Application Deadline: 11/21/2021
IIMV Foundation for Incubation Entrepreneurial Learning and Development (IIMV-FIELD) is the Incubation and Startup Hub of IIM Visakhapatnam.
After starting Operations in 2018, IIMV-FIELD is now one of the fastest growing incubators in India. We are located in Visakhapatnam – a Smart City, an aspirational district, an industrial hub and proposed Executive Capital of the state of Andhra Pradesh. IIMV-FIELD would like to build the incubation center by leveraging the strengths of this region. We are keen on promoting innovation and entrepreneurship by encouraging and supporting the students, faculty members, alumni of the Institute, start-ups, and entrepreneurs across the nation, and specially the region, to translate their ideas and concepts into business models and make their products/services ready for commercialization.
Eligibility
Applicant must be a citizen of India
• At least one member from the team should be willing to pursue the idea full time and at least one member must be from technical background
• The solution should be Information & Communications Technology enabled serving a pressing problem across any one of these sectors–Agriculture, Clean Energy, Education, Environment and Clean Technology, Financial Inclusion including digital payments, Healthcare, Infrastructure and Transportation, Other emerging areas such as Fintech, Electric Mobility, Skill Development and Women Safety and Women & Children Nutrition, etc.
• For EiR Scheme, the applicant must have a definite Idea that can be scaled into a viable, sustainable, scalable, and profitable businesses
• For Grant Scheme, the applicant should have a definite proof of concept which are to be further developed into Minimum Viable Products (MVP) or have an MVP which needs further support for commercialization.
• Applicant must not have received any EIR/Grants from TIDE2.0 Program at any other center prior to applying. During the incubation period, if the applicant secures any external funding/investments, the concerned entrepreneur/venture will be considered successfully graduated and financial support will be discontinued.
Application Procedure
The following support will be provided for the selected Startups in EIR / Grant Schemes of TIDE2.0 Program at IIMV-FIELD
• Financial Support –As per the EIR / Grant Schemes mentioned above
• Incubation Services –For a Period of 12 Months which includes
o Mentoring Support -from IIMV faculty, IIM alumni, Resident Mentors, successful entrepreneurs, domain experts, etc.; One to One/One to Many; Last Mile Mentoring and Consultation Support
o Networking Support -with Institutions, Labs, Organizations, Resource persons, Entrepreneurs, IIMV Clubs etc., Networking Events (Physical/Virtual) and Investor Connects. Access to IIMV-FIELD’s Ecosystem partners and Network Institutions.
o Capacity Development Programs-Access to Workshops, Master classes, Knowledge Series, Founders talk series, Ask me Anything series, etc.
o Infrastructure -Physical; Coworking spaces in the Incubation Center; Library–Physical and Digital Access to the state-of-the-art IIMV Library and IIMV-FIELD’s library.
o Promotions in Internal Digital media channels-Social Media Pages of IIMVFIELD / of Student Entrepreneurship Club -EPIC Club /of Student body Clubs/ of IIM Visakhapatnam, Through IIMV’s Quarterly Newsletters IIMV Vibes, Annual Reports etc.
o Media Coverage -Through External Print and Digital Media channels
o Consultation Support -IIMV PGP Students as Part time interns & Consultants for Marketing/Business Development, etc.
o Customized Business Challenge Competitions & Opportunities -Get solutions to specific Startup problems from IIMV PGP Students by involving them in Competitions, Challenges, Etc.
o Business Communications –Pitch Decks, Social Media Posts, Application forms for various opportunities, etc.
o Startup Kit -Joining kit including cloud credits from AWS, etc.
o Shared Professional Services-For Company Registrations, Web Development, Digital Marketing, Legal, CA, IPR Support, etc. at discount prices from our service providers
o Information about Live Opportunities -Opportunities of Events, Programs, Bootcamps for Incubation, acceleration, funding at our ecosystem Partners, Network Institutions, social media connections, etc.; Through IIMV-FIELD’s WhatsApp Business Channel
Official Website: Call for Applications for Cohort 2 of TIDE2.0 Program
