IIM Sambalpur gets $2M funding for Incubation Center on 9th Foundation Day

On the occasion, the institute also signed an agreement with India Accelerator to build entrepreneurial capacity on its campus. The program was addressed by Dharmendra Pradhan, Minister of Education, Skill Development & Entrepreneurship, GoI as the Chief Guest.

Indian Institute of Management (IIM) Sambalpur celebrated the ninth foundation day on the theme ‘Accelerating startup’s ecosystems’. According to the official press release, Founder of ESKYEN Ventures and Indus Capital Sushant Kumar announced to commit US dollars 2 million to the incubation centre of IIM Sambalpur.

On the occasion, the institute also signed an agreement with India Accelerator to build entrepreneurial capacity on its campus. The program was addressed by Dharmendra Pradhan, Minister of Education, Skill Development & Entrepreneurship, GoI as the Chief Guest.

Union education minister Dharmendra Pradhan who was the chief guest, in a video address, said, “IIM Sambalpur collaborates with businesses such as India Accelerator, SIDBI, and Flipkart, which foster entrepreneurs and assist in the livelihoods of local weavers and craftsmen.” He urged the students to use innovation, inclusivity, and integrity as their compass points in all their activities.

Sushant Kumar, the guest of honour of the ceremony, spoke about the obstacles that companies have to overcome through primary worries such as fundraising, loan repayments, and job stability. He commended the dynamic leadership of Professor Jaiswal and his team, assuring that the project's implementation would commence shortly.

IIM Sambalpur director Mahadeo Jaiswal said, "Within eight years, IIM Sambalpur has carved a niche among the top IIMs. It aims at nurturing responsible leaders with an entrepreneurial mindset. In 2019, IIM Sambalpur achieved 50 per cent gender diversity, a milestone followed by all IIMs," he added.

He also encouraged students to adopt an innovative mindset, take prudent chances, and not be afraid to ask questions.

Hiranmaya Mahanta, CEO, i-HUB Gujarat; Arindam Mukhopadhyay, co-founder of India Accelerator; Deepak Sharma, co-founder, India Accelerator; and Bodhisattwa Sanghapriya, founder and CEO, IG Drones, were also present at the event.

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