IIMU Incubation Center’s New Program Allows Entrepreneurs to Build their Own Ventures
Udaipur: 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 3rd, 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 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 endeavour 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
| November 24th 2020 | Applications Open |
| December 24th 2020 | Applications Close |
| Week January 3rd 2021 | Program Starts |
| Week 3 March 2021 | Program Ends |
| Week March 3rd 2021 | Graduation Day |
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