The MoU between YouthNet and IIMCIP builds on a previous partnership, focusing on providing commercialization support and scaling opportunities for startups. This extension emphasizes the creation of robust business models, mentorship, market linkage, and access to funding and visibility.
Indian Institute of Management (IIM) Calcutta Innovation Park (IIMCIP) has signed a Memorandum of Understanding (MoU) with YouthNet to enhance entrepreneurship and innovation efforts. This collaboration aims to support and scale startups through various means including business model development, mentorship, market access, and funding opportunities.
Extended Partnership for Enhanced Support
The MoU between YouthNet and IIMCIP builds on a previous partnership, focusing on providing commercialization support and scaling opportunities for startups. This extension emphasizes the creation of robust business models, mentorship, market linkage, and access to funding and visibility. The agreement was signed by Nunesenuo Chase, Director of YouthNet, and Neikepekho Shosahie, Manager at the YouthNet Incubation Centre (YIC), alongside Pranjal Konwar, Chief Operating Officer (COO) of IIMCIP, and Sadique Mannan, Program Head, IIMCIP.
Framework for Research-Driven Innovation
The MoU establishes a framework to promote research-driven innovations, assisting entrepreneurs in bringing their ideas to market and scaling them for broader adoption. Both parties aim to co-create success stories at both regional and national levels by leveraging their complementary strengths.
Comprehensive Support for Entrepreneurs
Entrepreneurs benefiting from this partnership will receive comprehensive support that includes proof of concept (POC) development, access to technology and lab facilities, mentorship, capacity building, and essential market and finance linkages. These services will be provided according to the terms and conditions set by each incubator involved.
Hosting of TIDE 2.0 Program
In addition to the MoU, the partners hosted the Ministry of Electronics and Information Technology's (MeitY) Technology Incubation and Development of Entrepreneurs (TIDE 2.0) program at the YouthNet Incubation Centre in Dimapur, Nagaland. The TIDE 2.0 program, aimed at supporting 2,000 startups through ICT-enabled technologies, saw participation from over 35 startups and innovators. Applications span various sectors including healthcare, education, agriculture, financial inclusion, and clean energy.
Upcoming B-Plan Pitching and MeitY Grants
Shortlisted entrepreneurs from the Techathon held on September 9, 2024, will be invited for the next round of business plan (B-plan) pitching. The final winners will be declared based on their performance. This initiative seeks to identify startups eligible for the MeitY Entrepreneur-in-Residence and MeitY Grants under the TIDE 2.0 program.
Opportunities for Northeast India Entrepreneurs
Q: Is IIM Kolkata good for MBA?
IIM Calcutta is one of the top Management institutes in the country. In the NIRF 2024 rankings, it is ranked #5 under the Management category. The placement rate recorded during 2024-25 placement was 100%. As per the latest report, the highest package offered in IIM Kolkata 2024 placements is recorded to be INR 1.2 crore per annum. The total number of companies that participated in the placement drive were 194. Moreover, the top recruiting sector was Consulting with 31.6% offers.
Considering the institute's ranking and placement data, it is easy to say that it is one of the top institute for MBA in India. The ROI for the course is also great.
Q: Is Executive MBA from IIM Calcutta worth it?
IIM Kolkata is one of the top five Management institutes in the country as per NIRF 2023 rankings. It has been placed at fourth spot. The institute provide placements support to Executive MBA course candidates. Many top recruiters from different sectors such as Information Technology, Manufacturing, Telecom, Banking, participate in its placement drive. As per past years’ records, some of the top recruiters that made offers during IIM Calcutta Executive MBA placements were EY GDS, Infosys, HSBC, Accenture, and BCG. Read more about the course here.
YouthNet highlighted that this new partnership with IIMCIP will offer valuable opportunities for entrepreneurs with transformative ideas, especially those addressing significant challenges in Northeast India. The collaboration is expected to help turn these ideas into impactful and profitable solutions. IIM Calcutta Innovation Park is actively seeking promising ventures to nurture and scale, further driving innovation and growth in the region.
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