Do you have an idea? An Idea that could disrupt and transform. Do you aspire to be an entrepreneur? Then, you are here at the right place. We at MITE understand that entrepreneurship is the future of the global economy and have realized the shift in temperament towards self-employment. The institution is in the mission of aiding the young aspiring entrepreneurs as global forecasts say that almost one third of millennial today aspire to some form of entrepreneurial venture.
MITE has set up a conducive ecosystem for the startup culture to flourish with the best infrastructure, training, and mentorship. The Entrepreneurship Development Cell strives to identify, nurture and support budding entrepreneurs. The extensive efforts of the cell have shown results with a large number of Alumni starting their independent ventures. The institution indeed takes pride in the shaping young Men & Women who aspire to change the future and be part of their journey.
The institution has state-of-the-art incubation center spanning over 5500 sq.ft on par with industry standard. The Center has air-conditioned Office spaces, Meeting rooms and high-speed internet connectivity with the best configured computers. The incubatees are extended access to all the laboratories. The center has mentors from Industry as well as successful local entrepreenuers on-board. The Center extends technical, management and legal support to the young entrepreneurs who have just begun to take-off.
Entrepreneurs from MITE
GRANTS FOR INCUBATION
The endeavors of MITE to shape young business icons of tomorrow got the lift with the grants from Government of India and the state Government of Karnataka. The grant of over INR. 2 Crores is in fact turning dreams for young engineers who wish to start own their own, offering wings to their dreams.
MITE K-Tech Innovation Hub
(Powered by Dept. of IT, BT and S&T, Government of Karnataka)
The Center has received a grant of INR.1.2 Crores through the New Age Innovation Network (NAIN) Scheme. Every year 10 innovative student business ideas are supported with seed funding of upto INR. 3Lakhs along with the necessary infrastructure, technical and legal aid.
MSME Support for Entrepreneurial and Managerial Development of SMEs through Incubators
(Powered by MSME, Government of India)
The Incubation Center has been granted INR. 65 Lakhs through the Support for Entrepreneurial & Managerial Development of SME through Incubator Scheme. The business incubator extends financial seed funding up to INR. 6 to 8 Lakhs for technology innovations by young entrepreneurs.
IDEAS INCUBATED AT MITE
10 student innovative ideas are incubated at MITE and have received seed funding of up to 3 Lakhs for prototype development. These projects were shortlisted through Ideathon from amongst 100+ innovative ideas submitted by students from across various branches of engineering. Top 30 teams were trained on feasibility tests, business plan writing and pitch presentation. The incubates are mentored by industry experts and entrepreneurs. The second edition of Ideathon had over 160 idea submissions.
INR. 1.85 Lakhs
The team from Mechanical Engineering is developing a Neera Tapping machine. The device is to retrieve Neera, an energy drink from Coconut trees. The design is important as skilled manpower for the same is limited and the sector looks forward to such innovations. The prototype design has completed initial Indian Patent publishing.
INR. 2.95 Lakhs
The motor-sport enthusiastic students from Mechatronics Engineering team are designing and developing high efficient electric two-wheelers with an application specific design approach based on customer interest and requirements. The team has registered as a Startup- Trividtrans Pvt. Ltd.
INR. 2.74 Lakhs
A Quadcopter for aerial surveying of the crops is beings developed by students from Aeronautical, Computer Science & Electronics students. The team is working on developing an advanced algorithm to identify diseases in crops using Machine Learning and imaging. It involves on-site analysis of the type of infection/disease and its prevention methods in a single session of field photo analysis using hyperspectral imaging.
INR. 2.35 Lakhs
This passionate team from Electronics & Communication Engineering is developing an IOT based smart home stock reminder. The SCHSA (Smart Cabinet for home stock alerting) system is provided IOT System including food product remainder system. Remainder system which will detect the presence of Items (Rice, Lentil, Wheat, etc.) stored in it, and that can be monitored by the dedicated mobile application. All the user smart devices and WSN nodes are connected through a wireless module to a centralized server. The central server maintains the user details which can be used for future analysis and that data are essential for grocery shops to improve the service and user experience.
INR. 2.15 Lakhs
This team from Mechatronics & Electronics Engineering is striving at providing a viable solution to the problems of arecanut growers, which is the predominant crop in the Dakshina Kannada and neighbouring places. The team is building an areca nut climber, pesticide sprayer and harvester that could be controlled using a remote. This holds great value as the region is experiencing huge shortage of skilled labourers who can do the task.
INR. 2.12 Lakhs
The young team from the Information Science is here to encorporate the best of the two world’s: technology & Ayurveda; A smartwatch that predicts probable ailments. The technology intervention proposed is based on the basic principle of Ayurveda i.e., the three Doshas: Vata, Pitta and Kafha. These Doshas can be used to find various diseases like fever, indigestions, flu, cough, cold, infections in the body, etc. The device also uses the factor of body temperature to detect diseases as well as pulse rate analysis along with a retinal scan.
INR. 1.56 Lakhs
With this App the team of entrepreneurs from Information Science intends to empower the local cooks and help to discover their skills and provides to them a platform to display and gain profit from their progress. It is an online food delivery chain with a specific target of local cuisines and chefs.
INR. 1.95 Lakhs
A step-closer to helping women in distress is this team from Electronics & Communication. The Smart Locket will act as a self-defense module for women. The module aids in getting quick response during emergency and victim can activate the locket which would send SOS messages as well as the location details along with real-time photographs.
INR. 2.85 Lakhs
This team from Mechatronics aims at helping people who do not have much area to grow crops. A terrace or a cabin space is all they need. The idea is to grow crops within a small area by providing a good nutrition supply. This is achieved by providing artificial lights using hydroponics. It is a method of growing plants in a water-based nutrient-rich solution. Hydroponics does not use soil; instead, the root system is supported using an inert medium such as perlite, Rockwool, clay pellets, peat moss, or vermiculite. Human interference is would be minimal.
INR. 2.75 Lakhs
With the millenials turning health conscious and involved in active healthcare lifestyles, the team from Electronics aims at tapping the possibility of having their chip embedded in the shoes. The project aims to generate electricity and store it in an inbuilt battery using piezoelectric material in shoes. This shoe will have a battery pack that will be charged as the person wearing the shoe walks. This shoe will have a charging port which can be used to charge the phone and other gadgets using a USB cable.
The Incubation Center conducts 24 Hour Hackathon’s and Startup Summit every year in addition to numerous talks and workshops. In 2019 MITE hosted a one-day E-step Boot Camp in association with Start-up Karnataka and Karnataka Innovation and Technology Society (KITS), to empower student start-ups in the state. MITE has also been hosting the Entrepreneurship Awareness Camp in association with National Science & Technology Entrepreneurship Development Board (NSTEDB) & Entrepreneurship Development Institute of India (EDII) Ahmedabad since the last three years. Also, the Center in association with the Intellectual Property Rights Cell conducts training on Patenting and the processes. The Center also co-hosted a TEQIP 1.3 sponsored One Week Workshop on Ideas to Reality for students in association with VTU Belagavi.