Technology Business Incubation Park-IMSEC (TBIP-IMSEC) is the umbrella body for nurturing and overseeing innovation and entrepreneurship at IMS Engineering College. IMSEC has also pioneered innovation in association with many industries like ABB, Texas Instrumentation and industry association like FICCI and GMA. TBIP-IMSEC will leverage these experiences and give entrepreneurship a stronger push as well as serve to coordinate and promote innovation-driven activities at the institute.
TBIP-IMSEC seeks to nurture technology and knowledge based ventures through their start-up phase by providing the necessary support to help entrepreneurs survive in the competitive market and reach a stage where they can scale-up their ventures further. It aims to build and share resources including space and infrastructure, access to business support services, mentoring, training programmes to enhance the skills of entrepreneurs and seed funds.
The scope of support is broad-based, and covers technologies/IP developed wholly at the Institute or partly through collaborations elsewhere, as well as external start-ups with which IMSEC members are associated as consultants or mentors. TBIP-IMSEC is also open to proposals with strong social and strategic impact. TBIP-IMSEC has now been recognized and supported by Ministry of MSME, Govt. of India. The incubates here are now getting financial and technical support by DC-MSME, GOI.