BMS INNOVATION CENTRE AND ENTREPRENEURSHIP PARK (BICEP)

What BMS INNOVATION CENTRE AND ENTREPRENEURSHIP PARK (BICEP) does

BMS Innovation Centre and Entrepreneurship Park (BICEP) is an institutional incubation center established by BMS Institute of Technology and Management (BMSIT&M) at the BMSIT&M campus in Yelahanka, Bengaluru, Karnataka. It was founded in 2023 with the stated objective of encouraging BMSIT&M students and faculty to develop innovation-driven enterprises, and has facilitated mentoring, training, ecosystem access, and prototyping support for 20+ students to date. BICEP is recognized and approved by the Ministry of MSME, Government of India as a Host Institute to set up a Business Incubator.

BICEP's offering bundles physical workspace, mentor matching (faculty and industry mentors), training programs (ideation, business planning, entrepreneurship, marketing, business communication, intellectual property, idea pitching), seed funding up to 1 Lakh per incubatee, and access to BMSIT&M's R&D laboratories across 13 academic departments (AIML, CIVIL, CSE, ISE, ECE, EEE, ME, ETE, MBA, MCA, MATHS, PHYSICS, CHEMISTRY) along with a library containing 2,000+ books. The center also provides introductions to venture capitalists, angel networks, and bankers as part of its funding assistance. The mentors panel, faculty coordinator pages, and startup community pages are still being populated, indicating the center is in active build-out phase.

BICEP's revenue mechanics are not commercial. Its two documented streams are: (1) a mandatory minimum 1% equity grant from incubated companies to faculty mentors and to industry mentors (within six months of joining) as consideration for mentorship; and (2) seed loans and grants up to 1 Lakh, distributed subject to availability of MSME/government scheme funds. Revenue is not publicly disclosed. The center has no independent legal ownership structure, no external investors, no funding rounds, and operates as an extension of its parent academic institution, with a headquarters at Lab Block, BMSIT, Yelahanka, Bangalore 560064.

Name

BMS INNOVATION CENTRE AND ENTREPRENEURSHIP PARK (BICEP)

Legal name

BMS Innovation Centre and Entrepreneurship Park (BICEP)

Website

https://bicep.bmsit.ac.in

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

BICEP is an institutional on-campus incubation center at BMSIT&M in Bengaluru that provides BMSIT&M students and faculty with mentorship, seed funding, workspace, and access to university R&D labs to develop innovation-driven startups. It is recognized by the Ministry of MSME as a Host Institute Business Incubator.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Colleges, Universities, and Professional Schools (6113), Grantmaking and Giving Services (81321)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Youth Business Incubators & Accelerators (EDAMAHAC)

akta.pro secondary industry

Entrepreneurship, Startup Incubation & Pitch Programs (EDAMAKAK)

Keywords

• Startup incubation services
• Entrepreneurship development
• Seed funding programs
• Business mentoring services
• Academic innovation support

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Equity sharing: Incubated companies are required to offer minimum 1% of share equity to faculty mentors as consideration for mentorship. Similarly, companies opting for industry mentors must offer minimum 1% equity.
2. Seed loan and grants: BMSIT Incubation Centre may provide seed loan subject to availability of funds/grants/schemes. Cash support up to 1 Lakh and grants support advisory from various funding services are offered. Venture/Angel Network Support is also provided.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

BICEP is an institutional startup incubation centre that supports student and faculty entrepreneurs with structured mentorship (business planning, sales & marketing, branding), seed loans of up to 1 Lakh, equity-aligned industry and faculty mentor matching, on-campus workspace, R&D laboratory and workshop access across 13 BMSIT&M departments, library resources (2,000+ books), and training programs in ideation, entrepreneurship, IP, and idea pitching. Its recognised status as a Ministry of MSME Host Institute Business Incubator enables grant facilitation and connections to venture and angel networks for early-stage ventures.

Product overview

BICEP (BMS Innovation Centre and Entrepreneurship Park) is a single, unified incubation centre offering end-to-end startup support services. The core offering provides students and faculty at BMSIT&M with access to mentorship programs (business planning, sales & marketing, branding), funding support (seed loans up to 1 Lakh, grants, venture/angel network connections), and infrastructure (workspace, library access with 2000+ books, technical support, R&D laboratories, workshops, and testing facilities). The centre also offers training in ideation, business planning, entrepreneurship, marketing, business communication, intellectual property, and idea pitching. Recognized and approved as a Host Institute Business Incubator by Ministry of MSME, Govt. of India.

