Welcome to SGIARC TBI Foundation

Start-up ventures increasingly emerge from cutting-edge innovations at premier academic institutions, and play an important role in the transfer of technology to the industry and society at large. In the globalized world today and with the rising importance of pioneering solutions addressing the needs of the society, the modern entrepreneurial cycle has crucial value. Start-up ventures can step in and fill the gap in the technology-transfer chain, in areas where conventional companies would be more cautious in view of novelty of field or risks involved on return of investment. Thus start-ups today play a vital role, not only as drivers of innovative solutions to societal challenges, but also as job creators and economic stimulators.

However, the entrepreneurial culture in India is still in its nascent stages, and young entrepreneurs face several challenges, including lack of structured access to resources and an ecosystem to sustain them through the high-risk initial stages. Since technology and knowledge based start-ups are ideally poised to emerge from universities, the role of academic incubators in providing a support system for the entrepreneurial culture to take root and flourish is now widely recognized. SGAIRC-TBI Foundation, Shegaon, with its resources such as its extensive social, academic and industrial network and the Research Park, is uniquely positioned to provide a boost to technology-based entrepreneurship. In order to attain organic growth and emerge effective in supporting the entrepreneurial ecosystem, SGAIRC's incubators are in need of strong financial and other support. While support from Government in sustaining this process is crucial, the role of corporate sector cannot be overstated, and the Companies Act, 2013 provides an ideal route for the latter through the Corporate Social Responsibility (CSR) channel.

Section 135 of the Companies Act, 2013 lists permitted CSR activities, and by a key recent amendment, "contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government" qualify as a CSR expenditure. SGAIRC-TBI, Shegaon has established two incubators recognized by Ministry of Science and Technology, Govt. of India, which hence qualify to receive funds from Indian and foreign companies operating in India as part of fulfilling their CSR obligations under the Companies Act 2013.

A vibrant entrepreneurial ecosystem needs strong capital inflows to fuel startups to become enterprises. In collaboration with corporate, SGAIRC incubators aim to promote Incubators as Entrepreneurial hubs with intimate private sector engagement. Funds will be utilized for seed and early stage investments in incubated companies and creation of facilities for rapid growth and sustenance of start-up ventures

We invite the corporate sector to partner with us and contribute to SGAIRC's start-up vision for the nation through CSR. SGAIRC-TBI's impeccable record, growth and global position will provide your company with unmatched potential for your CSR activities, with assured impact, value and visibility.

We are a Technology Business Incubator with Manufacturing, Healthcare, Renewable Energy and Food/Agribusiness as our focus areas.

Eligibility

Admission to SGIARC-TBI Foundation is open to any Company/Proprietorship/LLP who Working towards innovation, development, deployment or commercialization of newproducts, processes or services driven by technology or intellectual property.

Admission Process

At the opening level, applicants for admission in TBI will be required to submit the Application Form, which can be availed from the SGIARC-TBI Foundation office or download from our website.
Based on the initial scrutiny of application and affirmative assessment, applicants will be asked to submit a detailed proposal comprising of the following documents:

• Business Plan.
• Details of IP/ technology based on which a company is proposed to be promoted/ founded.

An illustrative template for a business plan may be obtained from the SGIARC-TBI Foundation office or may be downloaded from our website. Applicants may give such additional information as they think would help in the assessment of their proposal.

Selection Criteria

SGIARC-TBI Foundation aims to incubate startups in the areas of Manufacturing, Renewable Energy, Healthcare and Food/Agribusiness. This initiative is in keeping with phenomena of entrepreneurship and the support being extended to startups by the Government of India and stakeholders such as SGIARC-TBI Foundation's promoter, Entrepreneurship Development Institute of India.
Prospective incubatees are welcome to familiarize, visit and know more about our facility, services, mentors and host of activities and initiatives that create and add value to the startup ecosystem. The chief intake criteria are listed and briefly explained below.

Innovation Proposed

The Innovation proposed is something original and more effective and, as a consequence, new, that has the potential to be a disruptive solution to a problem or set of problems/need(s) that can break into the market or society.

Proof of Concept

Proof of concept (POC) is a realization of a certain method or idea in order to demonstrate its feasibility, or a demonstration in principle with the aim of verifying that some concept or theory has practical potential. A proof of concept is usually brief and may or may not be complete.

Technical Feasibility

Technical feasibility is one of the first studies that must be conducted after a project has been identified. For a business entity a technical feasibility study includes, method of production, production technique, project requirements, project location etc.

Financial Feasibility

In case of a new project, Financial feasibility can be judged on the following parameters: Total estimated cost of the project, financing of the project in terms of its capital structure, debt to equity ratio and promoter's share of total cost, projected cash flow and profitability

Resources Planning

Resources planning is defined as a method for the effective planning of all resources of a company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer "what-if" questions.

Scalability

Scalability is the capability of a system, network, or process to handle a growing amount of work, or its potential to be enlarged in order to accommodate that growth.

Sustainability

Sustainability is the ability to be maintained at a certain rate or level of growth.

Team Composition

Team composition is the respective set of skills, expertise and qualifications that the founders/management team bring to the table.

