BICEP - BMS Innovation Centre and Entrepreneurship Park

• Business Facilitation
  Pre-feasibility studies, Project appraisal, Market research and techno-commercial studies
• Technology Consultancy
  Pre-feasibility studies, Project appraisal, Market research and techno-commercial studies
• Training
  Pre-feasibility studies, Project appraisal, Market research and techno-commercial studies

• Work Place
  Ready to use office space with furniture, connectivity, networking, office support and common facilities like meeting room, fax, copier etc
• Library
  Access to the institution library
• Technical Support
  Faculties of BMSIT&M will provide necessary technical support
• Laboratory, Workshop, & Testing Facilities
  The incubatees will have access to R&D laboratories, workshops and testing/characterization facilities available on campus

BMSIT Incubation Centre gives importance to mentorship and believes that sharing the knowledge from experience can ease challenges of an entrepreneur. The mentoring support is offered through a pool of mentors consisting of senior faculties, Industry people, Business Consultants who will enlighten the road for incubates. Business modelling, Business plan preparation, finance and legal support are all other branches of the Mentorship Program One of the objectives of Incubation is to utilize the technical expertise and lab infrastructure of BMSIT&M. Therefore, every company that is offered incubation at BIC has to select one faculty member from the Institute who shall act as a mentor to the incubated company and guide the company on product development. The company has to offer minimum 1% of share equity to the mentor as a consideration of mentorship.

Industry Mentor BIC has created a database of Industry mentors. Every company incubated at BIC may select one Industry mentor within six months from the date of joining the centre. In case the incubatee opts for an industry mentor, the company has to offer a minimum 1% of equity to the mentor as a consideration of mentorship.

BMSIT Incubation Centre may provide seed loan subject to the availability of funds/ grants/ schemes meant for this purpose. Seed loan will be sanctioned only to the registered companies and shall be based on the merits of each company. Further, the admission to BIC shall not automatically entitle the companies to seed loan.

A company desirous of getting seed loan may submit an application for seed fund after three months of incubation at BIC. The seed loan will be sanctioned based on the eligibility criteria as decided by BIC. It would also be subject to the terms stipulated as per the Seed funding Guidelines of BIC.

• Cash support - up to 1 Lakh
• Grants Support Advisory from various funding services
• Venture/ Angel Network Support

Mr. R Venkatesh
USN: 1BY21ET033

Email: bicep@bmsit.in