Celebrating 15 Years of Entrepreneurial Excellence: Manipal Universal Technology Business Incubator (MUTBI)

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Established in 2010, MUTBI has been instrumental in transforming early-stage ideas into viable startups, contributing significantly to India's innovation ecosystem. From student-led ventures to high-growth deep-tech enterprises, MUTBI has nurtured technology-driven startups that solve real-world problems in key sectors like InfoTech, HealthTech, AgriTech, and CleanTech.

🏆 15 Years of Entrepreneurial Excellence: At a Glance

• 🚀 76 startups incubated
• 🌱 15 startups supported through pre-incubation
• 💰 Rs. 50+ crore investments mobilized
• 📈 Rs. 64+ crore in cumulative startup revenues
• 👥 600+ jobs and internships created

MUTBI not only fuels business creation but also fosters social innovation and inclusive development, thanks to partnerships with HDFC Bank Parivartan, MeitY, BIRAC, and others.

💼 Startup Spotlight: Success Stories

Fracktal Works Pvt. Ltd.

Founded by MIT-Manipal alumni, Fracktal is a trailblazer in India’s 3D printing space. With Rs. 15 Cr in revenue, Rs. 5 Cr in funding, and Rs. 8 Cr in Ministry of Heavy Industries grant, the startup has deployed over 900 machines and created 100+ jobs. Clients include TVS Motors, GE Healthcare, Bosch, and IIT Bombay.

Blackfrog Technologies Pvt. Ltd.

Creators of Emvolio, a WHO-prequalified medical-grade vaccine carrier, Blackfrog has deployed 1,000+ units, generated Rs. 9.06 Cr revenue, and raised Rs. 2.4 Cr in funding. It is one of India’s most celebrated med-tech startups supported under NIDHI-EIR.

🔍 Our Programs: Comprehensive Support from Idea to Scale

1. DST NIDHI-EIR

Fellowship up to Rs. 3.6 lakh/year for science & tech graduates

• 63 fellows supported
• 25 startups created
• Rs. 17 Cr in funding raised
• Rs. 11 Cr in revenue
• 150+ jobs created

2. DST NIDHI-PRAYAS

Grants up to Rs. 10 lakh for 18 months to build physical prototypes

• 24 innovators supported
• 24 products built
• 5 patents filed
• 100+ employment opportunities created

3. DST NIDHI-SSP

Equity-based seed funding up to Rs. 25 lakh

• 7 startups supported
• Rs. 2 Cr+ disbursed

4. MeitY-GENESIS

Part of MeitY’s flagship Digital India mission, providing EiR, pilot funding, and investment support

• 3 startups supported

5. HDFC Parivartan CSR Grant

Supports social enterprises with measurable impact

• 3 startups supported 

🌐 MAHE: A University-Backed Ecosystem for Innovation

Being part of MAHE, an Institution of Eminence, gives MUTBI startups direct access to:

• 🧪 World-class labs and central research facilities
• 🧠 Mentor pool
• 🤝 Collaborations with corporates, investors, and academia

MAHE’s unique innovation fabric fuels MUTBI's ability to help startups not just launch, but grow sustainably.

🎤 Events & Ecosystem Engagement

MUTBI organizes:

• Startup Hackathons and Ideathons
• Investor Connects and Demo Days
• Entrepreneurship Development Workshops
• Innovation Awareness Campaigns
• Manipal Entrepreneurship Summit

These initiatives help founders build, validate, pitch, and grow with confidence.

📣 Ready to Launch Your Startup Journey?

Whether you're an aspiring entrepreneur, a student innovator, or an early-stage startup founder, MUTBI offers the platform, mentorship, funding, and infrastructure you need to succeed.

✅ Apply Now for Incubation: https://mutbimanipal.org
📍 Location: MAHE Campus, Manipal, Karnataka
📬 Contact: mutbi.mit@manipal.edu | 0820 2925051

This article has been submitted by Manipal Academy of Higher Education (MAHE). We have no direct involvement in its creation, and the views and opinions expressed in this piece are solely those of the author(s) or institution. They do not necessarily reflect our views or endorsements.