The IIM Sambalpur I-Hub Foundation has invited aspiring startups and entrepreneurs to participate in its acclaimed Incubator & Accelerator Programme (2024-25). Aspiring entrepreneurs are encouraged to participate in the Incubator & Accelerator Programme by submitting their applications before the deadline on May 30th, 2024. Following the submission, shortlisted candidates will have the opportunity to present their projects between June 1st and June 14th, 2024. The final selection of ventures will be announced on June 15, 2024.

The program is designed to serve as a launchpad for promising early-stage startups, ventures, and changemakers who are focused on addressing significant societal challenges while achieving financial sustainability. The program also aims to promote responsible business practices that contribute to a more equitable and sustainable future.

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, informed, “At I-Hub Foundation is a dynamic ecosystem that nurtures innovative startups. The Incubator & Accelerator Programme empowers these startups with the crucial tools and support to achieve success and make a lasting contribution. The I-Hub Foundation”s thrust areas encompass a diverse range of sectors including Textile, Agriculture, Defense, Disaster Management, Women & Inclusive Entrepreneurship, Arts & Tribal Entrepreneurship, Financial and Digital Inclusivity, as well as Social Entrepreneurship. With a keen focus on these key domains, the foundation aims to foster innovation and sustainable development.”

IIM Sambalpur I Hub Foundation 

• Leveraging the established strengths of its initial incubation centre launched in 2020, IIM Sambalpur“s I-Hub Foundation, founded in 2024, has emerged as a comprehensive incubator and accelerator programme specifically designed to empower Eastern India”s socially conscious entrepreneurs.
• The Foundation transcends the traditional role of an incubator by offering a unique synergy of IIM Sambalpur”s academic excellence and real-world business acumen, providing ventures with the tools and knowledge necessary to thrive.
• Extending beyond physical infrastructure, the I-Hub Foundation boasts a 10,000-square-foot facility with dedicated workspaces and a diverse programme portfolio catering to various stages of a startup”s journey. This includes virtual incubation options and specialized programs like the Drone Centre of Excellence and the Crafts & Arts Incubator.
• Notably, the I-Hub Foundation prioritizes ventures with a social impact agenda, fostering a new generation of entrepreneurs equipped to address critical social challenges while achieving financial sustainability.
• It is to be noted that the Incubator & Accelerator Programme (2024-25) offers aspiring changemakers a robust support system, including intensive training, mentorship from industry veterans, and access to a valuable network. It also offers the privilege of joining the esteemed IIM Sambalpur I-Hub Foundation incubator community and enhancing credibility and recognition within the startup ecosystem.
• Participants will have access to essential resources such as co-working spaces, funding opportunities, industry connections, and potential investment leads, positioning them for success in their entrepreneurial journey.