Background

Startup India is a flagship initiative of the Government of India, intended to build a strong eco-system for nurturing innovation and Startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Government through this initiative aims to empower Startups to grow through innovation and design. Startups in India need to be recognized by the Department of Industrial Policy and Promotion (“DIPP”) to avail the benefits under the Action Plan. The applications for such a recognition have to be accompanied by a letter of recommendation/support funding/endorsement from an Incubator. As per Uttar Pradesh Start UP Policy, 2020 “Incubators are the most critical component of startup ecosystem. They are established by private/government host institutes to support startup companies during their early stages of life to develop a scalable business model. They provide startups with various resources such as physical office space, coaching, mentoring, legal & corporate services and providing network connections to grow their business. An incubator shall also mean a Technology Business Incubator recognized by Government of India. In the context of this policy, incubators will serve as first point of contact for startups to get their business plans evaluated for availing any incentives as per the Startup Policy. Startups shall be able to apply for financial incentives to Nodal Agency only after approval by the incubators.”(https://startinup.up.gov.in welcome/startup_policy_2020)

An incubator must fall in one of the following categories to be authorized:
1. Incubator established in a post-graduate college in India;
2. Incubator funded by Government of India or any State Government as part of any specified scheme to promote innovation;
3. Incubator recognized by Government of India by virtue of an application to the Department of Industrial Policy and Promotion (“DIPP”).

GBU Incubation Centre

GBU Incubation Centre is registered body with the name of ‘GBU Research and Innovation Foundation’ (GBURIF) promoted by Gautam Buddha University (GBU).

Incubation Centre Objective

1. To provide a platform for Product Oriented Projects/ Start-ups/ Ideas.
2. Knowledge sharing will be across GBU working in multi-diversified way.
3. If idea clicks/ unique/ solution to some existing problems, may provide collaborative efforts towards implementing them.
4. To provide mentors for skill up ideas. Example can be an AI based Electromagnetic Shielding device problem. One mentor from Electronics Circuits, One from HF Electronics, one from Mechanical and one from Computer Science knowledge tank will be potential mentors for this product-based idea.
5. The platform will be all good feasible/ workable ideas targeted to real-time problem and solutions.
6. Regular lectures by the successful incubator associated think tank.
7. Following closely the objectives of Hon’ble Prime Minister Initiative of Startup India/ Make in India initiative.

Initial Focus Areas

The functional areas are not limited to IOT, AI, Robotics, Microsystems, Date Analytics, High Frequency Applications, Integrated Circuits, PCB based Solutions, Sensor Network, Neural Computing, IT/ ITES, Telecom, Mobile VAS, Gaming and Animation, Reliability, Internet/Web, Media and Entertainment, Education technology, Healthcare technology, Manufacturing Products, Alternative Energy, Clean Technology, Cloud computing.