The TECHNOLOGY BUSINESS INCUBATION CENTRE (TBIC)-MCET is functioning from 2007 under the Entrepreneurship Development Cell MCET with an objective to give an incentive to the students to start their own entrepreneurial ventures. It conducts regular workshops for pre final year students on various aspects regarding startups marketing and preparation of project reports, financial supports and mentoring venture capitals etc. It provides incubation support to potential entrepreneurs from among their students. TIBIC-MCET also provides ready to move in plug and play facilities including computer system , internet accessibility, scanning machining, printer, work station etc in addition to the expert advisory and mentoring provided inside the campus startup companies are functioning successfully. TBIC MCET is currently functioning under the leadership of Dr.Ashalatha Thampuran ,Director MCET as President,Prof .N.Rajesh Prabha as coordinator and Prof.Pradeep Raj as Secretary.
So far 8 companies have started their service from here. Five companies DOODLE security, Synoid Bioscience, Ser-Q Technologies and Hello Infinity Business Solutions and K & T Design Engineering solutions have moved out of the institution and are doing well in their respective fields.
At present 3 companies namely, Zaagpro , Cerca Trova Technologies and consultancies and Envirous Biotech Solutions and Consultancy are working from TIBIC –MCET currently.
Startup boot camp in association with Startup Village, Kochi is also functioning under TIBIC-MCET