IIT Bhubaneswar Research and Entrepreneurship Park

What IIT Bhubaneswar Research and Entrepreneurship Park does

IIT Bhubaneswar Research and Entrepreneurship Park (IITBBS REP) is a Section 8 / academic non-profit incubation center established in 2017 as an integral unit of IIT Bhubaneswar, operating under the Institutes of Technology Act and recognized by the Ministry of Education. It runs a 60,000 sq. ft. facility at the IIT Bhubaneswar Arugul campus providing physical infrastructure (incubation centers, networking spaces, specialized labs including VARCoE for vehicle/automotive research and the CRIF Facility), mentoring from a network of 100+ mentors, funding facilitation, and industry-connect programming for early-stage startups. Its flagship initiative, 100 CUBE (launched February 2024), targets nurturing 100 Odisha startups each valued at Rs. 100 Crore by 2036.

The park operates a layered product portfolio: an open Incubation Program and the TomorrowLAB Accelerator for early-stage ventures; a calendar of government-anchored hackathons (MSME Idea Hackathon 4.0/5.0/6.0, YUKTI Innovation Challenge, ReFlow Menstrual Health Innovation Hackathon); a paid executive education stack covering EV technologies (Professional Diploma in e-Drives and Battery Systems, Advanced Certificate in ePowertrain & Batteries, Certificate Program in EV Model-Based Engineering) and Digital Marketing with AI; social-impact programs (MHH Conclave, Project CARE with Saukhyam Foundation); and corporate training initiatives (Maruti Suzuki Nurture Program Cohort 4, SIDBI Industrial Engineering Program, G.E.T. Capacity Building with IMFA).

The business model is hybrid and primarily grant-funded. Revenue streams include Ministry of MSME and SIDBI program funding (with MSME Idea Hackathon grants up to Rs. 15 lakhs per approved idea flowing through REP as Host Institution), corporate sponsorships (Maruti Suzuki), state-government support via Startup Odisha, registration fees for executive programs (e.g., Rs. 45,000 for the Open Innovation Workshop), and MoE Innovation Cell partnership revenues via the YUKTI platform. Customer segments are early-stage startups, IIT Bhubaneswar students and faculty, MSMEs, social entrepreneurs, and school children exposed to entrepreneurship via the 100 CUBE school outreach track. The entity employs 14 people, operates solely within India, and carries no external private equity or venture capital ownership per disclosed information.

Name

IIT Bhubaneswar Research and Entrepreneurship Park

Legal name

IIT Bhubaneswar – Research and Entrepreneurship Park

Website

https://rep.iitbbs.ac.in

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

IIT Bhubaneswar Research and Entrepreneurship Park is a government-backed academic incubation center established in 2017 that supports early-stage startups, students, faculty entrepreneurs, and MSMEs through a 60,000 sq. ft. facility, mentoring, funding facilitation, and programs including the 100 CUBE Initiative and TomorrowLAB Accelerator.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Research and Development in the Physical, Engineering, and Life Sciences (54171)

akta.pro primary industry

Technical Universities with Entrepreneurship & Incubation Focus (EDAHAEAH)

akta.pro secondary industries

Youth Business Incubators & Accelerators (EDAMAHAC), Entrepreneurship, Innovation & Venture Creation Centers (EDAHAHAH)

Keywords

• Startup incubation services
• Entrepreneurship support programs
• Technology incubation infrastructure
• Innovation park operations
• Executive education programs

Headquarters

HQ city

Bhubaneswar

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Incubation Services: Provides incubation support including office space, mentoring, technical guidance, funding facilitation, industry connect, and market access to early-stage startups. Revenue generated through government grants, corporate sponsorships, and program fees.
2. Executive Education and Training Programs: Conducts paid executive programs and workshops such as the Open Innovation Workshop (Rs. 45,000 registration fee), Professional Diploma Programme in e-Drives and Battery Systems, Executive Programme in Digital Marketing with AI, and SIDBI Industrial Engineering Program. Revenue generated through participant registration fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

IIT Bhubaneswar Research and Entrepreneurship Park (IITBBS REP) operates a 60,000 sq. ft. innovation hub and incubation center that nurtures early-stage startups through office space, mentoring, funding facilitation, technical guidance, and industry connections. It also runs executive education and professional diploma programs in electric mobility and digital marketing, alongside flagship hackathons and conclaves addressing technology, MSME innovation, and social entrepreneurship.

