Page 12 - IIMV-PGP2-Placement-Brochure

Institute’s Entrepreneurship

Initiatives Visakhapatnam is turning into a hub for start-ups. The
opportunities here are tremendous for entrepreneurs.
The ecosystem of the city is characterised by the
presence of many big manufacturing companies,
the developing IT sector, pharmaceutical industry,
educational institutes, corporate offices and the
mesmerizing beaches and mountains. The city
provides the right atmosphere for any entrepreneurial
venture to prosper. The Incubation Centre at IIM
Visakhapatnam is working towards the development
of the entrepreneurial ecosystem of Andhra Pradesh. It
has already begun to create an impact by mentoring and
Women Startup supporting women entrepreneurs. At the Incubation
Centre, we provide a platform for entrepreneurial
Program ventures to connect with mentors, academia, and other
key players for entrepreneurial development. The
IIM Visakhapatnam is working towards incubated entrepreneurs get access to various services
supporting and nurturing the budding which are necessary for the growth of their ventures.
entrepreneurs from the region of Andhra Read more
Pradesh and Telangana. Considered to
be one of the nation’s premier institute
in providing management education, IIM
Visakhapatnam has moved a step further in
developing the entrepreneurial ecosystem
of this region. By providing access to
its world-class academic resources and
facilities, the institute aims at producing
highly scalable ventures. Though still in the
initial stage, the institute has tremendously
shown progress in supporting and
mentoring the incubated ventures.
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TIDE

IIM Visakhapatnam Incubation Centre, in collaboration with
Ministry of Electronics and Information Technology (MeitY) has
set up a TIDE Incubation Centre under TIDE 2.0 Scheme. This
scheme aims to promote tech entrepreneurship by providing
financial and technical support to promising ideas. The
selected ideas are being incubated at the Incubation center of
IIM Visakhapatnam. The incubator, IIM-V, will get a grant-in-aid
of Rs 1.7 crore from the ministry of electronics and information
technology (MeiTY) to play the role of an angel investor in these
start-ups. MeiTY has sanctioned IIM-V as a G3C (Group-3 Centre)
incubator. G3Cs, according to the MeiTY website, are supposed
to ‘initiate and evangelize innovation and entrepreneurship
ecosystems in unexplored regions. For this project, IIM-V has
floated the IIMV Foundation for Incubation, Entrepreneurial
Learning & Development (IIMV-FIELD). The Tide centre has to
be operated as a Section 8 company with a mandate to nurture
and support technology start-ups.
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