Incubate with Us

Incubation

The NICE Community is explicitly the most amazing community for promoting, advancing and growing tech entrepreneurs in India. We’re equally eager to listen to your ideas, shape them in the right direction and let you lead your own path, while supporting & guiding individuals as well as organizations at each step where they’re stuck.

Program Overview

The main goal of NICE incubation program is to support the companies flourish into successful business enterprises. The program offers the opportunity to entrepreneurs who are passionate about working on the deeptech startup idea. The program is designed to provide all the necessary support for scaling a new business venture. Under the incubation program, the startup would get financial aid of upto INR 25 lakhs (in exchange of 3% equity) and various other benefits. More details about program benefits can be found on the Benefits page.

Am I eligible for getting assistance from NMDC Innovation and Incubation Centre?

  • The idea should be on deep technology.
  • The start-up founder should be a citizen of India.
  • Founder should be at least a graduate; preferably from Engineering, Medical or Science background.
  • Definite Prototype is a prerequisite.
  • Startups having their own IP are preferable.

Areas of Preference by NMDC 

  • Improving process efficiency in iron ore mining to steel value chain

  • Innovative solutions suitable in the process of dry beneficiation of iron ore & coal

  • Innovative solutions suitable for beneficiation of low/lean grade iron ore

  • Innovative solutions suitable for enhanced utility of pneumatic conveying of minerals

  • Innovative solutions for improving the process of coal gasification

  • Enhancing the safety of fleet operation during foggy weather conditions in mines

  • Enhancing the safety in underground and open cast mines

  • Innovative solutions for condition monitoring of machinery used in mining [iron ore & coal] and steel industries

  • Innovative solutions to help reduce greenhouse gases [GHG] and economic production of green energy.

I want to apply for incubation, what is the application process?

We are accepting applications for incubation, click on Apply Now.
Deadline: December 5, 2021

Address

NMDC Innovation & Incubation Centre

i-TIC Foundation  705, Academic Block C

Indian Institute of  Technology Hyderabad

NH-65, Kandi,  Sangareddy

Telangana – 502205

Phone

040 2301 6169

Email

nice@itic.iith.ac.in

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