Gurgaon-based BML Munjal University (BMU) has been specializing in scholar entrepreneurship because it was based in 2014. It has helped 15 start-up ventures by its alumni college students and 12 of those are within the early income stage. The college additionally has 20 start-ups being incubated on the campus.
For scholar start-ups, there are two incubators on the campus—the Atal Community Innovation Centre (ACIC) and the Propel.Prof Davinder Singh, CEO, ACIC-BMU Foundation, and in-charge of Incubation, BMU, informed FE that the ACIC has been arrange together with the Atal Innovation Mission (AIM) of the NITI Aayog.
“At the ACIC, we work with early idea stage start-ups and take them to proof of concept/prototype. They get mentorship and access to university infrastructure, including labs and centres of excellence,” Prof Singh stated. “The Propel helps start-ups which have developed a prototype and are able to go to the market. It helps them design their go-to-market technique, work out the enterprise mannequin, and develop their product additional.
Then there’s the mentorship intervention. Mentors are often individuals who have very sturdy business expertise and robust new product launch expertise.”The latest start-up to have come out of the campus is BatX Energies, which is into recycling of lithium-ion batteries.
“BatX Energies has been with us for about two years and has raised two rounds of funding. It was selected by the NITI Aayog to be part of the Indian contingent of select start-ups showcased at VivaTech in Paris in mid-June; VivaTech is Europe’s key start-up event,” Prof Singh stated.
The BMU, Prof Singh added, enjoys locational benefit. It is near one of many greatest start-up ecosystems within the nation, i.e. Delhi NCR. “The 100-km industrial belt from Gurgaon to Neemrana has over 50,000 industrial models. We work carefully with them when it comes to connecting them with the start-ups.
Being a part of the Hero Group, a bodily location close to business, and our emphasis on innovation and entrepreneurship, we’ve got been in a position to create a robust and vibrant start-up ecosystem on the campus,” he stated.The BMU often runs B-plan competitions. “We have the ideathon the place we invite college students from greater schooling institutes and colleges from throughout the nation to share their progressive concepts for fixing related issues.
We additionally conduct capacity-building actions the place we maintain classes on design pondering, IPR administration and business join,” Prof Singh stated. “At our flagship start-up event, the PitchFest, campus-based entrepreneurs get to meet prospective investors, successful start-ups, policymakers and thought leaders.”The most up-to-date version of the PitchFest, held in April 2022, had attracted over 300 start-ups.
While the ACIC and the Propel are run by the college, the BMU additionally has a number of student-run golf equipment like The Start-up and Entrepreneurship Club (TSEC) and Enactus, which is into social entrepreneurship. “These e-clubs are run by students and conduct many innovation and entrepreneurship activities, such as pitching contests, ideathons or a Shark Tank-like pitching activity. It allows them not only to participate as start-ups, but also learn how to manage and build an ecosystem.”
Source: www.financialexpress.com”