Centre for Entrepreneurship Development and Incubation

Centre for Entrepreneurship Development and Incubation (CEDI)

Call for Innovative Ideas & Startups - 2020

Center for Entrepreneurship Development and Incubation (CEDI) is an independent company promoted by the National Institute of Technology, Trichy. CEDI was established in 2012, and is currently registered under Section 8 of the Companies Act. CEDI has created a comprehensive Entrepreneurial eco-system at NIT, Trichy. CEDI enables young entrepreneurs to initiate technology start-up companies for commercial exploration of technologies developed by them in the areas of ICT and Electronics.

CEDI is implementing a project Technological Incubation and Development of Entrepreneurs (TIDE) funded by Department of Electronics and Information Technology, Ministry of Communications & Information Technology, Govt. of India to promote start-up companies in the areas of ICT and Electronics. CEDI cultivates a rare breed of entrepreneurs by incubating, accelerating, mentoring and funding innovative start-ups. CEDI facilitates the Incubatee companies to access NITT’s common Infrastructure facilities, departmental laboratories and other resources of NITT for their product development purposes. Incubatee companies have access to brain power of NITT’s high calibre students through internships.

A space to grow

CEDI is dedicated to help the student community and graduate start-ups and, helps entrepreneurs turn ideas into viable businesses. CEDI is located in the Central Library building, NIT Campus which provides access to office space, business advice and other support services to new and budding start-ups, nurturing their development until they are ready to graduate onto an independent enterprise.

The Centre provides services designed to help you grow, including:

  • R & D and Incubation Facilities: For eligible applicants we provide access to office equipment, including PCs, laptop access points, phones and standard office furniture.
  • Mentor Network: Our quarterly reviews monitor your progress and ensure you have the right support you need.
  • Networking: Informative sessions designed to connect our community of entrepreneurs. The sessions provide excellent opportunities to promote your business and gain information about start-up resources.
  • Access to NITT Intelligence: Establish relationships and gather inspiration from other businesses, students, alumni, and expert technical faculties from NITT.

CEDI provides seed fund up to 25.00 Lakhs for technology-oriented innovative business ideas. All the necessary mentoring and support for mobilizing funds, creating access to markets, augmenting managerial skills etc. are provided by CEDI. CEDI NIT Trichy and Sonata Software has announced a partnership to promote student innovation and entrepreneurship. In addition to technical and managerial support, Sonata has committed significant funding to CEDI NIT Trichy to support technology business incubation.

CEDI has already incubated 10 innovative businesses in diverse areas in the last three years. Opportunities are provided for seed fund support, incubation of innovative businesses in IT/Electronics domain and majorly focused in the areas of SMAC and IOT