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MV–Idea | The Ideation Program

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About

IDEA is a structured program that offers a scalable approach to develop and support budding entrepreneurs entering the startup ecosystem. The program is designed to equip participants to create and develop ideas into tangible concepts, prototypes and business models.

Participants will come together to generate novel and out-of-the-box solutions about different scenarios through structured methods such as brainstorming sessions, focus groups etc. The program will coach participants in coalescing their ideas into clear, coherent technical and business models and develop investor-ready pitch presentations. Participants will receive coaching from experienced startup coaches and access to Maker Village facilities and tools.

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Who can apply?

    • - Young Entrepreneur Pre Incubation Program
    • - Idea challenge winner
    • - Direct applicants (Optional)

Incubation Support

Space and Facilities for Operation

    • Incubation Space – 45,000 sqft
    • Labs & Equipment – 15,000 sqft
    • Startup seating capacity-280 nos
    • 80 - seater Amphitheater
    • 150-seater mini auditorium
    • Meet up rooms/conference halls/library/product showcase
    • Office productivity equipment: Photocopier, Shredder, Scanner, Projector, video audio conferencing facilities
    • High-Speed wifi, 24/7 power backup
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Makers Lab

Maker Village Lab with Equipment and software tools, Facilitation for access to IIITMK Labs (including Centre of Excellence in IIoT Sensors (CoE in IIoT Sensors), and or of any other Institute / Organization. It will be subject to the said organization/ Institute’s approval and policy.

Business Mentoring and Support

    • Cash and grants: Stipend of Rs 500 per week
    • Advisory and coaching: Mentoring, Trainings and workshops
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Investors Connect

    • Facilitation for business, professionals and expert network Facilitation for investors network
    • Facilitation for industry connection in showcasing opportunities

Ecosystem Advantage

    • Experiential learnings in incubator
    • IIITMK ecosystem- technical resources and interactions, students, library, easy access to IP
    • Maker Village brand and Media visibility
    • Application for MEITY ESDM and Nidhi-PRAYAS in first 18 months for hardware startups*
    • [*Subject to eligibility and selection process]

For enquiries please email: makervillage@iiitmk.ac.in