Incubation Entrepreneurship

Introduction

CIES (Center for Incubation for Entrepreneur and Start Up) at Rabindranath Tagore University promotes and motivates entrepreneurial activities amongst the students especially in the rural region of the Bhopal & Raisen District. It fosters creativity and offers support in translating an idea to business. It encourages the student to attend workshops on entrepreneurship development, arranges the study tours for the understanding of the process and structure of business and industry. CIES-AU also organizes workshops, conferences, technical events, project exhibitions and Industry - Institute interaction sessions by collaborating with Industry and Government agencies to promote entrepreneurship.

Objectives

CIES provides a nurturing, instructive and supportive environment for entrepreneurs during the critical stages of starting up a new business. The goal of incubators is to increase the chance that a start-up will succeed, and shorten the time and reduce the cost of establishing and growing its business. If successful, business incubators can help to nurture the companies that will form the true creators of regions or nation’s future wealth and employment.

Vision

To be a leading entrepreneurial professional development programmes, research and information service provider in the field of entrepreneurship promotion/ motivation and development and management of micro small and medium enterprises.

Mission

To create a conducive environment for entrepreneurial activities through organizing different type of training programmes, research and other activities aimed at capacity building and enterprise creation with focus on Renewable Technology, Agricultural and Computer Networking Sectors.

Our functions which are required for entrepreneurial culture development are as follows :

Rabindranath Tagore University is having CIES which is working with the Vision and Mission to develop entrepreneurial culture in the University and nearby. The CIES-AU is having outreach programmes for entrepreneurship awareness and creating new Startups self-sustainability improvement methodology, motivating production and manufacturing.

Practices at CIES

CIES center will prove that where we systematically work with innovators to take their ideas to commercialization stage. Our experts use interdisciplinary methods to build use cases to take the innovation to market. The Centre offers customized Incubation Networking to early stage start-ups to help them build and scale their ventures. Our customized-to-venture Incubation Support ranges from 6 to 24 months to supercharge selected startups under the guidance of high caliber mentors.

The Centre offers a distinctive, creative atmosphere where new ideas and ventures can flourish. They will gain all the benefits of being in close proximity to the advanced technology, expertise and facilities of The Entrepreneurship School.

Practices of CIES are listed as :

EVIDENCE OF SUCCESS

The effectiveness of the entrepreneurial laboratory/pre-incubators reviewed was difficult to evidence. While the majority identified a number of successful start-ups that graduated from the entrepreneurial lab/pre-incubator there is not systematic information available on the performance of start-ups, funding raised etc. Across the case study entrepreneurial labs/preincubators the start-ups created were highly varied in nature, ranging from high-tech high growth potential businesses to low growth potential lifestyle businesses. As such it is not simple to identify best practice across the case studies although the completed case studies do showcase a range of good practice and different approaches towards start-up and incubation. We had 5 incubating Startups at our Incubator which are Startup of students and faculty they are performing impressively in this cut-to-edge atmosphere, our present incubating startups were focusing on Research and Product Development along with Service Based quotients. As the CIES is governed by young and youthful minds there are lots of success story to be tell.

Our startups are below :

CONSULTANCY

POTENTIAL INCUBATES

List of activities / action plan on how to activate the innovation and entrepreneurship ecosystem in the region :

Incubates Qualification Criteria

CIES-AU STARTUP SEGMENT

CIES-AU will have four startup heads, which provide complete flexibility to the university eco-system to nurture startup and innovation culture, these are as follows :

Startup Support :

Images :

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