About the Program

The labour force participation of women in India is among the lowest. While India is one of the largest countries with a booming startup scene, majority of them has been founded by men. But clearly there are still some impediments in the entrepreneurial ambitions of women. Social Impact Incubator for Women Entrepreneurs at IIM Calcutta Innovation Park, in partnership with Pernod Ricard India Foundation has been exclusively designed for Women Entrepreneurs, aiming to build a supportive biosphere for women to step alongside and share this entrepreneurial journey.

Program Benefits

The selected Cohort for the Social Incubator for Women Program will have multiple valuable benefits for the selected entrepreneurs.

  • The program will be of 1 year duration
  • Upto 5-7 startups will be selected as incubates
  • Each Incubatee will be eligible for a seed fund upto Rs 30,00,000
  • Mentorship & Guidance from IIM Calcutta Innovation Park
  • Customized Capacity Building Programs
  • Access to IIM Calcutta Innovation Park Network
  • Market and Investor Connect
  • Access to co-working space and other shared services on preferential rates

Timeline

02 August, 2022
Registration Starts
Last Date for Applications
02 September, 2022
To be announced
Announcement of Selected Candidates

Eligibility

  • Should be led by at least one-woman full-time founder / co-founder OR Should have women beneficieries.
  • The applicant should be a citizen of India.
  • Early stage start-ups with a sustainable business model.
  • Working on solutions that address the socio-economic needs of India.
  • Should be in pre revenue / prototype ready stage.

FAQs

A business idea is a concept for commercial purposes and typically centers on a product or service that can be sold for money by adopting an operational and practical model. The characteristics of a unique business idea are:

  • It must fulfill customer needs.
  • It should be innovative and solve market failure
  • Uniqueness in features and appeal
  • Clear Focus
  • Profitable in the long run
  • Early stage ventures with woman founder / co-founder.
  • The venture is in the early revenue stage or has a prototype/working model.
  • The venture should be addressing a pressing societal need, working in the grass root level, generating income for the people in the poverty line and bringing a positive impact in the livelihood of the masses.
  • The venture should have a determinable revenue model.
  • There is no restriction on the age or background of applicants
  • The applicant should have proficiency in the English language

You may go to the application page https://contest.iimcip.com/index.php/apply-now/prif-unnati and apply. In case of doubts you can email deepika.telang@iimcip.org.

Incubation is a process whereby an entrepreneur/organization get help for their new and startup business to develop by providing services such as management training, capital or office space. The incubation provides the eco-system for harnessing new business idea/concept and develop it into a commercial venture.

IIM Calcutta innovation Park (IIMCIP) is a nonprofit company set up under the aegis of IIM Calcutta to promote entrepreneurship and innovation and established itself as a premier hub of entrepreneurship development in East and Northeast India.

It is a process to identify the various sources of revenue generation of the business. It helps capture the value proposition and revenue sources for the goods and services of any business. A clear revenue model is important for sustainability of the business.

The requirement of any goods and services by the users and customers is defined as market demand. In traditional economics the supply and demand generates the businesses and defines the price of the goods and services. In a globalized world in current times, the market definitions can extend from local to global and the demand can be accordingly assessed. At times the ease of use of an existing service and breaking traditional service methods creates market demand. These are services of “mobile”, platforms like “ola/uber” which has created new demand.

The product/services which are traditionally in the market may be improved upon in a multiple manner so as to differentiate them. The product/service differentiator usually comes with improvement of quality, service and overall standardization. For example, the intervention of technology helped in railway ticket/bus ticket and hotel booking. Similarly, packaging of milk helped it improve ease of handling and sale anytime during the day.

Any new idea or concept when translates into a product/services is first tested within closed group of experts is a testimony of the proof of concept. The incubation centers are usually the places that provide the support and services for proof of concept of new idea/concept. The PoC is a stage before the test marketing (or beta stage) of any product/services.

The business that focuses and registers enough profits so as to serve its own cost of existence and grow on a year on year basis is a sustainable business. The products and services of the business remains relevant in its value proposition and benefits to its customers to be in demand sustains itself.

Contact Us

IIM Calcutta, Joka,
Diamond Harbour Road
Kolkata 700104

Terms and Conditions

  1. The information provided through the application will be kept strictly confidential and will be used for the purpose of the program only.
  2. The decision of the organizing team, regarding selection of candidates, is final, firm and binding.
  3. The application and / or incubation / fellowship will be cancelled if misrepresentation of facts are found at any point of time.
  4. During various stages of the program the participants need to disclose information of the company.
  5. The seed funding to be provided to the entrepreneurs will be against equity (to be decided at the time of funding).

Partner

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