CSR Partnership with KIIT-TBI

/CSR Partnership with KIIT-TBI
CSR Partnership with KIIT-TBI2018-04-02T17:15:01+00:00

KIIT-TBI and CSR activities

As per Section 135 of the Companies Act 2013, large companies are expected to spend 2% of the average net profits towards Corporate Social Responsibility (CSR) Projects. KIIT-TBI is a not-for-profit technology business incubator hosted at Kalinga Institute of Industrial Technology (KIIT), and hence is eligible under Section 135, Schedule 7 of the Companies Act 2013.
(Please visit the link see item (ix) under Schedule VII)

KIIT-TBI Overview

KIIT-TBI is registered as a society under the Societies Registration Act 1860.

  • KIIT-TBI was incorporated in 2008.
  • KIIT-TBI is a technology business incubator approved by following agencies of Government of India.
    1. Department of Science and Technology’s National Science and Technology Entrepreneurship Development Board (DST-NSTEDB), Govt of India.
    2. Department of Biotechnology’s Biotechnology Industry Research Assistance Council (BIRAC), Govt of India.
    3. Technology Development (TDB) Board and Department of Electronics and Information Technology (DEITY), Govt of India.
    4. MSME, Govt of India
  • KIIT-TBI has an infrastructure of over 60000 sqft, which can accommodate about 60 companies at a time.
  • KIIT-TBI is setting up centre of excellence in Digital Health and precision agriculture and going to promote 50 more companies in this sector.
  • KIIT-TBI is promoting 40 social enterprises in the state of Odisha and Jharkhand.

Collaborators

Event Organised

CSR funding

KIIT-TBI can accept CSR contribution from corporate for the sole purpose of CSR activities only.

Corporate can support the following activities under their CSR initiative

1. Nurturing Women entrepreneurs/SHGs at Rural sector > Rs. 50 lakh This fund will be used for Capacity building, operational expenses, and market linkage for establishing Women Technology Park.
2 Innovation and Seed fund > Rs. 30 lakh Seed support for incubatee to help with their initial operational expenses and funding for social start ups – products / services having social impact
3. Infrastructure fund > Rs. 50 lakh Fund for supporting creation of additional space, shared facilities, equipment, components and raw materials.
4. Capacity building and resource center ~ Rs. 10 lakh For supporting market research, proof of concept, product development, cost for IP protection cost of experts, mentors, consultants etc.
5 Fellowships/ internships fund ~ Rs. 10 lakh Supporting interns, Entrepreneur in residence (EIR), Innovation fellowship and grand challenge program.
6 Implementation of public welfare program in the operational area of Corporate. As per the actual project cost Funds will be used to implement various public welfare program such as access to education, health care, skill development, women entrepreneurship, access to safe drinking water, energy etc.

Benefit for CSR contributors

KIIT-TBI shall mention the CSR contributors on its website including naming rights will be provided.

CSR Reporting

KIIT-TBI will provide periodic reports on the following aspects to help the corporate meet its annual reporting requirements under CSR rules.

  • Activities undertaken
  • Utilization of funds / financial report against planned budget
  • Impact of activities undertaken

TEAM CSR

Samir Mishra
Advisor – CSR

samir@kiitincubator.in
+91 8763112595

Dipti Sundar Mohanty
Consultant – CSR

dipti@kiitincubator.in
+91 9338650490