BIC
Business Incubation Centre (BIC)
Established in 2015, the Business Incubation Centre (BIC) at Malla Reddy Engineering College (Autonomous) promotes entrepreneurship and hones creative student talent right on campus.
MREC-BIC nurtures students with an entrepreneurial mindset, guiding them to turn innovative ideas into viable, scalable business ventures. BIC is proudly associated with T-Hub (IIIT-H Campus, Gachibowli) and selected for Industry-Academia Collaboration in Skill Development with BOSCH.
Registered with MSME Udyam, Govt. of India (Regd No. UDYAM-TS-20-0016996) and officially approved as a Host Institute (HI) under the MSME Champion Scheme on 08-03-2022.
BIC Coordinator
“At the Business Incubation Centre, our objective is to ignite the spirit of innovation among students and faculty. We offer structured technical guidance, intellectual property support, and startup acceleration to transform raw ideas into commercially successful products.”
Vision
To become a highly competent Incubator facilitating new-age entrepreneurs and young minds to transform their innovative ideas into viable business propositions.
Mission
- Nurture and empower next-generation entrepreneurs to solve local and global challenges.
- Collaborate with world-class technical and commercialization experts through awareness, training, coaching, and mentoring programs.
- Promote new technology, knowledge, and innovation-based startups among students, alumni, and faculty.
Objectives
MREC-BIC is driven by target milestones designed to foster innovation and sustainable business growth:
BIC Facilities
IPR Facilitation Centre: Legal attorney support in filing Patent and CA for company registrations.
Networking Support: Connect incubatees with investors, corporates, and Govt funding bodies.
Supporting Activities: Awareness programs, workshops, invited talks on innovation, competitions, hackathons, project expos, and idea contests.
Modeling and verification of systems for real-time applications to avoid time consumption in manufacturing. Design and verification of Integrated Chips (IC) layout design, schematic, power calculation, and processing speed optimization.
Robust machinery including Stir Casting machine, Lathe Machines, Hydraulic press, Welding machine, and Fly press suitable for producing prototypes. 3D Printing Machine for fast, personalized prototypes and Microscopes for ensuring microstructure quality.
BIC Activities (2023 - 2024)
Session / Panel Discussion with Innovation & Start-up Ecosystem Enablers
Objectives of the Program: 1. The discussion aims to identify strategies to strengthen the overall startup ecosystem. 2. Promoting incubators and accelerators, encouraging research and development, and fostering a culture of entrepreneurship. Participants gained direct awareness of state and national startup ecosystem opportunities.
Demo Day / Exhibition / Poster Presentation of Start-Ups & Linkage with Innovation Ambassadors
Objective & Outcome: Organized Demo and Poster Presentations of Student Start-Ups with direct evaluation by Innovation Ambassadors on campus. Student business plans were systematically reviewed, and founders were guided to register on Udyam and Startup India portals.
BIC Activities (2022 - 2023)
MSME Innovation Scheme Awareness & Prototyping Workshop
Special orientation program highlighting Host Institute (HI) capabilities, grant opportunities under the MSME Champion Scheme, and hands-on rapid prototyping tools for budding entrepreneurs.
BIC Achievements & Granted Patents
Key technological breakthroughs and patent recognitions under MSME Hackathons and IPR schemes:
Autonomous Wheel Chair
Selected under MSME Idea Hackathon 2.0 / 3.0 for smart mobility assistance.
UV Sterilizer (Fruvetize)
Compact sanitation technology commercialized for rapid surface disinfection.
Portable Ventilator
Emergency low-cost medical respiration unit engineered for rapid deployment.
Details of Granted IPR-Patents
- Elevated Tennis Courts with Hydraulic Operating Mechanism — Patent No: 448317
- A Foldable Television Remote Design — Patent No: 339043-001
Graduated Startups
Prominent alumni startup ventures incubated at MREC-BIC crossing major revenue milestones:
