IIM-C rolls out a new start-up incubator, IIMCalcutta Innovation Park

IIM-C has rolled out a new startup incubator IIMCalcutta Innovation Park (IIP) to tap the India's growing start-up eco-system, reports ET.

IIP plans to host about 40 startups over five years. It will focus on five key sectors-healthcare, education, clean technology, lifestyle and analytics.

IIP will provide seed funding of 5- 50 lakh for an undisclosed stake in the ventures. The incubator will receive about Rs 7 crore in funding from the Department of Science and Technology, which will be allocated over the same period.

'The incubator will focus on entrepreneurial venture developing product as well as delivery of services', Ashok Banerjee, Dean (new initiatives and external relations), IIM Calcutta, quoted in the report.

IIP also plans to raise up to 20 crore from its alumni. The management institute counts notable entrepreneurs such as TutorVista founder Krishnan Ganesh, Rediff's Ajit Balakrishnan and Rocket Internet-backed Jabong's Praveen Sinha among its alumni, said the ET report.

IIP will also look to develop start-up enterprises from the eastern part of the country, a region not traditionally known for emerging enterprises.

"The east is still a virgin territory in terms of entrepreneur development, and where we hope to foster change,” mentioned Banerjee.

"The big issue has been the overall infrastructure. Unlike in the US, our really great academic institutions are standalone ones. There is no central ecosystem yet", said Ajit Rangnekar, dean of Indian School of Business, in the report.

Related opportunities

Schools

Indirapuram Group of Schools

Welcome to our world, where every classroom is as important..

Locations looking for expansion Uttar pradesh

Establishment year 2002

Franchising Launch Date 2014

View Detail

Investment size Rs. 10lakh - 20lakh

Space required 10000

Franchise Outlets -NA-

Franchise Type Unit, Multiunit

Headquater Ghaziabad Uttar pradesh
Resort

SADDA PIND

Amritsar, the city of Golden Temple, is also the soul..

Locations looking for expansion Punjab

Establishment year 2000

Franchising Launch Date 2023

View Detail

Investment size Rs. 2 Cr. - 5 Cr

Space required 4000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Amritsar Punjab
Gyms And Fitness Centres

The Gym

THE GYM is a Fitness brand providing its customers with..

Locations looking for expansion Maharashtra

Establishment year 2019

Franchising Launch Date 2022

View Detail

Investment size Rs. 1 Cr. - 2 Cr

Space required 4000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Mulshi Maharashtra
Womens Wear

Talking Thread

Inspired by tradition and moved by the modern world, Talking..

Locations looking for expansion Haryana

Establishment year 2022

Franchising Launch Date 2023

View Detail

Investment size Rs. 50lakh - 1 Cr.

Space required 1000

Franchise Outlets -NA-

Franchise Type Unit

Headquater Gurgaon Haryana