Center For Business Innovation, Entrepreneurship, And Incubation

Centre for Business Innovation, Entrepreneurship, and Incubation

Introduction

Innovation, in simple words, is a novel idea made into a good product and marketed well by understanding user needs and behaviour. It, thus, needs to be carefully nurtured and managed, both in from the point of view of technology as well as processes as it brings discontinuous changes into the system. Business innovation does not necessarily have to start by inventing a product or a prototype, the platforms and the idea of shared economy is testament to the power of ideation. Bright minds around the world have powerful ideas; however, they need institutional support and grounding within the ecosystem.

The Centre for Business Innovation, Entrepreneurship, and Incubation at IMI New Delhi is dedicated to innovative practices that solve real-world problems. It caters to such needs of bright minds to receive coaching in identifying business opportunities, getting mentored by seasoned entrepreneurs, and be a part of a start-up accelerator. The centre enables IMI students and alumni to start-up businesses and be a part of the Start-Up India initiative.

Mission

To disseminate knowledge on business innovations, and promote entrepreneurship by providing training, mentorship, and access to capital to start-ups for establishing new ideas and scaling up early-stage start-ups.

Vision

The Centre for Business Innovation would serve as a centre for excellence serving the following needs:

# Confluence of ideas and knowledge on business innovations and entrepreneurship

# Providing incubation to early-stage start-ups

# Providing access to VC funding and mentoring

# Accelerator for early-stage start-ups

People Advisors
Prof. Himadri Das Prof. (Retd.) Dhruv Nath
Prof. Sonu Goyal Mr. Arunabh Sinha, Founder, UClean
Prof. Devasheesh Mathur (Chairperson) Mr. Abhishek Mahawar, Founder, Earthood
  Mr. Rajesh Joshi, Ex-CEO, Atal Incubation Centre, GIM
  Mr. Samar Singla, Founder, Jugnoo


Activities
Awareness and Education
1. Student awareness drive with help of Wadhwani Foundation
2. Develop Indian business / entrepreneurial cases and content
3. Elective Courses on Entrepreneurship
4. Training programs & workshops for established organizations
Start-up - Incubation / Accelerator / Design Lab
1. Student Start-ups
2. Alumni (Professionals wanting to start-up)
Consulting
1. Large organizations who are setting up Innovation / Start-up funds
2. Innovation Evaluation & Strategic Innovation Advisory
Collaborations
1. With relevant individuals and centres across the world to be part of the global discourse on disruptions 
2. TEDxIMI
3. Entrepreneurship Cell, IMI
4. Tinkering Labs under AIM
Thought leadership
1. Roundtables to inform policy and set research agenda
2. Annual Global Conference on Entrepreneurship
Start-Up Hackathons
This would be a national event, where both ideas for start-ups can be pitched, as well as early-stage start-ups can pitch for accelerator services.
Shark Tank Simulations
For IMI students, simulating Shark Tank pitching, would give them an opportunity to experience how to pitch start-ups ideas.