Social Relevance

Social relevance is the quality of being connected to positive social impact or the ability to contribute positively to society/societies.

Education Department, Government of Maharashtra provides INR 2 Lakhs as support grant for developing Proof of Concepts (POC) for students, innovators and startups in the idea stage. The innovators and startups can avail Student Startup and Innovation Policy (SSIP) grant through EDII, one of the SSIP grantee institutes by the Education Department, Govt. of Gujarat and provide the benefits of SSIP policy to students.
Eligibility: If any innovator, the startup has a minimum of one co-founder as either a present student in UG, PG, Ph.D. programs or passed out alumni across various programs in any university in Maharashtra in the last 5 years.

The key objective of the Policy, 2024 is to encourage R&D, start innovation and entrepreneurship. Hence, the new scheme is being introduced in order to support startups and innovation at different levels of a startup cycle. Eligibility: Any individual/group of individuals having innovative idea/concept and recommended by approved Nodal institution will be eligible to get recognized as a startup under this scheme. The assistance under the scheme will be provided for innovative projects in any sector or any faculty/branch of science/ technology/ engineering/ agriculture/ healthcare and no innovation worth its name is restricted from availing assistance just because of its being into a particular sector, making this a sector agnostic scheme and provided that the startups which are availing incentive as a 'startup' in any other 'startup scheme' of Government of Maharashtra will not get incentives under this scheme.

Available Assistance under Maharashtra Industrial Policy 2019-2024:

• Assistance up to INR 30 lakhs as a seed support to the startups
• Sustenance allowance of INR 20,000 per month to the startups and INR 25,000 per month to women led
• startups for a period of one year
• Assistance up to INR 1 lakh per startup for obtaining training in soft skills on reimbursement basis
• Additional assistance up to INR 10 lakhs for the startups generating significant impact on the society.
• Assistance up to INR 3 lakhs to enroll and participate for national/international recognized acceleration program
• Additional 1% Interest Subsidy, maximum up to 9% on term loans to applicants under the provisions of scheme for assistance to MSMEs.

Background:
As per Section 135 of the Act, every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board (the "CSR Committee") consisting of three or more directors, out of which at least one director shall be an independent director. SGIARC-TBI Foundation is a non-profit Technology Business Incubator Section 8 Company.It is located within an academic organization Shri Sant Gajanan Maharaj College of Engineering (SSGMCE), Shegaon. Corporates can support SGIARC-TBI Foundation startups through CSR donations and grants. Corporate can deploy their CSR funds towards supporting an innovative idea through SGIARC-TBI Foundation. This site provides information for large Corporates who wish to associate SGIARC-TBI Foundation in executing CSR projects and plan their CSR expenditure as per Section 135 of the Companies Act 2013.
Eligibility and track record: In brief, SGIARC-TBI Foundationis eligible to receive funding support under Section 135, Schedule 7 of the Companies Act 2013 because:

• SGIARC-TBI Foundation is a non-profit entity; it is registered as a Section 8 company
• SGIARC-TBI Foundation was incorporated in November 2021.

Sectors in which CSR projects with SGIARC-TBI Foundation may be covered
How can you get started?

• Contact SGIARC-TBI Foundation to discuss and plan your CSR projects. We shall be happy to discuss over telephone or via in-person meetings. Contact information is provided.
• Kindly inform the SGIARC-TBI Foundation of the priorities listed in your company's CSR Policy. If you are still finalizing your CSR Policy, please consider including the following objectives in your CSR Policy:

• The SGIARC-TBI Foundation team shall be happy to work with you to detail out the CSR project plan to meet the objectives of both your company and SGIARC-TBI Foundation.

• CSR funding can be of two types:
  • Contribution to the corpus: In this form of contribution, the company can fund a lasting and continuing program with potential for long lasting impact. This form of funding is suitable for creating/ supporting resource centers and organizational activity/initiatives. Here, the recipient only uses the income on the corpus towards its activities; the corpus remains an asset of the organization.
  • Project or program funding: In this form of contribution, the company can focus on focused, limited term projects with clear milestones.

• For Corporates, the choice of projects typically depends upon:
  • The key objectives laid out in the CSR Policy of the company
  • The impact desired by the Company via its CSR program
  • The visibility the company seeks amongst its stake holders.

• Please note that the CSR projects:
  • Cannot include the activities undertaken in pursuance of normal course of business of a company.
  • Cannot be exclusively for the benefit of employees of the company or their family members.

• SGIARC-TBI Foundation shall provide periodic reports on the following aspects to help the Corporate meet its annual reporting requirements under CSR rules.
  • Activities undertaken.
  • Utilization of funds/ financial report against planned budget.
  • Impact of activities undertaken against pre-decided impact metrics.

• SGIARC-TBI Foundation proposes to have online websites for each of its CSR projects that will continuously track and report the progress on the projects. The websites shall also acknowledge and thank the sponsors for their contributions.
• SGIARC-TBI Foundation is sensitive to the need of Corporates to project the impact and results of the CSR projects to the community and people at large as well as government stake holders.SGIARC-TBI Foundation shall make every effort to publicise the support of the sponsors via its events, media etc periodically.