Nation Other News 07 Dec 2016 IIM Kozhikode gets R ...

IIM Kozhikode gets Rs 3 crore for its business incubator project

Published Dec 7, 2016, 1:59 am IST
Updated Dec 7, 2016, 7:03 am IST
IIM Kozhikode
 IIM Kozhikode

Kozhikode: The Indian Institute of Management- Kozhikode will  launch its Laboratory for Innovation, Venturing and Entrepreneurship (LIVE), a business incubator,  by the end of this  month. As part of the start- up India plan, the Union Ministry of Science and Technology has sanctioned  Rs  3 crore for the incubator. The institution has already hatched  the first five set of new enterprises  and will  prepare them in the next three months to  operate their start-ups from the incubation centre.  Nearly 25 start-ups will be promoted in the initial months and more later.

Mr  Keyoor Purani,  chairperson of Technology Business Incubator of IIMK, said  “our mission is to provide the knowledge and proficiency of IIM-K to help start-ups to overcome their slip-ups. We will help the young entrepreneurs in mentoring, training and sharing of best practices,” he said.   He  stressed the importance of channelling  remittances into entrepreneurial ventures so that Kerala can transform itself from a consumer  state to a production economy.  In this, the LIVE  will play a significant role, he  Purani pointed out. “In addition to the services of the  IIM-K faculty, we will also have a network of mentors from the industry and also credible investors.   We need  the ability to transform ideas into reality,” he added.

Location: India, Kerala


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