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Incubation center

About us

Loyola Institute of Technology – Technology Business Incubator (LIT – TBI) of Loyola Institute of Technology is a non-profit startup incubator, established in the year 2023 supported by Society of DMI.

Vision

  • Supports Entrepreneurs and cultivate driving Ecosystem for Startups.

Mission

  • Provide a conducive environment where ideas can be transformed into business.
  • Provides the required mentorship access to funding, workshop and Partnership.
  • Foster the culture of Entrepreneurship drives economic growth and helps in job creation promoting social and technological advancement.

Selection Process: Defining the criteria for selecting startups or projects to be incubated, including the application process, evaluation, and acceptance/rejection criteria.

  • Mentorship and Support: Outlining the roles and responsibilities of mentors, advisors, and support staff in guiding and assisting the incubated startups.
  • Infrastructure and Facilities: Detailing the resources and infrastructure available to startups, such as office space, equipment, and access to technology.
  • Legal and Financial Aspects: Addressing the legal agreements between the incubation center and the startups, as well as the financial terms, funding options, and equity arrangements.
  • Monitoring and Evaluation: Defining the metrics to track the progress of startups, how to conduct regular reviews, and steps for handling underperforming startups.
  • Networking and Events: Organizing networking opportunities, workshops, seminars, and events to foster collaboration and knowledge sharing among startups.
  • Exit Strategy: Outlining the process for graduation or exit of startups from the incubation program, which may include a successful transition plan.
  • Intellectual Property Rights (IPR): Addressing the management of intellectual property rights and how to handle disputes if they arise.
  • Confidentiality and Data Security: Ensuring the confidentiality of sensitive information and implementing data security measures.
  • Code of Conduct: Establishing a code of conduct for all stakeholders involved in the incubation center, including startups, mentors, and staff.
  • Supporting Entrepreneurship: Encouraging and fostering an entrepreneurial culture by providing a conducive environment for aspiring entrepreneurs to pursue their innovative ideas and turn them into viable businesses.
  • Accelerating Growth: Assisting startups in accelerating their growth by offering access to resources, infrastructure, mentorship, and expertise that they might not have on their own.
  • Reducing Failure Rate: Minimizing the failure rate of startups by providing guidance, support, and mentoring to help them overcome challenges and navigate through critical stages of development.
  • Facilitating Networking and Collaboration: Creating opportunities for startups to connect with potential investors, industry experts, strategic partners, and other startups, fostering collaboration and knowledge sharing.
  • Access to Funding: Helping startups secure funding by connecting them with investors, venture capitalists, or facilitating access to grants and other financial resources.
  • Validation and Market Testing: Assisting startups in validating their business models and testing their products or services in the market, ensuring their offering meets real-world demands.
  • Business Development and Strategy: Guiding startups in refining their business strategies, market positioning, and competitive advantage to maximize their chances of success.
  • Providing Training and Workshops: Offering workshops, training sessions, and seminars to enhance the entrepreneurial skills and knowledge of the startup founders.
  • Intellectual Property Protection: Assisting startups in understanding and protecting their intellectual property rights, safeguarding their innovations and creations.
  • Graduation and Sustainability: Graduating successful startups from the incubation program and helping them transition to the market independently with a sustainable business model.
S.NoName Designation
1.Ms. M.K.TeresaCEO
2.Mr. A. John WilliamManager
3.Ms. I. DelphiAdmin
4.Ms. A. Sahaya RaniAccountant
S.NoNameDesignation
1. Dr. Sujatha Jamuna AnandHead of the Incubator
2. Ms. Xavier SelviInvestment Head
3. Mr. D. UmamaheswaranStartup Expert
4. Mr. JoshuaStartup Expert
5. Mr. PrasanthStartup Expert
6. Mr. Ganesan NarayanasamyTechnical Advisor, Open Power Global Leader, IBM
7. Ms. B. PriyadharsiniTechnical Expert
8. Ms. R. KumuthaTechnical Expert
9. Dr. R. SenthilkumarMember
10. Dr. V. L. RajaMember
11. Dr. V. BalajiMember
12. Dr. A. LakshmipriyaMember
13. Dr. S. SankarMember
14. Mr. D. PrabhuMember
DPIIT RECOGNIZED STARTUPS
Name of the FounderContact DetailsAddress for CommunicationSector of StartupYear of IncorporationDPIIT REG NOStartup Website
Dhevibala97909468982, Mangali Nagar, Arumbakkam, Chennai 600106Repair Services2015 DIPP1598www.bigfix.in
Umamaheswaran97909468981, Deivanai Street, Karthekeyan Nagar, Maduravoyal, Chennai 600095Insuretech2022 DIPP117349www.assurify.in
Kirthika9150155953MS Complex, Shop No. 4, 19/5, Balaji Nagar 19th Street, Puzhuthivakkam, Chennai – 600091Agritech2018 DIPP117758www.organicpositive.in
Sl.No.NameDesignationRole
1Dr.V.BalajiHOD/MechChairperson
2Dr.Sujatha Jamuna AnandPrincipalMember
3Dr.LakshmipriyaProfessor/ ECEMember
4Dr.G.BhuvaneswariHOD/CSEMember
5Dr. V. L. RajaProfessor/ MechMember
6Dr.Isac PaulrajAP/S&HMember
7Dr.P.BalamuruganAP/EEEMember
8Mr.K.ThanigavelmuruganAP /MechMember
9Mr.D.PrabhuAP/ITMember
10Dr.S.V.PriyaAP/ECEMember
11Dr.G.SooriyapriyaAP/EEEMember

