AMITY INNOVATION INCUBATOR
The Amity Innovation Incubator is a pioneering concept in the context of Indian
Universities. Supported by DST, Ministry of Science & Technology, GOI, 'Amity Innovation
Incubator ' has in a very short time of its existence earned an enviable position
for itself with start-ups which have regularly been on top of the innovation curve
and have been recognized on platforms like 'The Power of ideas', Read Herring Global
winner, Tata NEN and NASSCOM Innovation Awards to name a few.
Amity Innovation Incubator 's ACHIEVEMENTS:
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• 100 + Companies Incubated (physical & virtual); all showing significant
financial & operating growth
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• Employment generated for more than 3500 people
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• 263 + patents filed by Incubator for entrepreneurs, faculty and researchers
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• Ground breaking technologies being commercialized and utilized by groups
such as Delhi Metro, LG Electronics, Microsoft, GreenSocs, Cadence
Design Systems, Himachal Pradesh Geological Department, Noida Traffic Police etc.
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• Strategic collaboration with incubators in Europe , USA and Asia
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• 42 start-ups established by Faculties & Students of Amity University
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• 11 Incubatees funded under "Support of Entrepreneurial and Managerial
Development of SMEs through Incubators"
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• Risk Capital raised for 4 Incubatee Companies under SIDBI-SAS Scheme
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• Over $40m invested in Incubatee companies through Mergers & Acquisition
and Angel Investments
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• Close ties with VC and Angel networks.
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• Launched virtual Incubation in 17 cities like Mumbai, Ahmedabad , Kolkata,
Hyderabad, Chennai, Kochi, Bangalore etc.
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SELECTING WINNER:
Amity Innovation Incubator has a clear philosophy to encourage and incubate technology
based new enterprises with innovative products and services. Infact, stringent selection
process is the reason behind the success of 'Amity Innovation Incubator '. Each
business proposal/Incubation request is carefully screened on various parameters
set-up by Industry experts/mentors to ensure that only commercially viable and investable
proposals get through.
PARAMETERS FOR SELECTION:
Sectors: As
a mandate 'Amity Innovation Incubator ' undertakes to incubate enterprises which
have innovative products and services with technology
as the backbone.
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Team Strength: Enterprises
with promising teams and relevant exposure in all the crucial areas relevant to
the business get
through the screening process.
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Innovation Scale:
To ensure that the right innovations get the required exposure, only Enterprises
with innovative product and services are invited to avail support from 'Amity Innovation
Incubator '
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Scalability: Amity
Innovation Incubator 's experts ensure that the feasibility of the Project and their
scalability are given due consideration who have the vision to change the dynamics
of the existing Industry.
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Ideal Gestation Period:
Amity Innovation Incubator 's mandate is to make sure that Incubatees graduate within
3 yrs. of the tenure with commercial success.
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Strong Business Model:
Strength of the Business Model and the Team are two crucial elements to the success
of any innovative technology venture. To put right this element, Amity Innovation
Incubator 's team of Advisors/Mentors ensures that extensive thought and understanding
goes into the Enterprises Business Model.
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ROI Potential: A
venture's success is measured by the return offered to its stakeholders. 'Amity
Innovation Incubator ' understands and respect the rationale of its Investors who
have been partners in Incubatees success.
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