Deadline: 1-Jun-23
Applications are now open for the LIVE Business Incubation Program which is designed to support start-up enterprises in Business Model Validation and Product-Market fit stages.
LIVE is an Entrepreneurship Development Centre and Business Incubator at the Indian Institute of Management Kozhikode. This is established by IIM Kozhikode and is supported by Department of Science and Technology, Government of India.
LIVE is envisioned as a Business Incubator with a purpose of creating a National Centre of Excellence that promotes innovation, new business venturing and entrepreneurship. Apart from Incubation Program for Start-ups, it seeks to carry out activities that promote entrepreneurship on IIMK campus and among greater community, conduct training and research in the domain of entrepreneurship, foster idea generation through competitive events, extend pre-incubation support to shape ideas, conduct accelerator/ cohort-based programs and other assistance to entrepreneurs that can help their ideas turn into successful enterprises.
Incubation program at LIVE intends to provide support and services to the Startup enterprise in good faith to pursue its objective to promote entrepreneurship. LIVE incubation program would support the startup firm for a maximum period of two years from the year of its first support.
What benefits Start-ups get in the Incubation Program at LIVE?
- Start-up firms incubated at LIVE would be provided with smart, wi-fi enabled, co-working spaces with meeting/ conference rooms and other necessary office facilities at highly subsidized rates. Apart from the office spaces, Start-up enterprises would be provided mentorship support by subject matter experts from IIMK faculty and/or industry. Start-ups at LIVE apart from benefitting from community of peer-start-ups, the faculty and the students in various programs at IIM Kozhikode can benefit from Networking events, seminars and workshops. LIVE would support Start-ups financially by funding from the funds it manages or provide access to investors – angels and venture capitalists.
Eligibility Criteria
- Incubation Program at LIVE is open to any entrepreneur/ Start-up and is not restricted to the ones promoted by IIMK students/ alumni/ faculty members. Those associated with IIMK may get priority for the similar merit of the idea. The venture, however, should be ready with proof-of –concept/ prototype and should be a registered firm (should be registered in 3 months’ time from confirmation of admission) to be eligible.
- There is only one admission process for all applicants. IIMK students/ alumni/ faculty may get priority subject to merit of the business idea.
For more information, visit LIVE Business Incubation Program.