The Indian Institute of Management-Calcutta has signed an agreement with four enterprises to set up a business incubation centre in its campus. The incubation unit of IIM-Calcutta is a part of the Centre for Entrepreneurship and Innovation (CEI) of the institute.
The incubation centre, as the name suggests, will be used to promote entrepreneurship. Alumni of IIM-C would be the mentors.
According to a release issued by IIM-C, the institute has entered into agreements with SAARC-award winning non-governmental organisation, Doctors For You (DFY), a hybrid social enterprise start-up called SwitchON-ONergy, IT-based tuition centre enterprise Edelwell Solutions and social enterprise Utopia.
These social enterprises have been chosen from the ventures which had qualified for the final rounds of the Tata Social Enterprise Challenge, a joint initiative of the Tata Group and IIM-Calcutta, which was held jointly earlier this year.
Professor Ashok Banerjee, who is the Dean of new initiatives and external relations, will be the principal mentor of the incubation unit.
“The incubation facilities at IIM-Calcutta will include mentorship support of faculty and alumni. We have developed a unique model of mentorship to ensure better monitoring and effectiveness of the programme,” Banerjee was quoted in the release.