IIT-Bombay start-up incubator goes for expansion.

Society for Innovation and Entrepreneurship (SINE), the incubation centre at IIT Bombay, is looking to expand its operations as it sees steep rise in number of student-start-ups vying for space.

The 12-year-old incubator has 28 start-ups. It expects the number to rise to 50-60 by next year and to 200 over the next six years, said Milind Atrey, chief executive, SINE.

Of the 28 start-ups being incubated at SINE, 20 are housed in the facility and the remaining eight are being virtually mentored. Over the last decade, SINE has taken 82 start-ups under its umbrella, of which 40 have been graduated.

“We are open to our alumni and students. At least one co-founder should be from our institute. That is because we are running short of space. Suddenly, so much of enthusiasm has come that right now we are incubating 28 companies and 15 are on waiting list,” said Atrey.

BS