IIMU Incubation Center’s New Program Allows To Build Own Ventures 

IIMU Incubation Center’s New Program Allows Entrepreneurs to Build their Own Ventures 

Applications open on November 24th, 2020 for eligible candidates

Editor’s Synopsis:

• Indian Institute of Management Udaipur Incubation Center announced applications for Pre-Incubation Program 2020.
• This program is sector-agnostic and is open to all students, professionals, and entrepreneurs who want to convert their idea into a venture.
• Applications open on November 24^th, 2020

Indian Institute of Management Udaipur Incubation Center (IIMUIC) announced applications for Pre-Incubation Program 2020 with the vision of transforming entrepreneurial ideas into a reality and building successful ventures. The program will run for ten weeks, starting from the week of January 3^rd, 2021. It will provide a platform for aspiring entrepreneurs to work on their ideas.

COVID-19 has hit businesses and entrepreneurs alike and affected their ideas even before they had a chance to work on them. In such a scenario, this program of IIMUIC is aimed at empowering budding and aspiring entrepreneurs with an entrepreneurial mindset and business skills necessary to create their own venture from the ground-up. Additionally, they will also develop intrapreneurship skills, and get them started on the venture journey.

On this development, Suresh Dhaka, COO, IIMU IC said, “At IIM Udaipur, entrepreneurship is one of the key building blocks. We endeavor to have a positive impact on the world of business through our curriculum efforts on entrepreneurship. We want to foster innovation and create a socially responsible impact.”

“This is not a theoretical program – you will actually start your venture and build it as you progress through this program,” she added.

Eligibility

• Working Professionals
• Entrepreneurs
• Students

Program Highlights

• Cohort based structured program
• Practical Masterclasses with Experts
• Group Mentoring Sessions
• Investor and Mentor Connect
• Certificate of Completion from IIMUIC
• Incubation Opportunity for Selected Startups
• Chance to qualify for TIDE 2.0 grant under MeitY scheme

The program structure includes generating and selecting ideas; forming and developing a team; creating and validating the business model; building and testing MVP; achieving a product-solution-market fit; raising and spending seed capital; identifying and managing partnerships; and acquiring and keeping customers, as well as scaling the business.

 Important Dates

The latest program is sector-agnostic and is supported by Amazon Web Services, Google Cloud, Wadhwani Foundation and Saksham- The Entrepreneurship Cell of IIM Udaipur. Due to the ongoing pandemic, the program will be held virtually.

For more information, visit: https://iimuic.org/pre-incubation

About IIM Udaipur:

For more than fifty years, IIMs have become recognized as premier management institutions, comparable to the best in the world for teaching, research, and interaction with industry. IIMU also aims to set a new benchmark in the field of management education by combining excellence in both teaching and research.

IIM Udaipur

The Institute has arrived on the global education stage by getting accreditation from the AACSB (Association to Advance Collegiate Schools of Business) in merely eight years of its establishment. With this accreditation, IIM Udaipur is now counted in the same league of global institutes like Harvard Business School, Wharton School at the University of Pennsylvania, and the MIT Sloan School. IIMU has recently been listed on the QS 2021 Masters in Management (MIM) Rankings as well as the Financial Times (FT) MIM Ranking 2020. IIMU is the youngest B-school in the world on both these rankings. According to the National Institutional Ranking Framework (NIRF) 2020, IIM Udaipur is ranked 17th amongst all B-Schools. IIMU is currently ranked 4th in India for research in the field of management according to the methodology used by UT Dallas which tracks publications in the leading global journals.

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