Product overview

IIT Bhubaneswar Research and Entrepreneurship Park (REP) is a dynamic innovation hub and incubator established in 2017 that supports early-stage startups and research across technology, engineering, and social entrepreneurship. Spanning 60,000 square feet, it offers a comprehensive ecosystem including the Incubation Program, TomorrowLAB Accelerator, and the flagship 100 CUBE Initiative (aiming to nurture 100 startups worth Rs. 100 Crore by 2036). REP provides professional education programs in electric mobility (e-Drives and Battery Systems, ePowertrain, EV Model-Based Engineering) and digital marketing with AI. Its innovation programs include multiple MSME Idea Hackathons, the YUKTI Innovation Challenge, ReFlow Menstrual Health Innovation Hackathon, and Open Innovation Workshops. The park also runs social initiatives including the MHH Conclave and Project CARE for menstrual health awareness. All offerings are supported by Centers of Excellence, mentoring networks, funding facilitation, and industry partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• 100 CUBE: Initiative to create 100 Odisha Start-ups each worth 100 Crores by 2036 as Odisha celebrates its 100th Anniversary
• Project CARE
• ReFlow
• MHH Conclave

Products and services

• Incubation Program Comprehensive incubation services for early-stage startups offering office space, seed funding facilitation, technical support, mentorship in business strategy/marketing/legal issues, networking events, and access to venture capital and angel investors. Targeted at founders of technology, engineering, and social entrepreneurship ventures.
• TomorrowLAB Accelerator Program Accelerator program that supports emerging startups with mentorship, industry access, and strategic guidance to accelerate innovation and growth.
• Executive Programme in Digital Marketing with AI Industry-focused executive programme combining digital marketing expertise with AI-driven tools and analytics to enable smarter, data-backed marketing strategies for working professionals and corporate participants.
• Professional Diploma Programme in e-Drives and Battery Systems Comprehensive diploma programme focused on e-drive technologies and advanced battery systems, equipping participants with skills required for the evolving electric mobility ecosystem.
• Advanced Certificate in ePowertrain & Batteries Advanced certificate programme covering e-powertrain technologies and battery systems for electric mobility applications, providing specialized technical training to engineers and industry professionals.
• Certificate Program in EV Model-Based Engineering Certificate programme in model-based engineering for electric vehicles, providing specialized technical training for automotive and EV engineering professionals.
• G.E.T. Capacity Building Program with IMFA Collaborative capacity-building initiative with IMFA aimed at strengthening technical skills and industry preparedness among graduate engineer trainees.
• Industrial Engineering Program under SIDBI CIP Structured industrial engineering initiative under SIDBI CIP aimed at improving productivity, operational efficiency, and competitiveness of cluster-based industries.
• MSME Idea Hackathon 6.0 National innovation challenge under Ministry of MSME aligned with Viksit Bharat @2047 vision, supporting aspiring entrepreneurs in converting impactful ideas into viable MSME businesses through mentorship, industry collaboration, and incubation support. Financial assistance up to Rs. 15 lakhs per approved idea.
• MSME Idea Hackathon 5.0 National innovation challenge focused on themes including low-carbon technologies, cyber defense, Industry 4.0 & 5.0 adoption, coastal and hilly area sustainability, and smart supply chains, with funding support up to Rs. 15 lakhs for approved ideas.
• MSME Idea Hackathon 4.0 National innovation challenge targeting young innovators aged 18-35 with funding support up to Rs. 15 lakhs for themes including PM Vishwakarma trades, frontier technology, export enhancement, and sustainable development.
• ReFlow: Menstrual Health Innovation Hackathon 2025 Innovation hackathon with themes including Menstrual Health as a Livelihood, Menstrual Health and Faith, Reusable Menstrual Products, Online Awareness Campaigns, and IoT Solutions, with prizes up to Rs. 50,000. Targeted at innovators and entrepreneurs working on menstrual health solutions.
• YUKTI Innovation Challenge (YIC) Flagship initiative by Ministry of Education's Innovation Cell providing a platform for eligible innovators with technology-based solutions at TRL 4 and above, offering connections to investors, incubation support, and financial assistance.
• Open Innovation Workshop Collaborative two-day workshop empowering participants to generate, validate, and develop innovative solutions through hands-on activities and industry mentoring. Registration fee is Rs. 45,000 per participant, targeted at corporate leaders.
• Facilities and Incubation Support Modern 60,000 sq. ft. facilities and end-to-end incubation support including laboratories, networking spaces, mentoring, and industry connections to enable startups and innovators to grow successfully. Includes access to VARCoE and CRIF specialized laboratories.

Quantifiable outcome

• 100+ startups incubated under various programs
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

19 partnerships are on record, tiered core and minor.

