Society for Innovation and Entrepreneurship (SINE)
Society for Innovation and Entrepreneurship (SINE), is an umbrella organisation at IIT Bombay for fostering entrepreneurship and nurturing tech start-ups. It administers a business incubator which provides ‘Start to scale’ support for technology based entrepreneurship and facilitates the conversion of research activity into entrepreneurial ventures.
Set up in 2004, it is one of the earliest incubators in academia with a potential to create startups focussing on economic growth, strategic value and social relevance. It gives prototyping grants, provides incubation support to tech startups and also runs accelerator programs in corporate partnership.
SINE has been selected as “Centre of Excellence” by Department of Science and Technology (DST), GOI with funding support to scale up its activities. It has also been approved Biotechnology Industry Research Assistance Council (BIRAC) support under the aegis of Department of Bio Technology (DBT) to set up a Bio incubator ‘BioNEST’ to support the bio-med-tech startups.
SINE will create an ecosystem that will foster, support innovation and knowledge based entrepreneurship amongst the IIT Bombay community leading to the creation of wealth and social value through successful ventures.
Provide an environment to translate knowledge and innovation into creation of successful entrepreneurs.