Not everyone wants to take up a job at the end of the program. Some want to build their start-up! Our On-Campus Business Start-up Incubator provides students with access to resources to develop their start-up ideas. Students may opt to work on their Startup idea instead of taking up the 5 month Internship. ITM has a vast array of talent in Tech, Design, Finance and supply chain fields among others, and Incubatees will have access to their time and knowledge.
Events such as hackathons, industry masterclasses, business conferences,, startup bootcamps and yatras ensure that ideas grow beyond a business plan and feasibility study, into an actual start-up.
Here’s how it works
Idea
Interested students develop an idea for a product or service and document it.
Pitch
Ideas are developed into a business plan and present to an internal committee. If the idea has merit and is selected it moves to the next stage
Prototype Support
Students get support from faculty and industry mentors to build a prototype.
Incubation
At this stage the idea matures into a business and takes anywhere between 3 to 6 months +
Funding
ITM offers a seed fund of up to 1 cr to deserving startups within the incubator. AngelInvestor and VC networking opportunities are provided too.
How we support our incubatees
We provide comprehensive support to Startups within our incubator. From idea development to product development and pitch deck to fund raising - we hand hold our students all the way through. Some of the areas of support are as follows:
Office Space
We provide a dedicated incubation workspace for the incubatees within the ITM Business School campus.
Technical Services
Incubatees have free access to computing, printing, and internet facilities.
Expert Assistance
Our expert faculty, research associates and senior students provide assistance in market research, competition analysis, understanding market best practices, price modeling, financial modeling, business plan development, and assumption testing.
Website and Mobile Application Development
In today’s age, having a digital presence is of great importance. Almost all startups require technology assistance. We provide full support in designing and development of Web and Mobile Apps.
Design Services
We offer design support for packaging design along with designing of marketing materials and collaterals.
Marketing Support
No business can survive without a strategically designed marketing strategy. We provide comprehensive assistance in marketing messaging and a go-to-market strategy.
Seed Fund & Fund Raising
We offer financial support of up to INR 1,00,00,000 to deserving startups. We also offer fundraising support through angel networks and others.
Collaborations & partnerships
HeadStart
We have partnered with HeadStart to ensure we have mentors coming in from different sectors to support our incubatee companies
National Entrepreneurship Cell
With the partnership with the National Entrepreneurship Cell, we are able to provide our students a formal opportunity to network with investors. Students also get a chance to meet successful entrepreneurs and learn from their experiences
Indian Academy of Entrepreneurship [IAEGlocal]
We have an MOU with the Indian Academy of Entrepreneurship [IAEGlocal] to provide support in the area of entrepreneurship development to our incubatee students.