IIM Calcutta has plans for 100 start-ups by 2020
IIM Calcutta
IIM Calcutta has announced that it plans to incubate 100 start-ups by 2020.
IIM Calcutta director Saibal Chatterjee said that the IIM Calcutta Innovation Park (IIMCIP) is ready to go for a second series of funding, after it provided seed capital to six start-ups in last two years. The Innovation Park was started two years ago.
"The park is presently incubating 14 start-ups and IIMC has also got the mandate to mentor 40 start-ups in the social enterprise sector under the INVENT scheme for a period of three years", he told reporters in Kolkata on Wednesday.
The INVENT programme is funded jointly by the DST and the Department for International Development (DFID) which is aimed at promoting social enterprise in the low-income states. The verticals in the social enterprise domain are healthcare, education for masses, technological innovation, agriculture, water and sanitation.
“Our objective is multi-pronged. We will identify, mentor and promote about 100 startups by 2020, and ensure that each of them get funding. To make that a success, we need to increase our visibility as well, which is why we are organising the challenge,” said Professor Ashok Banerjee, IIM Calcutta faculty, during a press conference on Wednesday.
The start-ups would get access to the IIM alumni network for mentoring purposes, adding that they would be reaching out to the districts for hunting talent, Ashok Banerjee added.
Dr Subhrangshu Sanyal, CEO, IIMCIP said, “The startups will leverage technology towards finding solutions to these social problems. We will provide a seed fund to help them, provide them with mentorship to help them with the business world and make use of our network.”
There is a fund of Rs 12.5 crore available for 40 startups, which would incubate over the next three years. “IIMCIP would be providing free mentorship, funding and incubation period for a maximum of 24 months, and in return would be charging equity up to 3 per cent,” Sanyal added.
Also read:
Top 5 B-school incubators for start-ups
IIM Indore plans incubators for start-ups
IIM Bangalore ties up with IIIT B to mentor entrepreneurs and start-ups
News & Updates
Photos & Videos
+16
- Certificate colleges in Kolkata
- Ph.D. colleges in Kolkata
- Executive MBA colleges in Kolkata
- MBA colleges in Kolkata
- Business & Management Studies colleges in Kolkata
- Banking, Finance & Insurance colleges in Kolkata
- IT & Software colleges in Kolkata
- Humanities & Social Sciences colleges in Kolkata
- Mass Communication & Media colleges in Kolkata
- Law colleges in Kolkata
- Accounting & Commerce colleges in Kolkata
Contact Details
Address
IIM Calcutta
Diamond Harbour Road
Joka, Kolkata ( West Bengal)
Other Popular IIMs
Get details of Similar Colleges
Student Forum
Anything you would want to ask experts?Answered 4 weeks ago
The IIM Calcutta CAT cutoff 2025 is not released to the public but only to the registered candidates. According to estimated data of the previous years, General category students under the All India quota would need to secure a percentile of around 99 (overall and sectional) to be eligible to move t
N
Contributor-Level 10
Answered a month ago
Indian Institute of Management Calcutta admission open. The institute accepts admission based on entrance exams. Students can apply directly through the official page.
A
Contributor-Level 10
Answered 3 months ago
Indian Institute of Management Calcutta is a goverment institute. The institute was founded in 1961 as the first national institute for PG and Research in Management by the Goverment of India. IIM Calcutta offers PG and certfication programmes. The institute also offers customised Long Duration Prog
U
Contributor-Level 10
Answered 2 months ago
The college offers PG Diploma and an MA course. For admissions into the MA course, the students must fulfil the minimum eligibility criteria, that is, to obtain 55% marks in their UG degree. Then, they must appear for CUET exam followed by councelling and personal interview round. The weightage of t
C
Contributor-Level 10
Answered 2 months ago
Indian Institute of Management Calcutta seat is based on qualfying the entrance exams. After qualifying the exam students must have to clear the entrance exams.
K
Contributor-Level 10
Answered 2 months ago
Indian Institute of Management Calcutta is a goverment institute. The institute has first national institute for PG and Research in Management by the Goverment of India. IIM Calcutta is accredited by AACSB and AMBA.
J
Contributor-Level 10
Answered 2 months ago
Yes, it is hard to get admission at Indian Institute of Management Calcutta. The institute accepts admisison based on entrance exams. The institute accepts national entrance exams like CAT, UGC NET, GMAT, and others. IIM Calcutta course admission begin with the online application. Students can appl
A
Contributor-Level 10
Answered 2 months ago
Indian Institute of Management Calcutta admission 2026 are open. IIM Calcutta opens admission to most of its courses in the first week on January every year. Candidates are advised to keep checking the official website for the year 2026.
M
Contributor-Level 10
Vipra Shrivastava is MA in English Literature from Delhi University with extensive experience in content writing of over 14 years. She has been handling content for Management, Accounting and Commerce streams for 8
Read Full Bio