BANASTHALI CENTRE FOR
TECHNOLOGY INCUBATION AND DEVELOPMENT OF ENTREPRENEURS
(Incorporated on 26.09.2012 as a ‘Section 25
Company’ under Companies Act, 1956)
Banasthali Vidyapith aims at developing students’ personality through its
five-fold education system (Panchmukhi Vikas) and prepares women to take up
leadership roles in all walks of life. In this perspective, Vidyapith has a
functional ‘Entrepreneurship Development Cell (EDC)’ that encourages
entrepreneurship and self reliance among women by training, research, workshops,
competitions, event management etc.
of Commerce & Information Technology, Government of India communicated the award
of prestigious TIDE (Technology Incubation& Development of Entrepreneurs)
project to Banasthali Vidyapith via its letter dated 12.03.2012. Under the TIDE
scheme Vidyapith could commence the activities of funding & mentoring the
budding entrepreneurs in an incubation cell located in the campus but required a
separate legal vehicle in form of a Section 25 company.
September 26, 2012 the Registrar of Companies, Rajasthan issued a Certificate of
Incorporation certifying ‘Banasthali Centre for Technology Incubation and
Development of Entrepreneurs’ as a private limited company under section 25
of the Companies Act 1956. Now with a legal vehicle (acronym: B-TIDE) in place
the company would be able to provide risk capital to Entrepreneurs. B-TIDE
would usher new set of opportunities by serving as a boon for commercialising
new ideas and has potential to bring laurels to Vidyapith in the time to come.
Objectives of the Centre under TIDE scheme:
Launching and sustaining an Incubation Centre in Banasthali Vidyapith by
nurturing Technology Entrepreneurship Development for commercial usage in
areas of Electronics and ICT.
Promoting product oriented research and development.
Encouraging development of indigenous products and packages and bridging the
gap between R & D and commercialization.
promoting other activities of EDC (Entrepreneurship Development Cell) at
funding would be available as a mix of loan and equity. The funding in form of
loan @ 3.5% per annum (charged on monthly reducing balance) would be made for a
duration not exceeding 2 years from date of registration of the company or
admission to incubation cell of B-TIDE whichever is later. Maximum funding would
be upto Rs. 25 lacs (subject to maximum 80% of project cost and not more than
50% of total funding as Equity Capital). The B-TIDE can sell the Equity Shares
at an appropriate time.
Application to B-TIDE
number of applicants for a business proposal should normally not exceed three.
The applicant/s should note the following aspects before applying:
Students/Alumni of Banasthali Vidyapith proposing an innovative idea in areas of
Electronics and/or ICT with an aim to commercialize the concept and legally
eligible to sign a contract.
- Technology based start-up companies encouraged by entrepreneurs and legally
eligible to sign a contract and desirous of R&D partnership in areas of
Electronics and/or ICT with the institute or a company, with the target of
commercializing a novel technological idea, and setting up a technology business
will be the eligibility criteria for admission to incubation cell:
- The company proposed to be incubateed must get registered
as a private limited company with RoC (Registrar of Companies). An organization
(i.e. Proprietorship or Partnership firm) not registered with RoC would have to
do so within 6 months
of admission or before the disbursal of seed fund, whichever is earlier.
B-TIDE would consider proposals only in areas of Electronics and ICT. Acceptable
businesses would involve innovation, technology-based product, idea or service.
business plan in prescribed format (Annexure I ) exhibiting business
details and projections must be submitted during the application phase.
Application Procedure :
Submit Business Plan (B-Plan):
As a first step in the admissions process, the
prospective entrepreneur should submit the B-Plan to an Incubation Review
Committee (IRC) of B-TIDE, Banasthali Vidyapith. For this, prospective
entrepreneur has to fill the business plan in prescribed format (Annexure I ).
The business plan can be submitted anytime during the year; however in hard
copy form only by addressing it to The Chairman, B-TIDE, Vidya Mandir,
Banasthali Vidyapith, PIN 304022, Rajasthan. For any clarifications/follow up an
email can be sent on firstname.lastname@example.org.
would evaluate every B-Plan proposal received by it and only if a B-Plan is
found appropriate; would ask the prospective entrepreneur to make a presentation
before IRC at Banasthali Vidyapith. All communications to applicant/s would be
made via email.
Step III: Presentation
before evaluation committee (IRC):
After evaluating the feasibility of business plan the evaluation committee may
ask for additional information from the shortlisted