# KIIT-Technology Business Incubator

> KIIT-Technology Business Incubator is a nonprofit company based at KIIT University in Bhubaneswar. Established in 2009, it helps technology founders develop and commercialize products through shared laboratories, prototyping facilities, mentoring, technology transfer and access to public and corporate startup programs, with a particular focus on eastern and northeastern India.

- **Founded:** 2009
- **Headquarters:** Bhubaneswar, India
- **Founders:** Mrutyunjay Suar (Establishing leader and CEO; KIIT-TBI was an institutional initiative of KIIT University with DST support)
- **Products:** Technology startup incubation, KIIT-TBI BioNEST, Laboratory and prototyping facilities, NIDHI-PRAYAS, Seed fund facilitation and deployment
- **Notable:** Current institutional overview reports 482+ startups nurtured and 153+ products commercialized., Current overview reports 210+ IPs and 10,000+ technical jobs; these are self-reported ecosystem totals., Current overview reports INR 1,600 crore in external investment raised for supported startups, not an incubator funding round.

## Products & services

- **Technology startup incubation** — Physical infrastructure, expert mentoring, business development and access to funding routes; applications pass screening, expert presentation and due diligence.
- **KIIT-TBI BioNEST** — BIRAC-supported bioincubation operating since 2017; shared instrumentation, laboratory and office accommodation, mentoring and IP support.
- **Laboratory and prototyping facilities** — Analytical testing, cell culture, bioprocessing and shared instrumentation; fabrication facilities support physical prototype development.
- **NIDHI-PRAYAS** — DST-backed idea-to-prototype support advertised up to INR 10 lakh for 12 months, with mentoring and fabrication access; eligibility and selection apply.
- **Seed fund facilitation and deployment** — Routes include Startup India Seed Fund, BIRAC SEED and LEAP, and INVENT; scheme amounts, instruments and selection differ.
- **Technology Transfer Office** — National Biopharma Mission-supported office linking researchers and industry for commercialization and technology transfer.
- **SAMRIDH Accelerator** — MeitY-supported acceleration with published cohorts including diagnostic, bioprinting, industrial IoT and environmental technology companies.
- **Boeing BUILD 2026** — Regional partner for structured learning and mentoring; applications and coursework are free, with competitive INR 10 lakh grants for winners.
- **GENESIS Pilot 2.0** — October 2026 promotion advertises up to INR 40 lakh for eligible pilot deployment, requires a working prototype and pilot PO/WO, and states an equity cap of 3% of fully diluted post-money shareholding.

## Achievements

- Current institutional overview reports 482+ startups nurtured and 153+ products commercialized.
- Current overview reports 210+ IPs and 10,000+ technical jobs; these are self-reported ecosystem totals.
- Current overview reports INR 1,600 crore in external investment raised for supported startups, not an incubator funding round.
- National Award for Technology Business Incubation for 2017.
- National IPR Award 2021 in the incubator category, according to KIIT-TBI.
- AABI Incubator of the Year 2023 recognition.
- Startup Odisha Successful Incubator of the Year 2023 award, reported on 2 February 2024.

## Latest updates

- **2026-10** — Public LinkedIn updates promote GENESIS Pilot 2.0, with up to INR 40 lakh for eligible pilot deployment and a 30 October 2026 application deadline; a working prototype and pilot PO/WO are specified.
- **2026-09** — KIIT-TBI advertised GENESIS matching investment up to INR 50 lakh at a 1:1 ratio with a 24 September 2026 deadline; this is a startup program offer, not funding received by the incubator.
- **2026-02** — Boeing announced BUILD 5.0 on 3 February 2026 and confirmed KIIT-TBI among seven incubator partners.

## Links

- Website: https://kiitincubator.in/
- LinkedIn: https://www.linkedin.com/company/kiittechnologybusinessincubator/
- Twitter/X: https://x.com/KIIT_TBI
- Facebook: https://www.facebook.com/KIITTBI/

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Profile page: https://yespress.io/kiit-technology-business-incubator
Published by YesPress — https://yespress.io
Last updated: 2026-10-24