IIM Udaipur Incubation Center (IIMUIC) is situated at IIM Udaipur campus, floor 7 in the area of 10,000 square feet and providing facilities to startups which includes:
120 sq. ft enclosed cubicle or open cubicle or seating area with a minimum of 2 seats is provided (based on the requirement of the startup organization and the assessment of the necessity done by the Incubator management)
Photocopy & printing
High speed wifi, 24/7 power backup
Well maintained washrooms
Free or discounted access to events
Invention studio / Makers Lab (electronics, mechanical, IOT)
Meeting rooms with projector
Conference rooms with projector
Open 24/7 with professional security
Good open space and freedom to design your working environment and space
Access to mess and other facilities available at IIMU campus
One of the defining core-values of IIM Udaipur is Entrepreneurship. At IIM Udaipur we strive to have a positive impact on entrepreneurship, fostering innovation and creating economic-value both in the region and the nation. We endeavour through our curriculum, efforts on entrepreneurship-building to create a socially responsible impact.
IIM Udaipur Incubation Center provides students and entrepreneurs freedom and institutional support that they need to explore for their entrepreneurial ambitions. This is reflected in all aspects of our programs; in-depth orientation to entrepreneurship from day-one, an inspiring range of elective courses, intensive mentoring etc.
Mentors who accepts the responsibility of guiding a mentee on aspects of business that the mentor may have a longer experience on. Mentoring is provided on the areas which requires improvements for the growth of the business and part of taking next step in the process, the areas like,
Designing scalable business models
Role of partnerships - why, when and how, sustainable business development
Market research-product / services
Design thinking and process innovation
The art of communicating effectively
Accounting and finance, taxation, financial planning and budgeting
Connect and help to hire co-founders
Company valuation processes
Financial options/ funding opportunity
Valuation and venture capital
How to raise money - equity and banking finance options
How to pitch, startups mistakes and how to avoid them etc. as per requirements of the business.
Invention Design Studio provides you with the tools, space, and skills to make almost anything. Makers are more than tinkers and hobbyists. We dedicated to providing an environment to learn, teach, work-on, build, and create next-generation technology; including software, hardware, electronics, art, sewing, metalwork, apps, games, etc.
Electrical & Electronics Lab: We have all the facilities from a circuit/sensor making, testing to product designing and prototype development using 3D printer and Vacuum former.
Every businessman is not technical expert and thus they are not aware or knowledgeable about the technicalities of business. While making a business plan, making an IT plan plays are crucial role and we provide support for the same as;
Any business cannot be run alone and requires support for the launch, growth and scalability therefore, IIM Udaipur incubation Center is here as a connector of startups with the well-established and experienced practitioners of the industry as well as grooming of startups in the incubation process.
Investor is a person or any corporation who allocates capital to incorporation or startup with the agenda of financial return. There can be different types of investor, for instance mutual funds, hedge funds, venture capital, angel investor etc. These investors can definitely help the startup to raise capital for their businesses. Startup can also elevate their capital from other sources, for example, shareholders fund (equity and preference both), long term borrowing, debentures, current liabilities, public fund,
bank loan etc. They support as a backbone to the entrepreneur. Here IIM Udaipur Incubation Center, connects startups to the investors when they are ready after all the mentoring where startups know their requirements and creating them pitch ready.