Lords TBI is the Technology Business Incubator of the Lords Institute of Engineering and Technology, Hyderabad, Telangana, India. It will foster an entrepreneurial ecosystem among the students and faculty of various educational institutions in and around the region. Venture Conceptualization Model is practiced at Lords TBI which includes education and access to knowledge, networking and people connection, financing and access to finance, facility-based services, brand building, business services, and mentoring support with cross-sector experience.
Lords TBI is recognized as Host Institution by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India under the scheme “Support for Entrepreneurial and Managerial Development of MSMEs through Incubators” which provides opportunity to the students in developing and nurturing their new innovative ideas for the production of useful products. 5000 sq.ft co-working space with shared conference rooms, workstations, maker space,seminar hall, studio facility, etc. are available for the student start-ups.Presently 12 startups are incubated at Lords-TBI with mentoring support, networking opportunities, providing access to funding, etc.
Nature of Support from MSME
- Financial assistance up to 15 lakhs for developing and nurturing of an idea.
- Financial assistance up to 1 Crore for procurement and installation of Plant and Machines in TBI in order to strengthen the technology related R&D activities of TBI.
- Financial assistance of up to 1 Crore as grant in aid for the seed capital support to TBI for converting deserving ideas into start-ups.