome
- 100+ startups supported since inception
- +3 more outcomes
Companies that use Incubation Centre IIT Patna
Customer profileNamed customers10 records
Segments5 records
Ideal customer profiles2 records
Incubation Centre IIT Patna technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Incubation Centre IIT Patna partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, minor and moderate.
- Biodesign Centre AIIMS Delhi and AIIMS PatnacorePartnership for design and validation support of medical devices developed by IC IITP startups. Critical for clinical validation of medical electronics products.
- NEILIT Patna CentreminorNEILIT enables skill training and provides access to ESDM trained manpower for startup companies.
- Confederation of Indian Industry (CII)moderateCII brings governance support, entrepreneurship events, and networking opportunities with industrialists and businessmen for IC IITP ecosystem.
- Department of Industries, Govt of BiharcoreIC is partner with Dept of Industries, Govt of Bihar in Bihar Startup Policy Implementation for nurturing entrepreneurship in the state.
- Department of Science and Technology, Govt of BiharmoderatePartnership with DST Bihar for promotion of innovation and entrepreneurship at community level across Bihar.
- Bihar State Electronics Development Corporation Ltd. (BELTRON)minorBELTRON collaborates with IC IITP as an agency of Bihar Government for electronics development initiatives.
- MoonpreneurmoderateSilicon Valley EdTech company (founded by IITians/IIMians) collaborating with IC IITP for Entrepreneurship Development Program cum Internship (EDPI).
- Central University of South Bihar, GayaminorCollaboration for Ideathon 2.0 event to identify and motivate potential life science startups under BioNEST program.
- Lifegraph Biomedical Instrumentation Pvt. LtdminorPartner providing certified training programs at Incubation Centre IIT Patna. Students trained by IIT Patna professors and product-based engineers with internship certificates.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
Incubation Centre IIT Patna competitors and assessment
Company assessmentBroad incumbents
- NSRCEL IIM Bangalore: Entrepreneurship and incubation centre at IIM Bangalore with deep-tech, MedTech, and social enterprise verticals. Comparable as academic-anchored, equity-based incubator with sector-focused programs; broader portfolio and Bengaluru ecosystem access.
- T-Hub Hyderabad: India's largest startup incubator, a Telangana state initiative — broader portfolio across multiple sectors, larger funding pools, and corporate partnerships. Comparable as a large-scale, government-supported technology incubator but operates at much greater scale and geographic scope than IC IITP.
- CIIE.CO IIM Ahmedabad: Centre for Innovation, Incubation and Entrepreneurship at IIM Ahmedabad — academic-backed, equity-based incubator with sector-focused programs and significant capital deployment. Comparable in equity model and academic anchoring but broader sector coverage and stronger investor network.
Direct peers
- IITMIC IIT Madras: IIT Madras Incubation Cell — IIT-hosted deep-tech and hardware incubator with strong lab infrastructure and government scheme participation. Directly comparable in mission (early-stage deep-tech startups), funding sources (MeitY, DST), and equity-based incubation model.
- FITT IIT Delhi: Foundation for Innovation and Technology Transfer at IIT Delhi — academic incubator running NIDHI-EIR, NIDHI-Prayas, and other DST-backed programs. Directly comparable structure: society-registered, IIT-hosted, multi-program portfolio, equity-based resident incubation.
- AIC IIT Roorkee: Atal Incubation Centre at IIT Roorkee — IIT-hosted, government-backed (NITI Aayog AIM) technology incubator with lab facilities and seed funding. Comparable structure as an academic-anchored, equity-based incubator running similar deep-tech and ESDM programs.
- SIIC IIT Kanpur: Startup Incubation and Innovation Centre at IIT Kanpur — IIT-hosted incubator focused on deep-tech and ESDM with seed fund and lab access. Comparable in academic anchoring, government scheme participation, and equity-based incubation model.
- SINE IIT Bombay: Society for Innovation and Entrepreneurship at IIT Bombay — premier academic technology business incubator with multi-domain lab facilities, seed funding, and MeitY-backed programs. Directly comparable as an IIT-hosted, government-supported incubator running similar NIDHI and MeitY schemes.
- iTIC Incubator IIT Hyderabad: iTIC at IIT Hyderabad — technology business incubator with deep-tech and product startups in electronics and MedTech. Comparable in academic anchoring, equity-based model, and lab-driven incubation for ESDM-domain founders.
Regional players
- KIIT-TBI Bhubaneswar: KIIT Technology Business Incubator in Odisha — regional Tier II/III-focused incubator running DST NIDHI schemes and MeitY programs. Comparable as a regional, Tier II/III city academic incubator with similar government scheme portfolio but in a different geographic footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Incubation Centre IIT Patna social profiles
Digital presenceIncubation Centre IIT Patna financial estimates
Financial estimateRevenue estimate
Valuation estimate
Incubation Centre IIT Patna leadership team
Management profileNumber of profiles
Profiles3 records
Incubation Centre IIT Patna funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Incubation Centre IIT Patna M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Incubation Centre IIT Patna
What does Incubation Centre IIT Patna do?
Incubation Centre IIT Patna operates as a technology business incubator providing resident and non-resident incubation programs for early-stage startups in Electronic System Design and Manufacturing (ESDM), Medical Electronics, and ICT domains. Core offerings include state-of-the-art laboratory facilities (Clean Room, PCB Fabrication, Testing & Calibration, 3D Printing), seed funding, mentorship, co-working space, and access to government-backed funding schemes (NIDHI-PRAYAS, NIDHI-EIR, SISF, BioNEST, GENESIS).
Is Incubation Centre IIT Patna a public or private company?
Incubation Centre IIT Patna is a private company. It is classified as corporate owned and is currently operating.
When was Incubation Centre IIT Patna founded?
Incubation Centre IIT Patna was founded in 2014.
Where is Incubation Centre IIT Patna based?
Incubation Centre IIT Patna is headquartered in Bihta, India, in the Asia region.
How does Incubation Centre IIT Patna make money?
Four revenue lines are on record. Equity Stake in Resident Incubatees are the primary driver. The others are equity Stake in Non-Resident Incubatees, government Funding Support and bioNEST Incubation Facilities.
Who are Incubation Centre IIT Patna's main competitors?
Broad incumbents on record are NSRCEL IIM Bangalore, T-Hub Hyderabad and CIIE.CO IIM Ahmedabad. Direct peers are IITMIC IIT Madras, FITT IIT Delhi, AIC IIT Roorkee, SIIC IIT Kanpur, SINE IIT Bombay and iTIC Incubator IIT Hyderabad. KIIT-TBI Bhubaneswar is listed as a regional player.
Does Incubation Centre IIT Patna have an API?
No public API is recorded for Incubation Centre IIT Patna.
What industry is Incubation Centre IIT Patna in?
Incubation Centre IIT Patna's product category is Technology Business Incubation Services. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated), with a secondary code of BPADAEAA, Program & Project Implementation (TA Delivery).