MANAV RACHNA NEWGEN INNOVATION AND ENTREPRENEURSHIP DEVELOPMENT CENTRE (IEDC)
Manav Rachna Business Incubator is an initiative towards nurturing the innovative instinct of the students, alumni and faculty of MREI. With an objective to cater to the needs of students and faculty members who are inclined towards research, innovation, novel ideas and to encourage research and entrepreneurship, MRBIis equipped with all types of design, fabrication, manufacturing facilities to facilitatethe growth and success of startup and early stage companies. We at MRBI, also provide a good path to capital from angel investors, state governments, economic-development coalitions and other investors.At MRBI, business not only gets access to a potential buffet of capital choices, but also a host of intangible benefits including mentorship, expertise and networking.
MRBI offers integrated, customized Innovation-Based Incubation support services. It scouts for ideation for development of business concepts and works for inculcating skills and competencies through capacity building/ training programs for evolving enterprises.Regulatory, financial and administrative help form part of the services, and networking opportunities with potential investors, practitioners and collaborators are endless.
About the Infrastructure:
MRBI has developed an incubation policy to catalyze and promote development of knowledge based and innovation driven enterprises and is establishing its physical working space in more than 5000 square feet area to cater to the requirements of its budding entrepreneurs. Working spaces with latest amenities including internet, Wi-Fi, conference rooms, multimedia projector, pantry, and recreation area are a part of MRBI infrastructure. The incubatees are provided with latest prototyping equipments and software for developing their business ideas.
MRBI also encourages, facilitates, promotes and safeguards scientific investigations and research. It has laid down an IPR Policy for promotion and support to innovators and for translating their creative works into IP.
MRBI Process Model:
MRBI Awards and Accomplishments:
Along with the entrepreneurial success of its incubated startup ventures, MRBI has received various awards and accolades for its impact and expertise. Some to mention are:
- MRBI team member invited to United States of America by Marketplace Live.
- MRBI team member won the Venture Strategy Games Event organized by Marketplace Live.
Admission to Business Incubator:
At the opening level, applicants for admission in BI will be required to submit a Preliminary Information Form (PIF) which can be obtained from the MRIIC’s office or downloaded from its website. Upon shortlisting of PIF, the applicant shall then be asked to submit a Pre-Application Questionnaire(PAQ), which will then be scrutinized internally by the BI team. The complete flow of Admission is shown below:
Business Incubator helps undergraduate students, post graduate students, doctoral students, alumni and faculties at Manav Rachna to convert their business ideas into successful commercial or social ventures. 70 plus alumni startups running their ventures along with three 03 startups started by Manav Rachna students and over 10 ongoing startups are working day and night to build their dreams.
Services offered at MRBI
Entrepreneurship is a passion and MRBI works very closely with budding entrepreneurs to give direction, handholding and support to their start up enterprises. It helps the incubatees to think beyond the obvious and creates flourishing businesses.