Pune: The MIT-WPU Technology Business Incubator (MIT-TBI) is rapidly emerging as a catalyst for entrepreneurial transformation in Pune, empowering young innovators to build startups that address real-world social and economic challenges.
Located at the MIT World Peace University campus in Kothrud, MIT-TBI is a nationally recognized incubation center supported by the Department of Science and Technology (DST), Government of India.
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Speaking at a recent press conference, Prof Prakash Joshi, Director of MIT-TBI, emphasized the incubator’s mission: “Startups have the power to change lives. Our goal is to shift youth mindsets from job-seeking to job-creating, especially by solving problems that impact the common man.”
Echoing the sentiment, Ninad Patil, CEO of MIT-TBI, highlighted that the incubator is deeply focused on supporting student-led innovations and socially impactful ventures.
MIT-WPU Technology Business Incubator at a Glance
- Recognized by the DST as a Technology Business Incubator
- 11,000 sq. ft. innovation space with co-working and rapid prototyping labs
- Supported 75 startups to date; 36 actively incubated and 20 funded
- Participates in Startup India Seed Fund Scheme for early-stage grant support
- Hosts demo days, pitch competitions, and startup showcases
- Conducts outreach programs in colleges to promote grassroots innovation
MIT-WPU Technology Business Incubator provides a nurturing environment with personalized mentoring, technical guidance, marketing support, and access to a vibrant startup ecosystem.
The facility’s prototyping lab and network of experienced mentors create a launchpad for ventures across sectors like health tech, agri-tech, sustainability, AI, and deep tech.
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“Startups face a 90% failure rate. That’s why we prioritize hands-on mentorship and strategic focus on marketing and finance,” said Prof. Joshi, stressing the importance of holistic incubation.
The incubator has already created ripple effects across Pune’s academic and entrepreneurial circles. By conducting in-college activations and entrepreneurial outreach programs, MIT-TBI is identifying promising ideas and turning them into viable ventures.
The MIT-WPU Technology Business Incubator is now inviting aspiring entrepreneurs – students, intrapreneurs, industry veterans, and visionaries – to leverage its ecosystem for building impactful, scalable, and sustainable startups.
