Centre for Innovation and Entrepreneurship (Incubation Centre)

In line with the initiatives and provisions of NITI Aayog, impetus to job creation via entrepreneurship is a highly focused area. It will not only transform the business initiatives but will also provide self-reliance to the Campus of IIM Jammu at Srinagar. The focus is on developing business incubation Center that creates success stories. The promising proposals will be screened and shortlisted based on their viability to fulfil the value gap.

Initially 5 proposals of such promise and potential will be nurtured for one complete year with a required physical and intellectual infrastructure. After assimilating the learnings of zeroth year, further ten such proposals will be worked upon every subsequent year.

Incubation Model Pipeline of Incubates

• Every year, Campus of IIM Jammu at Srinagar would incubate around 10 projects for becoming future start-ups.
• These incubatees will be selected through a competitive screening process and presentations from potential start-ups.
• These incubatees will be monitored for the actions they are taking in order to facilitate their growth.
• The incubatees will be screened and those who exhibit most growth potential will be accelerated with all possible supports.
• Develop a program to allow self-selection of incubatees with those showing most potential progression to higher levels of intervention

A 'Screening Committee' is constituted to examine the incubatees' proposal and recommend for the selection. The selection is based on a review of technical documentation and a business plan defining the proponent's business venture. If necessary, a detailed technical and commercial assessment of the proposal is made before the tenant is admitted to the incubator. A quarterly milestone and monthly status report will have to be submitted by the incubatee so as to track their progress.