SPACE TECHNOLOGY INNOVATION AND INCUBATION CENTRE

Indian Institute of Space Science and Technology (IIST) has established Space Technology Innovation and Incubation Cell (STIIC) within its campus to facilitate incubation of new enterprises with innovative technologies. It is a unique incubation centre within the country supported by Department of Space, Government of India and located inside the vibrant campus of IIST. 

 

By admitting the aspiring companies/entrepreneur teams, STIIC would facilitate and support product innovations and development, simulation and prototyping, pilot experimentation, product software testing, training, and other technology related work, in which there is considerable overlap with the Institute’s mandate. You may refer to the IIST website (www.iist.ac.in) to have a flavor of the academic and research activities we pursue.

 

In addition to mentoring and infrastructure support, STIIC would also back the  startups in their investment search processes by organizing meet-ups, demoday events including pitch deck competitions with a larger participation from the ISRO experts so that their companies get better visibility and find suitable investments.

 

While the emphasis of the STIIC is on Space related innovations/technologies, it covers all areas of science and technology in harmony with the Nation’s interest. 
If you wish to incubate with STIIC, send your EoI to stiic@iist.ac.in and we will be happy to guide you through the process.

 

Prospective applicants are requested to refer to STIIC policy for details of the frame work, support and resources provided by STIIC.  
Before you plan to start your journey with STIIC, locate yourself in the Marmer Stages, ie; the developmental lifecycle of any startup.

 

 
Why is it important to understand the life cycle of a startup? Here, the analogy between startup and living organism can be useful, especially for early-stage startups, since they operate under conditions of extreme uncertainty and insecurity in the pursuit of the right product–market fit. With every stage of its journey, the challenges and opportunities are different. Understanding and analysing the development stages offer multiple advantages, for instance, an entrepreneur can anticipate the upcoming challenges and get prepared whereas an investor get to set the right expectation from the startup and plan for investments. Over its lifespan, a startup traverse diverse terrains and develops across interdependent dimensions like business objectives, product, customer, business model, finance, revenues, team, and organization principles.