Envision

About IIC

Ministry of Education (MoE), Govt. of India has established ‘MoE’s Innovation Cell (MIC)’ to systematically foster the culture of Innovation among all Higher Education Institutions (HEIs). The primary mandate of MIC is to encourage, inspire and nurture young students by supporting them to work with new ideas and transform them into prototypes while they are informative years. MIC has envisioned encouraging creation of ‘Institution’s Innovation Council (IICs) across selected HEIs. A network of IICs are established to promote innovation and entrepreneurship in the Institution through multitudinous modes leading to an innovation promotion ecosystem in the campuses. MIC has established Institution's Innovation Council in more than 2700 Instiutions till December 2021.

 

Major Focus

• To create a vibrant local innovation ecosystem.
• Start-up supporting mechanism in HEIs.
• Prepare institute for Atal Ranking of institutions on innovation achievements framework.
• Establish function ecosystem for scouting ideas and pre-incubation of ideas.
• Develop better cognitive ability among students.

 

Function of IIC

• To conduct various Innovation, IPR and entrepreneurship-related activities prescribed by  MIC in time bound fashion.
• Identify and reward innovations and share success stories.
• Organize periodic workshops/ seminars/ interactions with entrepreneurs, investors, professionals and create a mentor pool for student innovators.
• Network with peers and national entrepreneurship development organizations.
• Create an Institution’s Innovation portal to highlight innovative projects carried out by institution’s faculty and students.
• Organize Hackathons, idea competition, mini-challenges etc. with the involvement of industries.

IIC Calendar 2021-22

MoE's Innovation Cell (MIC) prescribes an annual activity calendar for IICs. In each quarter Minimum prescribed activities out of scheduled activities are to be completed by an IIC to receive full score. Institutes are encouraged to do a greater number of activities from calendar beyond the prescribed minimum. It is expected that institutes which are in the emerging phase of the innovation ecosystem- will follow the calendar plan vividly.

Past Events

INSPIRE (https://iimbginspire.com)

IIMBG Incubation Centre (https://www.iimbginspire.com/) to Support Innovation, Research and Entrepreneurship has been set up at IIM Bodh Gaya campus. This is a registered section 8 company (Not for Profit). IIMBG INSPIRE is a forum to launch and develop startups into scalable, viable and profitable businesses. INSPIRE is a platform for participants and incubatees to access the diverse resources of faculty and the entrepreneurial community associated with IIM BG. INSPIRE strives to be the primary focal point for students, working professionals, startup enthusiasts, budding entrepreneurs and the larger entrepreneurial community interested in innovation and finding a home for launching immersive experiences that are scalable businesses.

The ever growing inclination among the youth to become job creator and to do something of their own, start ups have become the path to do the same and give something back to the society. But these fledgling start up universe is chaotic and unorganized, so these fledgling start up needs clear vision along with superior value proposition and business model that is rational and pragmatic as per the current market scenario.

IIMBG Inspire aims to provide focused, faster and speed growth to new ventures for their successful commercialization of product/technology through a combination of Seed Capital, Corporate Venture Capital Fund, Smart Working Space, Corporate Market Access, Mentoring and Training programs. Our Programs are designed to help these fledgling start ups succeed and bring meaningful change in the society.  

Our Vision

To metamorphose into a premier resource center for the creation and diffusion of entrepreneurial learning that contribute to the development of a thriving entrepreneurial ecosystem.  

Our Mission

IIMBG INSPIRE aims to provide support to the entrepreneurs through their early stages of business development by building an ecosystem that is inclusive of innovation, enterprise sustainability and social value.

Our Purpose

IIMBG Incubation Centre to Support Innovation, Research and Entrepreneurship support grassroots innovations in rural Bihar and contribute towards :

• Imparting training and knowledge on ideating, developing, a business model, plan and go to market/commercialization and handholding through the journey.
• Value addition through packaging, branding and marketing
• Improving processing operations through use of appropriate technology, supply chain management
• Mentoring, funding access including seed-funding & bootstrap assistance and business support services

Our Objective

• To promote and establish agri and rural incubation centre in Bihar through parallel portfolio programs.
• The incubation centre would support and encourage both innovative technology-base Agri startups as well as modern traditional business that have an application and/or impact in the core sectors of the economy.
• The incubation centre would provide the start-ups with necessary guidance, tech support, infrastructure, access to investors, networking and facilitating a host of other resources that may be required for the startups to survive and scale.

Our Goals

• Fostering an entrepreneurial ecosystem in Bihar and its vicinity.
• Inspiring youths to pursue entrepreneurship , encouraging Women entrepreneurship and Student startups.
• Building a network of institutions, corporates, investors, researchers and mentors that can be leveraged by budding entrepreneurs for accelerating growth and scaling their startup ideas.
• Identifying potential entrepreneurial opportunities and commercialising them.

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