• Saukhyam FoundationcoreStrategic or Co-development Partner · 28 May 2025MoU signed for implementing Project CARE (Campus Action for Reusable Essentials) to promote reusable menstrual products. Partnership launched on Menstrual Hygiene Day with distribution of eco-friendly pads to underserved communities.
• AIIMS DelhicoreStrategic or Co-development PartnerMoU signed between IITBBS REP and AIIMS Delhi to drive innovation in healthcare training and mental health education. Collaborative initiative includes AI-driven mental health programs and gamified training for doctors.
• UNICEF IndiacoreStrategic or Co-development PartnerCollaboration for Menstrual Health & Hygiene Conclave and ReFlow Hackathon series. UNICEF provides ecosystem partnership, thematic expertise, and recognition for menstrual health innovations.
• ActionLab 2050 FoundationcoreStrategic or Co-development PartnerPartner in MHH Conclave bringing expertise in menstrual health advocacy and community engagement for the multi-stakeholder initiative.
• Odisha Menstrual Health and Hygiene AlliancecoreStrategic or Co-development PartnerCollaborative alliance for MHH Conclave focused on advancing menstrual health equity in Odisha through cross-sector dialogue and policy advocacy.
• AIIMS BhubaneswarcoreStrategic or Co-development PartnerHealthcare partner for MHH Conclave bringing gynecological expertise and public health perspective to menstrual health discussions.
• VARCoE (VARCoE IIT Bhubaneswar Lab)coreTechnology or IntegrationVehicle Research and Automotive Centre of Excellence providing specialized laboratory facilities for startups working on EV and automotive technologies.
• Entrepreneurship Development Institute of India (EDI)coreStrategic or Co-development PartnerCollaborated with EDI and Ministry of MSME to organize intensive programs on Data-Driven Decision Making for entrepreneurs.
• IIMC (Indian Institute of Management Calcutta)minorStrategic or Co-development PartnerMoU for management education and startup mentorship collaboration.
• LA (Legal Accountability)minorStrategic or Co-development PartnerPartnership for legal guidance and startup compliance support.
• AIC-SOA (AIC-SOA University)minorStrategic or Co-development PartnerCollaboration with Siksha 'O' Anusandhan University for startup ecosystem development.
• ESCminorStrategic or Co-development PartnerPartnership for ecosystem development and startup support activities.
• Maruti Suzuki IndiacoreStrategic or Co-development PartnerMaruti Suzuki Nurture Program Cohort 4 conducted at IIT Bhubaneswar supporting automotive innovation and startup development.
• SIDBIcoreStrategic or Co-development PartnerIndustrial Engineering Program under SIDBI CIP aimed at improving productivity, operational efficiency, and competitiveness of cluster-based industries.
• STPIminorStrategic or Co-development PartnerSoftware Technology Parks of India - ecosystem partner for technology startups and IoT solutions.
• Startup OdishacoreStrategic or Co-development PartnerState government initiative partner supporting Odisha startup ecosystem development and 100 Cube initiative.
• Startup IndiaminorStrategic or Co-development PartnerNational startup initiative partner providing access to DPIIT registration and startup benefits.
• Ministry of MSMEcoreStrategic or Co-development PartnerHost Institution for MSME Idea Hackathon series providing funding support up to Rs. 15 lakhs per approved idea through Ministry's scheme.
• Ministry of Education Innovation CellcoreStrategic or Co-development PartnerIIC institution hosting YUKTI Innovation Challenge - national platform for recognizing and nurturing academic innovations with 184,000+ ideas registered.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• IIM Calcutta Innovation Park (IIMCIP): Academic-anchored innovation park operating incubation and accelerator programs; comparable in scope, partner ecosystem structure, and government initiative participation.
• SINE (Society for Innovation and Entrepreneurship), IIT Bombay: IIT Bombay's technology business incubator; operates the most established academic-incubator model in India, deeply comparable to IITBBS REP in target founders, sector breadth (deep-tech), and IIT-affiliated value proposition.
• IIT Madras Incubation Cell (IITMIC): Incubation cell at IIT Madras, one of the largest and most active IIT incubators in India with deep-tech focus; comparable in mission, academic anchoring, and incubation process design.
• SIDBI Innovation and Incubation Centre (SIIC), IIT Kanpur: IIT Kanpur's startup incubation and innovation centre with SIDBI backing; highly comparable given the parallel role of SIDBI and government scheme partnerships seen at IITBBS REP.
• Foundation for Innovation and Technology Transfer (FITT), IIT Delhi: IIT Delhi's industry interface and incubation arm hosting TBI programs; directly comparable as an IIT-affiliated incubator supporting technology commercialization and startup creation in a national institute of technology.
• CIIE, IIM Ahmedabad: Academic-affiliated (IIM-A) technology and social enterprise incubator with grant/funding facilitation; closely comparable to REP's incubation-plus-grant facilitation model.

Emerging players

• Villgro: India's earliest impact-focused incubator/venture philanthropy firm; relevant as a peer in social enterprise and healthcare incubation (e.g., menstrual health overlap) with a much longer track record but smaller portfolio.

Broad incumbents

• T-Hub, Hyderabad: Largest India-based innovation hub and incubator (state-backed); while much larger and more commercial, T-Hub is broadly comparable as a state/national flagship incubator with similar government partnership and mentoring models.
• Atal Incubation Centre (AIC) network: NITI Aayog/AIM-managed national network of academic-anchored incubation centres; directly comparable government-funded academic incubation infrastructure competing for the same MSME and MSID schemes.

Regional players

• Startup Odisha: State government nodal agency for the Odisha startup ecosystem — a key partner of IITBBS REP — and a regional comparable that sets overlapping policy, grant, and incubator-support frameworks in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IITBBSRREP
• Facebookfacebook.com/iitbbsrrep
• LinkedInlinkedin.com/company/iitbbsrep
• Instagraminstagram.com/projectperiod_mhh

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

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 IIT Bhubaneswar Research and Entrepreneurship Park