Differentiator

Problem solved

Functional benefit

Products and services

• BICEP Incubation Centre Comprehensive on-campus startup incubation programme offering mentorship (business planning, sales & marketing, branding), seed funding of up to 1 Lakh, workspace access, R&D laboratory and workshop facilities across BMSIT&M's departments, library resources, training in ideation, business planning, IP, and pitching, and connections to venture/angel networks. Targeted at BMSIT&M students, faculty, and early-stage startups seeking structured support to develop innovation-driven enterprises.

Quantifiable outcome

• 20+ Students facilitated with mentoring, training, ecosystem access, and prototyping support

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Ministry of MSME, Govt. of IndiacoreStrategic or Co-development PartnerBICEP has been recognized and approved as the Host Institute to setup Business Incubator (BI) by Ministry of MSME, Govt. of India. This recognition enables the center to receive support and grants for promoting entrepreneurship and innovation-driven enterprises among students and faculty.
• BMSIT&M (BMS Institute of Technology and Management)coreStrategic or Co-development PartnerBICEP is established by BMSIT&M and is housed within the campus. The parent institution provides technical infrastructure including laboratories, computing resources, library access, and faculty expertise for supporting incubated startups.
• Industry MentorsminorStrategic or Co-development PartnerBICEP has created a database of industry mentors. Every company incubated at BIC may select one industry mentor within six months from the date of joining. Companies offering industry mentorship must provide minimum 1% equity to the mentor.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• SINE (Society for Innovation and Entrepreneurship) - IIT Bombay: SINE is a deep-tech business incubator housed inside IIT Bombay, providing startups with lab access, mentorship, seed funding, and industry connects. Directly comparable to BICEP as both are university-embedded tech incubators operating the same model in India.
• NSRCEL - IIM Bangalore: NSRCEL is the startup incubation and entrepreneurship centre of IIM Bangalore, located in the same city as BICEP. It runs incubation, acceleration, and seed programs targeting student and external founders with mentorship and investor access — a directly comparable institutional model.
• V-Excel Technologies / VIT TBI: VIT's Technology Business Incubator supports student startups from VIT with seed funding and mentorship. Comparable as a tier-1 private university incubation center using the host-institute model approved by government of India.
• IIIT Bangalore - iCMIT: IIIT-Bangalore's innovation and incubation activities support student and faculty startups in the same Bangalore ecosystem with technical infrastructure access. Operates the same type of on-campus university incubation as BICEP.
• CIIE.CO - IIM Ahmedabad: CIIE is the technology business incubator at IIM Ahmedabad focused on early-stage tech and impact startups. Same university-incubator model with mentorship, seed funding, and equity-style engagements, making it a clear direct peer.
• Manipal University - MU Incubator: Manipal's on-campus startup incubation supports students and faculty with workspace, mentorship, and funding. Directly comparable in form (university-affiliated incubator for student/faculty founders) even though operating in a different city.
• IIT Madras Incubation Cell (RTBI): RTBI at IIT Madras supports deep-tech ventures sourced from IIT Madras students/faculty, providing lab infrastructure and seed funding. Strong overlap with BICEP's faculty-as-mentor, lab-driven incubation approach.

Broad incumbents

• SIDBI Innovation and Incubation Centre (SIIC): SIDBI-backed incubators across IITs and other institutions provide seed funding and incubation aligned with India's MSME and startup missions. Operates the same institutional-incubator-with-seed-support model at scale.
• T-Hub Hyderabad: T-Hub is one of India's largest startup incubators, with broader scope and larger capital pool than BICEP. Comparable as an Indian institutional incubator even though it operates at significantly larger scale and serves external founders rather than only its parent institution.
• Atal Incubation Centre (AIC) program: AIM's Atal Incubation Centres are government-supported incubators across India providing grants, mentorship, and infrastructure to startups. BICEP's MSME Host Institute status overlaps with AIM's government-incubator framework, making it a broader policy competitor and peer.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/bms-innovation-centre-andentrepreneurship-park-bicep

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BMS INNOVATION CENTRE AND ENTREPRENEURSHIP PARK (BICEP)