Page 35 - Vol-4-Issue-1-Sep-Dec2022

IIMV IN MEDIA

MENAFN (29/12/2022)

IIM Vizag rolls out Nidhi prog with 15 startups
29 DECEMBER

VISAKHAPATNAM: IIM-Visakhapatnam Foundation for Incubation Entrepreneurial Learning and
Development (IIMV FIELD) launched the Nidhi accelerator programme on Wednesday. The programme is
funded by the department of science and technology. According to programme director Prof. M Shameem
Jawed, the programme aims to handhold those ventures, who already have their minimal viable product and
are ready to scale up their operations by raising external financing.

As many as 15 startups were selected from an application pool of about 85 for this 18-month long
programme. The programme includes six-month intensive training and mentorship via structured inputs from
IIM-Visakhapatnam faculty and industry experts on various matters of business model, costing and pricing,
cashflow management and fundraising, go-to-market and operational strategies, and preparation of pitch
deck among others.

Each startup will receive 70+ hours of one-to-many inputs via a series of workshops, masterclasses, and
knowledge series lectures, along with dedicated 50+ hours of one-to-one mentorship. The startups will also
get an opportunity to pitch in front of investors at the end of their six-months on the demo-day. The top three
performing ventures will also get a take-away grant of Rs 3.5 lakh each.

33 VOL. / ISSUE /SEP DEC