Page 48 - IIM Vizag 2023 Placement Brochure__Spread Page_07-11-2023_High-res

46 | Placement Brochure 2023-24 IIM Visakhapatnam | 47

Artquake Women Start Up Cell Center of IIM Visakhapatnam. The incubator, IIM-V,
will get a grant-in-aid of Rs 1.7 crore from the Ministry
The fine and performing arts club of IIMV Visakhapatnam organised various events to foster talent at IIMV such as The Women Startup Program is designed to support and of Electronics and Information Technology (MeiTY) to
play the role of an angel investor in these start-ups.
Cultural Nights, Vkend Nirvana & Cerebro Games. Owing to the Covid scenario, the club organized online events like mentor ambitious women entrepreneurs who advance MeiTY has sanctioned IIM-V as a G3C (Group-3 Centre)
Quarantined Artists of IIMV & Musical Saga, where more than 50 students of IIMV participated showing their skills in from the idea stage to the venture stage by nurturing incubator. G3Cs, according to the MeiTY website, are
various art forms. their management and entrepreneurial skills. As a part supposed to ‘initiate and evangelize innovation and
of this program, the selected ideas will be extended
incubation support, mentorship, and networking entrepreneurship ecosystems in unexplored regions’.
For the purpose of this project, IIM-V has floated the IIMV
The Sunrise Fund opportunities. Foundation for Incubation, Entrepreneurial Learning &
With an objective to support and encourage women Development (IIMV-FIELD). The Tide Centre has to be
The SUNRISE Fund was established by the Finance & Economics Club of IIM Visakhapatnam, to give students a real- entrepreneurs of the country, IIM Visakhapatnam has operated as a Section 8 company with a mandate to
life experience of managing money, taking academic theory from the lecture theatre and putting it to work in the partnered again with NSRCEL, IIMB to conduct. The nurture and support technology start-ups.
financial markets and devolping equity research and modelling skills. The aim of the fund would be to continuously Institute has successfully mentored and trained 25
beat the market returns over a 1-year period. The Finance club would be continuously posting those funds results women entrepreneurs under Women Startup Program A total of 123 applications were received in two categories,
and research reports over social media handles to show the skills of students. 2018. 71 in ‘grants’ and 52 in ‘entrepreneur in residence’.
24 applicants were shortlisted and interviewed by a
Celebrating Womanhood IIM Visakhapatnam in partnership with NSRCEL, screening committee comprising professors of IIM-V
welcomes women entrepreneurs to apply to this unique
as well as IIM Bangalore. The start-ups selected under
program and witness a learning experience like never the ‘entrepreneur in residence’ category are ProSafe,
To address the gender diversity issue in the corporates, Manthan (The HR Club) featured some of the well-known HR before! INOVMAC Pvt Ltd and Snazzyalign. These three will be
Leaders for a Women’s Day Special called “Celebrating Womanhood” a guest write-up series. They have also been given a prototyping grant of Rs 2.66 lakh each in the first
bridging academia and industry with their ‘Know the Term’ series which happens to be insightful. Besides these, they TIDE year. The start-ups selected under the grants category
conducted a lot of guest lectures, case study competitions and a skit competition named ‘Thespian: Impersonating are HemacHealthcare Pvt Ltd and Urban Naps. These
workplace on the theme: Modern Slavery’. They also float an article writing competition ‘HRya’ on D2C. The winner two start-ups will receive a commercialisation grant of
entries get published in the monthly newsletter. IIM Visakhapatnam Incubation Centre in collaboration
with the Ministry of Electronics and Information Rs 7 lakh each in the form of equity in the first year.
Technology (MeitY) has set up a TIDE Incubation Centre The Tide 2.0 initiative has been launched by MeiTY with
under the TIDE 2.0 Scheme. The objective of this scheme an objective of assisting institutes of higher education
is to promote tech entrepreneurship by providing to strengthen their technology incubation centres and
financial and technical support to promising ideas. The enable young entrepreneurs to set up technology start-
selected ideas are being incubated at the Incubation ups for commercial exploitation of the technologies
developed by them.