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

Applications open on November 24th, 2020 for eligible candidates

November 23th, 2020; 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 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 skillsnecessary 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,β€œAt IIMUdaipur, 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.”

β€œThis 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
January 3rd 2021 Program Starts
Week 3 March 2021 Program Ends
Week 3 March 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