About

Ministry of Human Resource Development (MHRD), Govt. of India has established ‘MHRD’s Innovation Cell (MIC)’ to systematically foster the culture of Innovation amongst all Higher Education Institutions (HEIs). The primary mandate of MIC is to encourage, inspire and nurture young students by supporting them to work with new ideas and transform them into prototypes while they are informative years.

 

MIC has envisioned encouraging creation of ‘Institution’s Innovation Council (IICs)’ across selected HEIs. A network of these IICs will be established to promote innovation in the Institution through multitudinous modes leading to an innovation promotion eco-system in the campuses.

Major focus of IIC

  • To create a vibrant local innovation ecosystem.
  • Start-up supporting Mechanism in HEIs.
  • Prepare institute for Atal Ranking of Institutions on Innovation Achievements Framework.
  • Establish Function Ecosystem for Scouting Ideas and Pre-incubation of Ideas.
  • Develop better Cognitive Ability for Technology Students.

Functions of IICs

  • To conduct various innovation and entrepreneurship-related activities prescribed by Central MIC in time bound fashion.
  • Identify and reward innovations and share success stories.
  • Organize periodic workshops/ seminars/ interactions with entrepreneurs, investors, professionals and create a mentor pool for student innovators.
  • Network with peers and national entrepreneurship development organizations.
  • Create an Institution’s Innovation portal to highlight innovative projects carried out by institution’s faculty and students.
  • Organize Hackathons, idea competition, mini-challenges etc. with the involvement of industries

About IISU- Incubation Centre

 The IISU Incubation centre is formed with the primary purpose to facilitate the creation of ideas and inventions that benefit society and importantly, are commercially ready by the end of incubation program.  IISU Incubation Centre provides a rigorous incubation program and also facilitates collaborations with mentors, partners, industry leaders and investment professionals. We select the top founders on campus, across all faculties, take no equity in exchange for seed funding – however we may invest at the end of the incubation cycle. We have a leading and growing network of high-profile entrepreneurs for our startups to work with who Nurture and mentor aspiring entrepreneurs transform their innovative ideas into viable entrepreneurial initiatives through excellence and service. The objective of the IISU Incubation Centre is to:

  • To foster an entrepreneurial culture, by providing the students, alumni, and faculty, opportunities to transform their business ideas to reality. These facilities are also open to the general public.
  • To nurture culture of innovation at campus
  • Helping idea to translate into reality and upgrade them to the level of commercial value.
  • To create startup ecosystem at campus.
  • To facilitate the availability of resources to the incubatees in a mutually beneficial way.
  • To provide a conducive working environment to the incubatees to nurture their innovative ideas. 
  • To liaise with private and public sector funding sources, government agencies, industrial associations, chambers of commerce and industries to provide facilitation and networking for incubate companies.

 

Types of Services:

  • Pre-Incubation services
  • Access to modern product innovation center with internet facilitated laboratory
  • Assistance for preparing business plan and setting up a company
  • Training to develop business skills
  • Mentor support
  • Arranging services related to accounting and legal areas
  • Helping with bank finance and venture capital
  • Networking with other entrepreneurs, customers and support agencies
 

The IISU Incubation Centre offers the following incubation services to the incubatee start- ups :

  1. Mentorship
  2.  Co- working space
  3. laboratory support for product development through food and nutrition lab jewellery designing lab, textile and fashion lab, Chemistry lab and fine arts lab.