Incubation center
About us
Loyola Institute of Technology – Technology Business Incubator (LIT – TBI) of Loyola Institute of Technology is a non-profit startup incubator, established in the year 2023 supported by Society of DMI.
Vision
- Supports Entrepreneurs and cultivate driving Ecosystem for Startups.
Mission
- Provide a conducive environment where ideas can be transformed into business.
- Provides the required mentorship access to funding, workshop and Partnership.
- Foster the culture of Entrepreneurship drives economic growth and helps in job creation promoting social and technological advancement.
Selection Process: Defining the criteria for selecting startups or projects to be incubated, including the application process, evaluation, and acceptance/rejection criteria.
- Mentorship and Support: Outlining the roles and responsibilities of mentors, advisors, and support staff in guiding and assisting the incubated startups.
- Infrastructure and Facilities: Detailing the resources and infrastructure available to startups, such as office space, equipment, and access to technology.
- Legal and Financial Aspects: Addressing the legal agreements between the incubation center and the startups, as well as the financial terms, funding options, and equity arrangements.
- Monitoring and Evaluation: Defining the metrics to track the progress of startups, how to conduct regular reviews, and steps for handling underperforming startups.
- Networking and Events: Organizing networking opportunities, workshops, seminars, and events to foster collaboration and knowledge sharing among startups.
- Exit Strategy: Outlining the process for graduation or exit of startups from the incubation program, which may include a successful transition plan.
- Intellectual Property Rights (IPR): Addressing the management of intellectual property rights and how to handle disputes if they arise.
- Confidentiality and Data Security: Ensuring the confidentiality of sensitive information and implementing data security measures.
- Code of Conduct: Establishing a code of conduct for all stakeholders involved in the incubation center, including startups, mentors, and staff.
- Supporting Entrepreneurship: Encouraging and fostering an entrepreneurial culture by providing a conducive environment for aspiring entrepreneurs to pursue their innovative ideas and turn them into viable businesses.
- Accelerating Growth: Assisting startups in accelerating their growth by offering access to resources, infrastructure, mentorship, and expertise that they might not have on their own.
- Reducing Failure Rate: Minimizing the failure rate of startups by providing guidance, support, and mentoring to help them overcome challenges and navigate through critical stages of development.
- Facilitating Networking and Collaboration: Creating opportunities for startups to connect with potential investors, industry experts, strategic partners, and other startups, fostering collaboration and knowledge sharing.
- Access to Funding: Helping startups secure funding by connecting them with investors, venture capitalists, or facilitating access to grants and other financial resources.
- Validation and Market Testing: Assisting startups in validating their business models and testing their products or services in the market, ensuring their offering meets real-world demands.
- Business Development and Strategy: Guiding startups in refining their business strategies, market positioning, and competitive advantage to maximize their chances of success.
- Providing Training and Workshops: Offering workshops, training sessions, and seminars to enhance the entrepreneurial skills and knowledge of the startup founders.
- Intellectual Property Protection: Assisting startups in understanding and protecting their intellectual property rights, safeguarding their innovations and creations.
- Graduation and Sustainability: Graduating successful startups from the incubation program and helping them transition to the market independently with a sustainable business model.
|
S.No |
Name |
Designation |
|
1. |
Ms. M.K.Teresa |
CEO |
|
2. |
Mr. A. John William |
Manager |
|
3. |
Ms. I. Delphi |
Admin |
|
4. |
Ms. A. Sahaya Rani |
Accountant |
| S.No | Name | Designation |
|---|---|---|
| 1. | Dr. Sujatha Jamuna Anand | Head of the Incubator |
| 2. | Ms. Xavier Selvi | Investment Head |
| 3. | Mr. D. Umamaheswaran | Startup Expert |
| 4. | Mr. Joshua | Startup Expert |
| 5. | Mr. Prasanth | Startup Expert |
| 6. | Mr. Ganesan Narayanasamy | Technical Advisor, Open Power Global Leader, IBM |
| 7. | Ms. B. Priyadharsini | Technical Expert |
| 8. | Ms. R. Kumutha | Technical Expert |
| 9. | Dr. R. Senthilkumar | Member |
| 10. | Dr. V. L. Raja | Member |
| 11. | Dr. V. Balaji | Member |
| 12. | Dr. A. Lakshmipriya | Member |
| 13. | Dr. S. Sankar | Member |
| 14. | Mr. D. Prabhu | Member |
| DPIIT RECOGNIZED STARTUPS | ||||||
|---|---|---|---|---|---|---|
| Name of the Founder | Contact Details | Address for Communication | Sector of Startup | Year of Incorporation | DPIIT REG NO | Startup Website |
| Dhevibala | 9790946898 | 2, Mangali Nagar, Arumbakkam, Chennai 600106 | Repair Services | 2015 | DIPP1598 | www.bigfix.in |
| Umamaheswaran | 9790946898 | 1, Deivanai Street, Karthekeyan Nagar, Maduravoyal, Chennai 600095 | Insuretech | 2022 | DIPP117349 | www.assurify.in |
| Kirthika | 9150155953 | MS Complex, Shop No. 4, 19/5, Balaji Nagar 19th Street, Puzhuthivakkam, Chennai 600091 | Agritech | 2018 | DIPP117758 | www.organicpositive.in |
| Sl.No. | Name | Designation | Role |
|---|---|---|---|
| 1 | Dr.V.Balaji | HOD/Mech | Chairperson |
| 2 | Dr.Sujatha Jamuna Anand | Principal | Member |
| 3 | Dr.Lakshmipriya | Professor/ ECE | Member |
| 4 | Dr.G.Bhuvaneswari | HOD/CSE | Member |
| 5 | Dr. V. L. Raja | Professor/ Mech | Member |
| 6 | Dr.Isac Paulraj | AP/S&H | Member |
| 7 | Dr.P.Balamurugan | AP/EEE | Member |
| 8 | Mr.K.Thanigavelmurugan | AP /Mech | Member |
| 9 | Mr.D.Prabhu | AP/IT | Member |
| 10 | Dr.S.V.Priya | AP/ECE | Member |
| 11 | Dr.G.Sooriyapriya | AP/EEE | Member |
The Program started with a welcome address by our beloved Principal Dr.Sujatha Anand. Then the session was headed by Mr. D. Ananda Raj, Founder and Researcher, Study Channel Educational Trust. He began the session with a warm up mind game.
It is then followed by an Interaction session which motivated the students .The students were asked to participate in Quiz competition that involved a variety of brain development and common sense related Questions. The session also involved an Amplitude Analysis Test.
Mr. Saravanan , then spoke about the importance of women safety and also the various self-defense training activities were taught for the students.
Then, he delivered a speech for motivating the students to develop creative innovative ideas and guidelines to become a part of incubation centers.
The Program then came to an end with a feedback session and vote of Thanks.
The Program was useful and inspiring for the students. The program was a grand success and paved the way for the career development and women safety.