The Program started with a welcome address by our beloved Principal Dr.Sujatha Anand. Then the session was headed by Mr. D. Ananda Raj, Founder and Researcher, Study Channel Educational Trust. He began the session with a warm up mind game.

It is then followed by an Interaction session which motivated the students .The students were asked to participate in Quiz competition that involved a variety of brain development and common sense related Questions. The session also involved an Amplitude Analysis Test.

Mr. Saravanan , then spoke about the importance of women safety and also the various self-defense training activities were taught for the students.

Then, he delivered a speech for motivating the students to develop creative innovative ideas and guidelines to become a part of incubation centers.

The Program then came to an end with a feedback session and vote of Thanks.

The Program was useful and inspiring for the students. The program was a grand success and paved the way for the career development and women safety.


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INNOVATIVE PROJECTS BY OUR STUDENTS

  • COST EFFECTIVE POLYHOUSE AUTOMATION FOR IMPROVED YIELD AND QUALITY OF CROPS USING WSN AND IOT
  • IMPROVED ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY USING AQUAPONICS IN AGRICULTURE
  • DESIGN OF VEHICLE ADVANCEMENT FOR CRIPPLED
  • INDOOR AIR QUALITY MONITORING SYSTEM FOR RURAL AND URBAN INDIVIDUAL LIVING SPACE
  • AUTO ELECTRIC POWER GENERATING MOTORCYCLE
  • DESIGN ADVANCEMENT OF HYBRID SUPRA PASSENGER CAR
  • EXPERIMENTAL STUDY OF SMART FARMING USING GELATIN CAPSULES AND SPRINKLER IRRIGATION
  • EXPERIMENTAL INVESTIGATION ON STRENGTH CHARACTERISTICS OF CONCRETE BY COMPLETE REPLACEMENT OF RIVER SAND BY SEA SAND AND CRUSHED STONE AGGREGATE
  • AUTONOMOUS FREIGHT TRANSPORT VEHICLE FOR INDOOR ORGANISATION USING ANDROID APPLICATION
  • SMART SEWAGE CLEARNER
  • CROCHET ALGORITHM BASED MPPT INVERTER CONTROLLER FOR GRID CONNECTED WIND TURBINE AND PV SYSTEM

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