VJTI TECHNOLOGY BUSINESS INCUBATOR

What VJTI TECHNOLOGY BUSINESS INCUBATOR does

VJTI Technology Business Incubator (VJTI-TBI) is a non-profit technology business incubator established in 2017 and hosted by Veermata Jijabai Technological Institute (VJTI) in Mumbai, India, with support from the Department of Science and Technology (DST), Government of India. The incubator focuses on early-stage technology startups operating in four verticals: Energy, Clean-Tech, Cyber Security, and Industrial IoT. Since founding, it has incubated 49 startups across multiple cohorts (with Cohort 7 currently active), developed 30+ products, and generated 10Cr+ in cumulative revenue across its portfolio.

VJTI-TBI's core offering is a structured, selection-based incubation program that bundles co-working space, conference rooms with LCD projectors, shared office infrastructure, a state-of-the-art prototyping laboratory, and testing infrastructure, alongside a service stack that includes mentorship programs, investor connect, entrepreneurship training, internship and recruitment support, legal and IP advisory, marketing support, and business and finance advisory. GTM is sales-led and selection-driven: startups apply through the website and are admitted into cohort-based cycles.

The business model rests on incubation program fees (subscription-style recurring) supplemented by grant funding from DST and contributions from corporate partners. VJTI-TBI has assembled a deep partner ecosystem across categories: corporate (LTIMindtree/AVISHKAR, L&T, Siemens, Cisco, Emerson), technology (NVIDIA, AWS Activate, MathWorks, SOLIDWORKS, Altair, MyOperator, Zoho), industry associations (IEEMA, IET, ISGF, IESA), financial (SIDBI Venture Capital), and media/ecosystem partners. The incubator operates a small core team of approximately 12 employees led by CEO Dr. Seema Mathew, with Dr. Faruk Kazi serving as Principal Investigator & Coordinator.

Name

VJTI TECHNOLOGY BUSINESS INCUBATOR

Legal name

VJTI TECHNOLOGY BUSINESS INCUBATOR

Website

https://vjti-tbi.in

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

VJTI Technology Business Incubator is a Mumbai-based non-profit tech incubator hosted by VJTI and supported by India's DST, running cohort-based incubation programs for early-stage startups in Energy, Clean-Tech, Cyber Security, and Industrial IoT, providing lab infrastructure, mentorship, and investor connections.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Incubation Program Fees: Revenue generated from incubation services including co-working space, conference rooms, shared office infrastructure, lab access, and business advisory services provided to startups
2. Startup Revenue: Revenue generated by incubated startups themselves - collectively generating 10Cr+ in revenue

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

VJTI Technology Business Incubator (VJTI-TBI) is a technology business incubator hosted at VJTI (Veermata Jijabai Technological Institute) in Mumbai that provides structured incubation services to early-stage technology startups. Its core offering combines mentorship programs, investor connections, entrepreneurship training, business and finance advisory, and shared infrastructure including co-working space and a state-of-the-art prototyping laboratory focused on Energy, Clean-Tech, Cyber Security, and Industrial IoT sectors.

Product overview

VJTI-TBI is a Technology Business Incubator operated by VJTI (Veermata Jijabai Technological Institute) in Mumbai, supported by DST (Department of Science and Technology). It is not a product company but rather an incubator platform that provides comprehensive support services to early-stage technology startups. The core offering consists of Incubation Services combining mentorship programs, investor connections, entrepreneurship training, and business advisory. Supporting infrastructure includes Co-working Spaces with shared office facilities and conference rooms, a Prototyping Laboratory for testing in Energy/Clean-Tech/Cyber Security/Industrial IoT domains, and Testing Infrastructure. The incubator focuses on startups in focus areas of Energy, Clean-Tech, Cyber Security, and Industrial IoT sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Incubation Services
• Co-working Space
• Prototyping Laboratory
• Testing Infrastructure

Quantifiable outcome

• 49 startups incubated
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Twelve partnerships are on record, tiered core.

