SGIARC-TBI Foundation

About Us

To impart world class Engineering, Entrepreneurship and Management education in an environment of Spiritual foundation to serve the global society

We provide great services and mentorship to the entrepreneur

The SGIARC-TBI Foundation is a non-profit organisation that provides support and resources to entrepreneurs in India. The Foundation is committed to fostering innovation and entrepreneurship for sustainable development. The Foundation focuses on key sustainable development sectors, including agri-tech, food tech, edu-tech, health-tech, and clean energy. The Foundation offers a wide range of services to support entrepreneurs at all stages of the startup journey, from ideation to market entry. The Foundation is also committed to promoting social impact and environmental sustainability. The Foundation supports startups that are developing solutions to key social and environmental challenges. The Foundation also mentors grass root innovations supporting green developments and prompts women-led start-ups supporting ESGs. The SGIARC-TBI Foundation is a valuable resource for entrepreneurs in India. The Foundation's commitment to fostering innovation and entrepreneurship for sustainable development is commendable. I believe that the Foundation will make a significant contribution to the development of India's startup ecosystem and the achievement of the Sustainable Development Goals.

What We Do?

At SGIARC, we do a variety of activities to support entrepreneurs and foster innovation and entrepreneurship for sustainable development. Here are a few examples:

● Organise awareness camps and workshops: We raise awareness about entrepreneurship and the startup process through impactful camps and workshops. These events provide a platform for potential entrepreneurs to learn about the startup journey, connect with experienced mentors, and get inspired by the success stories of other entrepreneurs.

● Establish domain-specific clubs and associations: We establish domain-specific clubs and associations to provide a supportive and collaborative environment for entrepreneurs. These clubs and associations connect entrepreneurs with other entrepreneurs, mentors, and industry experts in their respective fields.

● Provide one-on-one mentoring: We provide one-on-one mentoring to entrepreneurs, connecting them with experienced mentors who can provide guidance and support on a variety of topics, including business planning, product development, marketing, and fundraising.

● Offer financial assistance: We offer financial assistance to entrepreneurs through grants and other funding opportunities. This financial assistance can help entrepreneurs to cover the costs of starting and growing their businesses.

● Organize networking events and create a community of support: We organize networking events and create a community of support for entrepreneurs. These events and programs provide entrepreneurs with the opportunity to connect with other entrepreneurs, mentors, and investors.

In addition to these activities, we also support startups that are developing solutions to key social and environmental challenges. We also mentor grass root innovations supporting green developments and prompt women-led start-ups supporting ESGs. At SGIARC-TBI, we are committed to helping entrepreneurs succeed and building a more sustainable future.

Powering Entrepreneurship

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.

Women Entrepreneurship
Women Entrepreneurship (startupindia.gov.in)

Funds For Technology Incubators In Academic Institutions Get CSR Status

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.

Social Initiative @ SGAIRC-TBI Foundation

iWomen:

Rural Entrepreneurship Development (RED):
This program is specially designed for India considering the below mentioned challenges faced by Rural Population. Major population is staying in villages. Agriculture being major occupation of the people, we are giving more emphasis on "Agri-Tech" domain. To promote rural entrepreneurship we have designed a special program RED (Rural Entrepreneurship Development), which aims to facilitate an environment in terms of training, co-working space, product development, mentoring, investments and market support.
- The Rural Entrepreneurs Particularly Do Not Know How To Synchronize Their Skills With The Market Requirements.
- Inefficient Management for Marketing and Sale.
- Stiff Competition.
- Low Mobility.
- Social Attitudes
- Lower Ability To Bear Risk.
- Lack Of Education
- Low Need for Achievement.
- Inadequate Infrastructure.
Affirmative Action:
Under Affirmative Action, we intend to connect smaller manufacturing companies will the bigger manufacturing organizations. We will assist SME's to get aligned with the compliances of bigger organizations. More interactions and collaborations will be targeted via trade fairs and conferences.
We also invite all organizations to participate in our initiative of connecting companies with each other.

Our Services

We do offer awesome Services

Funding

We are helping businesses in creating and protecting sustainable value. Our primary focus remains on regulation and cost reduction.

