Page 24 - Vol-4-Issue-1-Sep-Dec2022

IIMV FIELD

The officials talked to Bollem Raja Kumar (Inovmac), Rijin John (Silidium Circuits), and Jainam Mehta
(UrbanNaps), three of the startups we helped start. They tried to figure out what problems and challenges
startups, especially in the manufacturing sector, face so they could figure out what the startup community
in their area needs in terms of a supportive ecosystem. Mr. Sarath Muthyala from the National Institute of
Micro, Small, and Medium-Sized Enterprises (NI-MSME) stated that MSME has multiple schemes to promote
innovation, and startups can determine which category they fall under in order to avail the schemes. All
present officials and members of the National Institute for Micro, Small, and Medium Enterprises (NI-MSME)
expressed a desire to collaborate moreclosely with IIMV FIELD in order to promote innovation and
entrepreneurship / intrapreneurship in the MSME sector of the country.

Exposure to PGP students on IIMV Startup
Policy

15 DECEMBER
IIMV FIELD conducted an exposure event on IIMV Startup policy for
PGP students of IIM Visakhapatnam. IIMV FIELD is one of the very
few incubators who have their own Startup policy.The startup
policy can be accessed on the IIMV FIELD website or by clicking
Here.

Inaugural Event of Social Impactpreneurs Program

23 DECEMBER

IIMV FIELD started its flagship program, Social Impactpreneurs, to
help entrepreneurs from all over India who want to solve social
problems in NITI Aayog's "gap areas." In Phase 1, we received an
overwhelming response of more than 200 applications. Out of
those, 156 startups were chosen to move on to Phase 2 (Ideation
Bootcamp). Ms. Ameeta Chatterjee, who was the chief guest at the
event, talked to the entrepreneurs and offered them good advice.
She emphasised the significance of social impact creation,
inclusivity, and sustainability in the development of a social
enterprise.

Prof. M Chandrasekhar (Director, IIMV, and Managing Director of
IIMV FIELD) thanked MTAR Technologies for this CSR initiative and
congratulated all Phase 2 program participants. The selected
startups will undergo a month-long bootcamp designed by IIMV
Faculty and IIMV FIELD.

Inaugural of NIDHI Accelerator Program

28 DECEMBER

IIMV FIELD launched Phase 3 of the NIDHI Accelerator Program. This program aims to provide aspiring
entrepreneurs in the country with a rigorous and structured mentoring process, as well as access to funding
and market networks. The program is funded by NSTEDB and DST funding.

For the execution of this program, IIMV FIELD has partnered with IIM Visakhapatnam (the host Institute), TIE
Hyderabad, and Fund Enable.
IIMV FIELD received over 83 applications from across India, and in the first two phases, 15 startups were
selected for this programme. Phase 3 consists of six months of acceleration support and concludes with a
demo day connecting startups with investors.

22 VOL. / ISSUE /SEP DEC