The Jagannath Gupta Memorial Entrepreneurial Incubation Centre at JIMS fosters creativity and offers support in translating ideas to businesses. The aim is to nurture the spirit of entrepreneurship among talented and ambitious students.

Business incubators are designed to promote entrepreneurs through several business support resources and services. The support services hence assist an entrepreneurial business and increase its potential to become a successful venture. An incubator is a place where entrepreneurs are able to work in a motivating environment side-by-side with other start-up companies instead of on a stand-alone basis.

The main objectives to establish the Incubation Centre are:-

▪ Promoting innovation and entrepreneurship by converting and translating technology ideas and innovation in various disciplines for commercial exploitation and the benefit of society.

▪ Encourage self employability and provide employment to young graduates

▪ Provide support to tiny,small and medium enterprises

▪ Imparting training to incubate the efforts of young graduates

▪ The presence of an incubator creates an environment conducive to entrepreneurship.

▪ It encourages students and faculty members to start thinking of setting up ventures based on their own technologies and ideas.

▪ Promote Research and Development

Infrastructure

The Incubation Centre shall offer on-site business facilities to aid entrepreneurship among students. The facilities on campus would include office space, computers, printers, communication systems, and Internet connectivity etc. - amenities that budding entrepreneurs may need at the business plan stage of a new venture. It also provides a meeting room for discussion, to propel ideas and to network.

Professional Mentoring and Business Advice

The Incubation Centre would enable students to reshape their business plans to commercial models and to make it a success.

The Centre would help students:

The Incubation Centre would have connections with organizations and individuals, to encourage students and help them draw on a bigger canvas and facilitate sources of funding their projects. It provides a business environment, to think and act like entrepreneurs.

This Centre will bring together student innovators, entrepreneurs, Alumni, venture capitalists, bankers, subject experts and mentors to provide an ecosystem that will help students understand the processes and policies related to commercializing their business plans.