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How to Apply for Seed Fund Incubator at KIIT-Technology Business Incubator (KIIT-TBI)

seed fund incubator KIIT-TBI

Introduction

Turning an innovative idea into a sustainable business requires more than just vision — it needs funding, mentorship, and the right ecosystem. For early-stage founders in India, KIIT-Technology Business Incubator (KIIT-TBI) serves as one of the most dynamic platforms driving innovation and entrepreneurship.

Located within Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar, KIIT-TBI has established itself as a leader in nurturing startups through incubation, seed funding, and mentorship. Recognized by the Department of Science & Technology (DST), Government of India, KIIT-TBI supports technology-driven startups in sectors like Biotechnology, Healthcare, Clean Energy, AgriTech, and Deep Tech.

This article serves as a detailed guide on how to apply for seed fund incubator KIIT-TBI, covering eligibility, funding schemes, application process, success stories, and tips for founders looking to secure funding and scale their startups.

What is KIIT-TBI?

KIIT Technology Business Incubator (KIIT-TBI) is a not-for-profit incubation center established to promote innovation, research, and entrepreneurship across India. Backed by the Startup India Seed Fund Scheme (SISFS), Department of Biotechnology (DBT), DST, and BIRAC, KIIT-TBI has supported hundreds of startups from ideation to commercialization.

Key Offerings of KIIT-TBI:

  • Seed Funding: Financial assistance for prototype development, product scaling, and go-to-market activities.

  • Mentorship: Access to domain experts, industry leaders, and successful entrepreneurs.

  • Infrastructure: State-of-the-art labs, co-working offices, and testing facilities.

  • Networking: Exposure to investors, corporate partners, and global innovation networks.

  • Skill Development: Training, bootcamps, and capacity-building workshops for founders and teams.

KIIT-TBI’s strong research backing from KIIT University and collaboration with government innovation agencies make it a trusted ecosystem for early-stage founders.

Why Choose KIIT-TBI?

  • Equity-Free Seed Funding under the Startup India Seed Fund Scheme

  • Mentorship from IITs, IIMs, and industry veterans

  • Infrastructure & Lab Access for research and prototyping

  • Support for Innovation-Driven Sectors like HealthTech, AgriTech, AI, and Renewable Energy

  • Networking & Investor Connects for scaling your startup globally

Whether you’re building a biotech product, an IoT-based device, or a deep-tech platform, KIIT-TBI offers a complete support system from ideation to market launch.

Seed Funding Opportunities

1. Startup India Seed Fund Scheme (SISFS)

Objective:
To support startups in validation, prototype development, and market entry.

Funding Amount:
Up to ₹50 lakh (equity-free).

Eligibility:

  • DPIIT-registered startup.

  • Incorporated in India as a Private Limited Company or LLP.

  • Must have a minimum viable product (MVP) or prototype.

  • Less than 2 years old at the time of application.

Utilization:

  • Product development & testing.

  • Market entry and early operations.

  • Business development activities.

2. BIRAC SEED Fund

Supported by the Biotechnology Industry Research Assistance Council (BIRAC), this program funds startups working in life sciences and biotechnology.

Funding Amount: ₹30–₹50 lakh
Sectors: Biotech, MedTech, Healthcare, AgriTech
Support: Product validation, clinical testing, lab-to-market guidance

3. In-House KIIT-TBI Grant

KIIT-TBI also provides internal funding to incubated startups for pilot testing and scale-up.

Funding Amount: Up to ₹20 lakh
Mode: Equity, grant, or convertible note depending on the project stage

Eligibility Criteria

To apply for seed funding at KIIT-TBI, the startup must meet the following criteria:

  • Must be registered as a Private Limited Company or LLP in India.

  • At least 51% ownership must be held by Indian citizens.

  • Startup should be DPIIT-recognized or in the process of registration.

  • Should have a working prototype or MVP ready for testing.

  • The innovation must be scalable and commercially viable.

Application Process

Step 1: Visit Official Website
Go to www.kiitincubator.in and explore the Seed Fund section.

Step 2: Register Your Startup
Create your profile on the portal with startup details, team background, and business overview.

Step 3: Fill the Application Form
Include details such as:

  • Problem and solution statement

  • Business model

  • Target market and customer segments

  • Competitive advantage

  • Financial projections

  • Fund utilization plan

Step 4: Upload Documents

  • Certificate of Incorporation

  • DPIIT Recognition (if available)

  • Pitch Deck

  • Founders’ CVs

  • Financials (if applicable)

Step 5: Evaluation Process

  1. Screening: Applications reviewed for eligibility and innovation.

  2. Pitch Presentation: Shortlisted startups present to KIIT-TBI’s expert committee.

  3. Due Diligence: Assessment of scalability, market feasibility, and team capability.

  4. Funding Approval & Onboarding: Successful startups receive funding and join the incubation program.

Tips for a Winning Application

1. Show Market Readiness — Have a validated prototype or early traction.
2. Focus on Scalability — Clearly outline your growth plan and milestones.
3. Highlight a Strong Team — Complementary skills in tech, business, and marketing.
4. Be Transparent with Financials — Include fund utilization and realistic projections.
5. Craft a Compelling Pitch Deck — Make it clear, visual, and results-driven.

Success Stories

  • MyLab Discovery: A biotech startup that developed diagnostic kits and scaled nationally with KIIT-TBI support.

  • AgroAI: AI-powered agricultural analytics startup incubated and funded under SISFS.

  • MedInnovate: HealthTech venture using IoT-based devices for patient monitoring.

Each of these startups transformed their idea into a scalable venture through mentorship, funding, and exposure at KIIT-TBI.

Benefits Beyond Funding

  • Access to lab facilities and advanced R&D infrastructure

  • Mentorship from global experts and investors

  • Networking with corporate partners and venture funds

  • Regular bootcamps, hackathons, and investor summits

  • Exposure to government grants and global innovation challenges

KIIT-TBI not only provides funds but also builds an environment for long-term success.

Contact Information

📍 Address: KIIT-TBI, Campus 11, KIIT University, Bhubaneswar, Odisha
📞 Phone: +91-674-2725113
📧 Email: info@kiitincubator.in
🌐 Website: https://www.kiitincubator.in

Conclusion

If you’re an early-stage founder with a vision to disrupt industries through innovation, applying for seed fund incubator KIIT-TBI can be the first big step toward success. With world-class infrastructure, mentorship, and funding opportunities up to ₹50 lakh, KIIT-TBI provides everything a startup needs to scale.

Follow the application process, prepare a strong pitch, and make the most of this opportunity to turn your idea into impact!