• LTI (AVISHKAR Program)coreGTM or Marketing PartnerLTI (Larsen & Toubro Infotech) runs the AVISHKAR Program in partnership with VJTI-TBI, providing technology startups with mentorship, funding opportunities, and corporate exposure.
• Indian Electrical and Electronics Manufacturers' Association (IEEMA)coreStrategic or Co-development PartnerIEEMA partners with VJTI-TBI to support startups in the electrical and electronics sector, providing industry networking and business development opportunities.
• The Institution of Engineering and Technology (IET)coreStrategic or Co-development PartnerIET partners with VJTI-TBI to provide engineering startups with technical mentorship and industry recognition programs.
• AWS ActivatecoreTechnology or IntegrationAWS Activate program provides startups with cloud credits, technical support, and training to help them build and scale their technology solutions.
• MathWorks Accelerator ProgramcoreTechnology or IntegrationMathWorks provides MATLAB and Simulink software access through their Accelerator Program to support startups with simulation and modeling tools.
• SOLIDWORKScoreTechnology or IntegrationSOLIDWORKS provides 3D CAD software access to help startups with product design and prototyping.
• NVIDIAcoreTechnology or IntegrationTechnology partner providing GPU computing resources and AI/ML tools for startups working on advanced computing solutions.
• SiemenscoreTechnology or IntegrationCorporate technology partner supporting industrial IoT and automation startups with tools and mentorship.
• CiscocoreTechnology or IntegrationNetworking and cybersecurity technology partner for IoT and connectivity-focused startups.
• EmersoncoreTechnology or IntegrationIndustrial automation partner providing technology access for manufacturing and process optimization startups.
• L&T (Larsen & Toubro)coreStrategic or Co-development PartnerMajor corporate partner providing engineering and construction technology exposure for relevant startups.
• LTIMindtreecoreStrategic or Co-development PartnerIT services partner providing technology mentorship and potential business opportunities for startups.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• T-Hub: India's largest startup incubator based in Hyderabad, with a much broader mandate and larger scale than VJTI-TBI. Serves as a broader incumbent in the same category, though with significantly greater resources and pan-India reach.
• Atal Incubation Centres (AIC) — NITI Aayog: Government-backed network of incubators across India under the Atal Innovation Mission, providing funding, mentorship, and infrastructure to startups. A broader incumbent with similar DST-aligned mission but national footprint and significantly larger scale.

Direct peers

• CIIE.CO (IIM Ahmedabad): Innovation and entrepreneurship hub at IIM Ahmedabad offering incubation, acceleration, and investor connect for early-stage technology startups. Comparable in mandate and services, though more business-school oriented.
• Science and Technology Entrepreneurs' Park (STEP) — IIT Kharagpur: DST-supported technology business incubator at IIT Kharagpur offering prototyping facilities, mentorship, and corporate exposure for tech startups. Comparable in academic-incubator positioning and government backing.
• SINE (Society for Innovation and Entrepreneurship): Technology business incubator at IIT Bombay, Mumbai — same city and academic-tier model as VJTI-TBI. Supports deep-tech and engineering startups with similar services (mentorship, lab access, investor connect), making it the closest direct comparable.
• Forge (BITS Pilani): Technology business incubator at BITS Pilani supporting deep-tech and engineering startups with corporate partnerships and prototyping infrastructure. Comparable academic-incubator model targeting similar founder demographics.
• Venture Center (NCL Pune): Technology business incubator at the National Chemical Laboratory, Pune, focused on science and technology startups with prototyping labs and corporate partnerships. Comparable academic-incubator model with similar focus on engineering R&D.
• NSRCEL (IIT Bangalore): Premier technology and social entrepreneurship incubator at IIT Bangalore, providing mentorship, lab infrastructure, and investor connections to early-stage startups. Highly comparable academic-incubator model with greater national brand recognition.
• KIIT Technology Business Incubator (KIIT-TBI): Academic technology business incubator at KIIT University with similar services to VJTI-TBI including prototyping labs, mentoring, and corporate partnerships. Comparable scope, structure, and India-based academic-incubator positioning.
• IIT Madras Research Park / IITM Incubation Cell: Academic technology business incubator at IIT Madras with deep-tech focus, corporate partnerships, and prototyping infrastructure. Closely mirrors VJTI-TBI's academic-incubator model with comparable scale and sectoral mandate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vjti-technology-business-incubator

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 VJTI TECHNOLOGY BUSINESS INCUBATOR