Forge is the incubation enterprise launched by the Coimbatore Innovation & Business Incubator (CIBI), founded with the vision to create & catalyse innovation powered enterprises that harness the power at the intersection of hardware, software, and computing technologies to solve real-world problems, creating economic gains and delivering social impact.
FORGE.FACTORY – the 20,000 sq.ft incubator established in Coimbatore, includes HWjunction – the fully integrated lab for full-spectrum product (hardware) innovation offering equipment, tools, and resources in computing (AI/ML), IoT, electronics, desktop fabrication, 3D printing, drones, and automation & robotics, to support the design, development, and testing of ‘manufacturing’ ready prototypes of innovative products. Forge offers holistic incubation services covering innovation labs, incubation grant, acceleration, and seed capital investment to transform innovative ideas into successful enterprises with potential for growth, impacts and profits.
Forge has achieved steady and significant progress in its vision to become a 360D Incubation Enterprise, built on the 3 pillars of our strategy and operations – value creation & delivery, revenue generation, and self-sustainable growth. Founded on this principle is its strategy to build a portfolio of programs to offer a comprehensive suite of services throughout the startup lifecycle from ideas to enterprises.
Forge – The Partner Incubator for Open Industrial Innovation
Forge as a partner incubator empowers Government, Industry, and Academia to exploit strategic opportunities through Innovation powered by deep-technologies such as artificial intelligence, data science, robotics, power electronics, augmented reality/virtual reality, and IoT. By combining frontier Technology and future-ready Talent, we help our Partners drive operational excellence outcomes and achieve business growth goals, through collaboration and co-creation with startups at speed and scale via a managed innovation framework.
In recent years, though we see the Indian startup ecosystem thriving, the indigenous engineering talent adept at exploiting & harnessing futuristic technologies have predominantly been focused on building replicas of consumer-internet products of the modern Silicon Valley owing to the high rate of investment flow in the space. Forge intends to bring a change and shift the focus towards industrial deep-tech startups which hold the key to solving India’s toughest challenges in areas like manufacturing, transportation, urban infrastructure, healthcare, agriculture, water management, and various other issues impeding the economic and social development of the nation.
Forge as a catalyst for this process of Entrepreneurship, helps innovators and founders acquire and develop the resources and capacity to transform their innovative ideas into high-growth enterprises. The pivotal role played by the skills and competencies of these protagonists in key functional areas covering technology, innovation, business strategy and development, financial planning, operations, etc. can never be overestimated. And equally critical is the need for a structured and systematic approach to offering the necessary training, mentoring, and financing support to these visionaries.
To know more about our programs visit us at: www.forgeforward.in
About IIC or Preamble:
In the year 2018, the Ministry of Education (MoE) through MoE’s Innovation Cell (MIC) launched the Institution’s Innovation Council (IIC) program in collaboration with AICTE for Higher Educational Institutions (HEIs) to systematically foster the culture of innovation and start-up ecosystem in education institutions.
KCT – Institution’s Innovation Council (KCT – IIC) was started in the academic year 2018-19 as per the guidelines of MIC and AICTE for the benefits of students and faculty members of the College.
Primarily, the role of IIC is to engage large number of faculty members, students and staff in various innovation and entrepreneurship related activities such as ideation, Problem solving, Proof of Concept development, Design Thinking, IPR, project handling and management at Pre-incubation/Incubation stage, etc., so that innovation and entrepreneurship ecosystem gets established and stabilized in the College.
KCT provides infrastructure facilities and forums for the students and faculty members to promote and establish Innovation and start up eco system in the campus.