Startup Cell

Madanapalle Institute of Technology and Science Foundation

Supported by Madanapalle Institute of Technology & Science

(CIN No: U85500AP2024NPL116231, registered as a Section-8 Company under the Companies Act, 2013)

Madanapalle Institute of Technology & Science (MITS) has inculcated the culture of entrepreneurship. MITS has initiated the incubation centre in the year 2023 with an intention to provide creative atmosphere, wherein new ideas and projects can flourish. The incubation centre is registered as Madanapalle Institute of Technology and Science Foundation (MITS Foundation), a section 8 company as per the Companies Act, 2013. The foundation was registered on 3rd October 2024. The Foundation is established to offer a platform for staffs, students, alumni and general public who are aligned with its theme, for the purpose of business incubation and innovation. The center is taking an active role in fostering an entrepreneurial culture and environment for ideating, establishing, and commercializing businesses. Also, it provides working spaces for incubation and offers counseling services on business management and technological solutions. The approach is intended to help innovators in transforming their ideas into products. It identifies tools, devices, and technology and putting together a network to commercialize the items or services, thereby innovators and entrepreneurs can get benefitted.

❖ To become a prominent incubation center for developing sustainable and successful startup ventures and contribute to the Socio-techno-economic development of the nation.

❖ MITS Foundation is committed to foster an innovation and entrepreneurship culture and support budding innovators in their early-stage business ventures.

The main objectives of Foundation are
• To inspire faculty, staff and students to participate in innovation, ideation, and product development.
• To transfer technology-based entrepreneurial knowledge, methodology, and practice and support for students’ creative ideas.
• To educate researchers, faculty, and students about patenting.
• To connect scientific and technology related industries and higher education institutions
• To establish a platform for information exchange and application in real-time research.

• Office space with basic infrastructure
• Computing facility
• Common meeting room
• Laboratory facilities on nominal charges as per the college norms
• Professional services like accounting, legal and IPR
• Facilitate interaction with Alumni, VCs, Industry Professionals, etc.
• Mentoring from domain experts/faculty members of MITS
• Intern Support from students of the MITS

To provide guidelines for creating an ecosystem for fostering innovation and entrepreneurial spirit among Students, Faculty and Staff, that promotes the establishment of Science & Technology Driven Start-ups which benefits the society, nation and beyond.