"Experience Entrepreneurship @ IITM..."
“Nirmaan”- translates to “creation, foundation, construction, making, building, structure, formation…”
Nirmaan at IIT-Madras is the nursery of start-up dreams among our students and faculty. Set up over two years ago to enable creative projects to explore business potential, Nirmaan helps committed teams validate their ideas, approach to market leading to establishment of a start-up company. It is a pre-incubator, where ideas mature towards incubation. The rich talent pool at IIT-M serves as the fountain spring of ideas, the end goal of teams accepted in to Nirmaan is to be accepted into the Incubation Cell (IC) at IITM-Research Park.
Having enabled over half a dozen ideas get incubated, Nirmaan has seen over 20 groups pass through the program. Some have been successfully incubated and raised over 1 Million USD till date. Current cohort has about 20 teams in various business domains including edu-tech, agri-tech, consumer products and advanced technology solutions.
WHAT DO WE OFFER?
- Coaching/Mentoring: Project teams are connected with mentors, who will guide and nudge these groups towards business success
- Access to tools & resources: Wide variety of resources available at IITM including advanced machining, characterisation and computing facilities
- Workshops/Trainings: Periodic workshops and training on relevant topics such as Lean Start-up, Business Model Canvas, IP/Legal Rights, Pitching, Design Thinking, exposure to various start-up awards
- Pre-seed funding: Grant towards development of prototypes and to cover expenses related to evaluation of business hypotheses
- Other services: Counselling and support on IP Filing, contracts, and establishment of a Pvt. Limited Company
- Participation and successfully clearing 2 rounds of funding enables the team members to potentially convert their participation into a free elective
- A workspace to think and work on your ideas
Nirmaan in Media...
Indian Institute of Technology, Madras Chennai-600036
+91 78620 02002