IIMAvericks — CIIE’s Initiative to foster Entrepreneurship at IIM Ahmedabad
The IIMAvericks program provides mentoring & financial support to graduating students to take the road less travelled and start-up. The grant helps the entrepreneur sustain herself during this crucial period, and help them focus more on the business. The most critical period for any entrepreneur is the first two years of business. It is during this time that most businesses fail due to operational and budgetary constraints. The program is offered to IIMA alumni who have started/are starting up anywhere in India. CIIE follows a virtual incubation model & it is not necessary for the start-up to be stationed in Ahmedabad.
CIIE initiatives for IIMAvericks — CIIE has supported multiple events in the year aimed at attracting more students towards the IIMAvericks program and entrepreneurship in general. The year started with the “Young CEO” competition for the PGP1 class, where 35 teams were put through multiple rounds of evaluations for their business plans. CIIE conducted a Design thinking session and multiple mentoring sessions to help the students get started. CIIE also supported the Masterplan 2017, in association with Matrix Partners & Siemens. The idea was to get students to interact with actual VC’s for enhanced learning. Apart from this, CIIE supported various workshops at the Red Brick Summit on diverse topics such as Agriculture, Social Entrepreneurship, Design Thinking. To get students to work on more real life problems of early stage startups, CIIE supported the “Innovation Playground” where 10 innovators from across the country were invited to present at TRBS. Student teams worked with the innovators to develop business plans/ go to market strategy etc for the various inventions.
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