Symbiosis Institute of Business Management, Hyderabad (SIBM-H) is launching an incubation zone to promote innovative startups. The institute seeks to support ten startups from the Symbiosis International University(SIU) in the initial stage.
However, depending on the response and quality of ideas it would extend facilities to more number of startups in the proposed incubation zone, according to SIBM-H director Ravi Kumar.
Apart from providing necessary infrastructure free of cost to the startups, the institute would also facilitate mentorship from IT industry association Nasscom and arrange interaction with angel investors and other entrepreneurs for guidance and funding, he said.
The SIU and Nasscom jointly organised a seminar on startup confluence at Hyderabad startup incubation centre, T-Hub, on Sunday ahead of the proposed launch of campus incubation zone. The university students presented four startup ideas during the event, according to the university.