IARE ACIC - Business Plan
IARE ACIC - Business Plan
IARE ACIC - Business Plan
1|Page
b. The core strengths of the Incubation Centre and the achievements of the Incubator till date:
For the past 15 years IARE, along with its manufacturing industry partners, has been working at the
forefront of creating products through innovative approaches to provide scope for young minds. This
serves as an enabler to create an ecosystem for smart technology implementation to accelerate the modern
trens in agriculture field, a team of professors from IARE visited Israel and participated in Indo- Israel
Partnership programme and inked an understanding with Indian Technology Congress Association (ITCA).
From the state of the art in thread, Institute of Aeronautical Engineering working with research and
innovation in field of unmanned aerial systems recently team is worked with new innovation in UAS
domain where Blended Body aircraft that generates high lift to the aircraft and a bi – wing that was added
an advantage in payload carriage and dropping. The twin tail with a dorsal fin was used that increased the
directional stability for the aircraft. On the whole the aircraft showed high stability during flight and
completed its mission in payload carriage and dropping at the desired target. This was well supported by
Aerospace Research and Development Centre and Maker’s Space.
The following four points make explicit the current contribution and commitment of IARE towards smart
agriculture.
1. IARE has already earmarked Rs.1.5 crores internal funding for providing the following facilities:
aircraft materials, serviceable aircraft with all systems, single seated flight simulator, ultra sonic wind
tunnel and universal testing machine.
2. Adoption of villages: IARE is in discussions with two semi–arid for adoption of novel solutions to
improve the agricultural yield.
3. IARE significantly contributed novel solutions to the rural community of Telangana state:
a. Bio inspired robot: Fully automated bio inspired robot which identifies rat holes in farms. It can
even go inside the hole and detect rats.
b. Centicopter: It is a hybrid vehicle which can fly and crawl on land. It is used for surveillance and
carries objects. This vehicle can be enhanced to fully self-directed in stealth mode.
c. Nano air vehicle surveillance system: IoT based Nano Unmanned Air Vehicle (UAV).
d. Multipurpose Hexacopter: Agriculture purpose drone for pest’s density estimation.
The proposed team has been constantly involved in developmental and consultancy activities with industry
in and around Hyderabad These developmental and consultancy jobs have resulted in significant revenue
generation for the companies. The faculty has also generated several patents, including seven in the
manufacturing sector alone. The members of the team from the IT domain are carrying out research in the
areas of IoT, machine learning, artificial intelligence and block chain technology. Since 2008, more than
102 students have obtained internship at the above said industries in the areas of Aerospace sector In
addition few of our students have either founded or cofounded successfully running startups, which is an
ample evidence of an already existing start-up culture. With association with the DST we hope to take a
big leap forward in this direction. Further, we have also identified an Incubator Head with considerable
industry experience and entrepreneurial skills.
c. Incubator team, board members and governance structure - Management and Advisory Team:
The proposed incubator will be led by the Incubator Head, jointly with Dr. L V Narasimha Prasad,
Principal whose duties are to connect incubatees to administration, enlist and screen potential new
incubatees with the help of an expert committee, and deal with the general operations of the incubator. The
proposed incubator facility would be in a 10,000 sft. space with a mix of office and lab space.
Functions of this administrative body:
Ensuring that projects are run in compliance with the Organization’s requirements
2|Page
Providing guidance to project teams
Maintaining and integrating project plans
Tracking and reporting overall progress
Administrating the project budget
Planning and scheduling resources for a group of projects
Monitoring resources utilization
Performing quality reviews
Establishing and maintaining the project documentation library
The teams of experts who will be working in the incubation centre are:
Incubator team:
S No Name Designation Email ID Contact No.
1 Dr. J Sirisha Devi Head [email protected] 7093086402
2 Dr. T Devaraju Coordinator [email protected] 9490049586
3 Mr. P Ravinder Member [email protected] 8297111994
4 Ms. K Lakshmi Revathi Member [email protected] 9550041819
5 Mr. K Vijaya Sekhar Reddy Member [email protected] 9440011892
Board Members:
S No Name Designation Organisation Area of Mentoring
1 Dr. G Nagendra Rao Former Indian Space Research Electronics and Communications
Director Organization, Sriharikota and Satellite Technology
2 Mr. B V Ramana Reddy CEO MTE Form Tools Manufacturing of Rolling
Hyderabad Machines
3 Dr. Madhumita Former Research Centre Imarat Aerodynamic Structures
Chakravarthy Director Hyderabad
4 Mr. Sivaprasad Managing Indriyn Data Analytics IoT and Data Analysis
Tekumudi Director Hyderabad
5 B. Krishna Rao Managing SKM Technologies Manufacturing of High Precision
Director Hyderabad Components and Assemblies.
6 Dr. J V R Prasad Professor Georgia Institute of Vertical and Horizontal Machining
Technology, Atlanta, USA
7 Dr. K G Srinivas Professor NITTT, Chandigarh Cloud Computing and Software
Development
8 Dr. D Govardhan Professor Institute of Aeronautical Unmanned Air Vehicles and Nano
Engineering, Hyderabad Satellite
Creation of a competent administrative and financial team is a key to the success of the proposed IARE –
TIIC of IARE. We planned to establish excellent support mechanism to provide administrative and
financial support to incubatees with involvement of dedicated faculty and experienced staff.
d. Details of present Laboratories Additional Lab facilitates for Support innovation projects
HARDWARE LABS
Strength of Materials Laboratory
Fluid Mechanics and Hydraulics Laboratory
Aerodynamics Laboratory
Aerospace Structures Laboratory
Aircraft Materials and Production Laboratory
Aircraft Systems Laboratory
Flight Controls Laboratory
Aerospace Propulsion Laboratory
Aerospace Composite Structures Laboratory
SOFTWARE LABS
Computer Aided Manufacturing Laboratory
3|Page
Computational Structural Analysis Laboratory
Flight Vehicle Design Laboratory
Computational Aerodynamics Laboratory
The following incubation facilities have already been provided at IARE: Makers Space (Design and
Prototyping), Centre for Prototyping and Manufacturing (CPRM), Centre for Automation and Robotics
(CAR), Aerospace Research and Development Centre (ARDC) and Centre for Soil Testing and Material
Testing.
e. Incubation model being adopted (including selection, exit, seed fund)
Product Development milestones and Timelines
Gantt chart and Budget (Recurring and Non-Recurring)
S Quarter
Activity Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Q10 Q11 Q12
No wise
1 Entering Incubation and
Submit ideas, business plan
2 Selection process of incubatees
3 Accelerator process
4 Seed funding
5 Seed funding assistance for
commercialization
6 Market plan: Business summit
7 Roll out of IARE – TIIC with
sustainable outcome
5|Page