Mentorship

We provide success-motivated consultancy service to small and medium-sized businesses that are preparing for eventual ownership transformations.

Technical Assistance

Composite 3D printing for manufacturing carbon fibre parts, full-fledged designing and machining facility for commercial

Company Secretary

We are helping businesses in creating and protecting sustainable value. Our primary focus remains on regulation and cost reduction.

Entrepreneurship

We provide all the services by focusing on potential entrepreneurs who wish to start their own business.

Consultancy

We provide all the services by focusing on potential entrepreneurs who wish to start their own business.

Startup Portfolio

Industry Focused Area

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.

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Funding Schemes

We provide the financial assistance through various funding schemes and CSR Activities

Student Startup & Innovation Policy

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.

Scheme for Assistance for Startups/InnovationMaharashtra Industrial Policy 2010-2024

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.

For More Details: Click here

Starup India SEED Fund Scheme

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

Scheme Eligibility:

A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.
The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
Startup should not have received more than INR 10 lakhs of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facilities.
Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
A startup applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

For More Details: Click here

Support for Entrepreneurial and Managerial Development of MSMEs Through Incubators

The main objective of the scheme is to promote & support untapped creativity of individuals and to promote adoption of latest technologies in manufacturing as well as knowledge based innovative MSMEs (ventures) that seek the validation of their ideas at the proof of concept level. Grant-in-aid to Host Institute for developing and nurturing the ideas up to max. Rs. 15 Lakh per idea. Preferably, the duration of the project/idea is one year, however, the same can be extended depending upon the circumstances. For students, the contribution will be Nil and for MSMEs/others, contribution will be 15 % of total project cost. For More Details: Click here

Ambedkar Social Innovation and Incubation Mission

With a view to promoting innovation and enterprise in SC students studying in higher educational institutions, Government of India is launching the Ambedkar Social Innovation and Incubation Mission (ASIIM). Under the ASIIM initiative, 1,000 SC youth would be identified in the next 4 years with start-up ideas through the Technology Business Incubators (TBIs) in various higher educational institutions. Innovators will be funded @ Rs. 30 lakhs in 3 years as equity funding so that innovator can translate their start-up ideas into commercial ventures. Successful ventures would further qualify for venture funding of up to Rs.15 Cr from the Venture Capital Fund for Scheduled Castes. For More Details: Click here

CORPORATE SOCIAL RESPONSIBILITIES

Associating with SGIARC-TBI Foundation under CSR activities

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.

The following table provides detailed information for interested Corporate entities on eligibility and track record of SGIARC-TBI Foundation as required under Section 135, Schedule 7 of the Companies Act 2013.

	External link/Local copy
Companies Act 2013 [Dated 30 Aug 2013]	Link
Section 135 of Companies Act 2013 [Dated 30 Aug 2013]	Link
Schedule VII related to Section 135 of Companies Act 2013 [Dated 27 Feb 2014]	Link
Companies (Corporate Social Responsibility Policy) Rules, 2014 [GSR 129(E) dated 27 Feb 2014]	Link
Incorporation information/ document	Link
Approved technology business incubator by DST-NSTEDB, NSTEDB	Link

Sector under Schedule VII	Example(s) of type of project
Technology incubators located within academic institutions which are approved by the Central Government [item 1(ix) in GSR 130(E)]	Core activity of SGIARC-TBI Foundation to nucleate and nurture technology based ventures Lecture series to inspire, inform and energize a new generation of technology innovators and entrepreneurs Structured programs to support inventive enterprises

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:

Examples:
Support the development and incubation of new and innovative technologies at technology incubators within academic organizations
Support entrepreneurship skills development especially for technology incubation/advancement via inventive entrepreneurs, women entrepreneurs and social enterprises.
Support the public libraries focused on innovation and entrepreneurship.
Support the creation of specialized facilities for technology incubation and thus enhance the innovation eco-system in academic organization

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.

Types of funding and planning your CSR projects:

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.

Reporting on CSR projects and impact monitoring:

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.

Contact person at SGIARC-TBI Foundation:
Dr. S. B. Patil
CEO
SGIARC-TBI Foundation
Phone: (07265) 252478 Ext. 465
Email: info@sgiarctbi.com