Our Mission

" Develop an institutional mechanism to create entrepreneurial culture in academic institutions to foster growth of innovation and entrepreneurship amongst the faculty and students  and to provide quality professional services in Research, Entrepreneurial development and Innovation. "


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The last date to receive online applications is 07 September 2017, Mail your bussiness plan to rony.p@iiitmk.ac.in,citi@iiitmk.ac.in.
Contact Us

Project Coordinator,
CITI - IIITMK
IIITM-Kerala, IIITM-K Building,
Technopark Campus
Trivandrum - 695 581
Kerala,India

Email: citi@iiitmk.ac.in
Telephone: + 91 471 2700777

www.iiitmk.ac.in/citi

Three Schemes of CITI


The services and infrastructure provided by CITI to all three schemes are given in Services & Infrastructure

Scheme 1: Student Entrepreneurship Scheme

This scheme is for ongoing IIITM-K students to develop and nurture entreprenourship while studying. Students can form a team and submit proposal online through the CITI site. For student Entreprenourship, the policies and guidelines laid down by Department of Higher Education, Government of Kerala for colleges and universities will be followed. There are three stages in the process and depending upon the progress of the work and evaluation conducted by the committee, grace mark will be given.

The team may register it as a private limited company/limited liability partnership/partnership of any legally recognized entity or can continue for a period without registration.

After the completion of the course, there is a provision of continuing for one more year in the institute with their own generated income or to adopt new Entrepreneurs Scheme.

  • Stage 1. Ideation Stage

  • Ideation stage is the process of gathering, exploring, and evaluating new technology/business ideas that can give the business proposed by student entrepreneur a competitive advantage. The expert committee formed for the evaluation of the ideas should interview each entrepreneur and analyse the business potential and feasibility.

    Duration : 3 months


  • Stage 2. Teaming and Company formation

  • Team formation is the key for an entrepreneur in commencing his / her journey before starting the company. The team should ideally have a mix of co-founders with complementary skill sets. The team has to register it as a private limited company/limited liability partnership/partnership of any legally recognized entity.

    Duration : 2 months


  • Stage 3. Prototype development/ Business Incubation

  • The working model or the prototype of the Technology idea developed has to be certified by the experts for commercialization or Technology Transfer. If it is a business service idea, the company may start business operation as per the business plan and start generating the income.

    Duration : 6 months


    Once the stage 3 is successfully carried out, the team can either flown out and start business of their own. There is a provision of continuing for one more year in the institute with their own generated income or to adopt new Entrepreneurs Scheme.

Performance Reviews

The committee conducts reviews periodically by evaluating the progress of the student entrepreneur on various areas and appropriate corrective measures are offered to overcome the shortfalls.

Measure for promotion of Student Entrepreneurship

To encourage entrepreneurship among the students, a 20% attendance relaxation and 4% grace marks in academic courses shall be given. Duty leave shall be given to student entrepreneur who has taken prior permission from the authorities to attend Seminars/ Workshops/ Competitions, In-house training, and related programmes. This shall be applicable to faculty also who is contributing or accompanying with the students as mentor or guide. This special attendance can be availed only if the students have minimum of 75% attendance. Students shall not be allowed to skip any of the examinations fixed by the University/Institute. The grace mark distribution is given as under.

Sl.No

Stages

Grace Marks (Max 4%)

Attendance (Max 20%)

1

Ideation Stage

             1%

      5%

2

Teaming & Company formation

             1%

      5%

3

 Prototype /Business Service

             2%

     10%

 

Scheme II: New Entrepreneurship Scheme

This scheme will proide opportunities to new aspirants to intiate a start up with the support of CITI. This would facilitate and nurture young minds to apply their ideas and innovations by developing cutting edge technologies and research to become established and profitable ventures by providing infrastructure, mentoring, training and support.

 

The centre will be under the control of CITI and the Institute. Institute will provide some financial assistance and contigency grant to the members of the entrepreneurship for a period of one year. However, entrepreneurs should work hard to earn more money to provide better financial support among the team members. If any student is contributing substantially to the growth of the centre, it can be rewarded by the ventures.

  
The following facilities will be provided to the young entrepreneurs :

  1. Space for seating (2- seated /5 seated depending on the availability of space)

  2. Computers, Printer, office furnitures

  3. Telephone, Internet, Library, Electricity

The centre should facilitate students to associate and work and also to carry out internship.

Scheme III: Industry-Academia Collaboration Scheme

 

This scheme supports establishment of academia-industry partnerships, facilitates joint research projects, frontier technology developments and business market potentials in order to maximize the impact of academic entrepreneurship initiatives to meet thereby generating Industry demanded knowledge workers.  Industry can start up an Incubation Centre for Research and Testing, with the support of mentors of both academia and Industry.   Institute will provide facilities, infrastructure for the development and the industry could fund to the Institute for the Incubation Centre.  Institutions can support Industry to jointly establish contracts and businesses as and when required, with separate MOUs, which would benefit both the parties.  The IPR,  Transfer of Technology and  Research Commercialization issues need to be addressed separately.