IIM-Bangalore, which started its incubation facility in 2000, has so far seen three IT companies being incubated.
“Nine Cloud Entertainments, SeNate Communications and Voice Tech Solutions are working at our centre,” said Dr Mathew Manimala, professor of organisational behaviour and chairperson for Jamuna Raghavan Entrepreneural Academy.
Nine Cloud Entertainments is working on animation and other entertainment projects. SeNate Communications is developing firewall security solutions while Voice Tech Solutions provides IT solutions to the telecom companies. Usually, we give one-year term for incubations. Sometimes, depending upon projects, we might extend it to one-and-half years,” said Dr Manimala.
So far, two companies Meta-I Systems and EmbedX Systems Pvt Ltd have exited and started out their own operations after being incubated at IIM-Bangalore. “Meta-I was a BPO outfit, whereas EmbedX was working on embedded systems on vehicle tracking. It was also working on an IT solution, which will provide tyre pressure details on the dash board of any vehicle,” he said.
IIM-B has a tie-up with NS Raghavan, former Infosys director, who started entrepreneural academy.
Some of the startup companies at IIT-Delhi include INRM Consultants, which is using geographic information system (GIS) technology for natural resources planning and management; VirtualWire Technologies, a wireless and communications firm; KritiKal Solutions, which is into embedded systems, computer vision and networking technologies; SofBlue India, involved in developing Bluetooth enabled energy meters. SofBlue India and INRM Consultants have exited and are on their own now.
The article also adds that the Indian Institute of Science (IISc), Bangalore, is also set to soon start its own incubation facility.