INNOVATION AND INCUBATION CENTRE (IIC)

The Centre for entrepreneurship & family business- Incubation Cell of Jaipuria Institute of Management, Lucknow is AICTE certified and is a part of MHRD's Innovation Cell. Our Incubation Centre promotes the idea of developing entrepreneurship skills within the institute and in the nearby region to produce entrepreneurs. It was established in the year 2018 under the aegis of Centre of Entrepreneurship and Family Business. It offers a whole bouquet of incubation facilities and services to budding entrepreneurs and to convert their innovative ideas into commercially viable products or services. We incubate ventures in technology, FinTech, education and other interdisciplinary areas. Our team organises regular events like business plan competitions, investors meet, entrepreneurial talk series, workshops, and seminars to develop entrepreneurial ecosystems across the nation. Currently we are incubating six start-ups which are in different phases of their growth. We are planning to add more start-ups soon.

The Incubation centre has recently achieved a major landmark by getting recognized from the Government of Uttar Pradesh (GoUP) under its Start-up in UP initiative. The GoUP will provide a matching CAPEX grant up to Rs 50 Lakhs to set up the infrastructure related to incubation cell. Apart from this GoUP will provide an OPEX grant of Rs. 30 Lakhs per year. We received the First instalment of Rs. 7.5 Lakh of OPEX grant in 2022.

We also are a part of Institute Innovation cell, an initiative started by Ministry of Education, Government of India.

To provide all-round support to our incubates, we have partnered with organisations like Indian Industries Association (IIA) & Entrepreneurship Organization (EO) to enhance our mentorship facilities.

We are incubating 15 start-ups. One of them was recently funded by Government of UP. Two other start-ups of our incubation centre are in talks with VC’s and expecting funding soon.

OUR INCUBATEES:

Some prominent startups incubated in our incubation are as follows:

DISTINCT HORIZON: At Distinct Horizon, we develop intelligent technologies which are mechanizing scientific farming practices to double the profits of marginalized farmers across the developing world and increase food production while protecting the ever-degrading environment! All-in-one Tech Enabled Machines for Precision Farming!

TIFFILO: A company into tiffin services started in 2017 and hit an annual revenue of Rs 42 lakh in 2019. Your story published a story on them ( https://yourstory.com/2020/05/startup-bharat-lucknow-startup-homemade-food-delivery-tiffilo/amp) . They got the first round of funding in 2019. Now they are in talks for series A funding.

YOYOCIAL: “Yoyocial” is a Hindi digital platform which would cover national international, regional & hyperlocal news & events better & faster than anyone else.

FURNSTELLA: The company is in the prototyping stage. They are trying to develop a ecosystem for customized furniture. Their USP is usage of AR and VR.

Stark Power which is social for-profit venture started by our alumni Sama Mehndi is developing a portable smart self-sustainable toilet which can be installed at crowded places and will generate power generation using urine and solar.

EDUROOMZ: started by Jaipuria student Akshay, Eduroomz is an aggregator for classrooms available within city limits and can be booked on hourly basis by coaching institutes.

Bdesi founded by Anurag is a platform for artisans and designers which is helping them to directly, connect with buyers. The platform will use Augmented Reality for virtual trial rooms.

Clocean: Clocean Private Limited is involved in creating digital clothes and customer can also order physical clothes. There will be new illustration and designs updated every day as It is an open platform for illustrators and designers.

The company is also working towards providing digital trials of the selected clothes and/ or designs on customers by using latest technology.

At present the company is in Scaling Up Stage for customized designs and Prototyping stage for digital trials.

Facilities Additive manufacturing commonly known as 3D Printing is the latest and innovative solution for prototyping of products at minimal cost and in less time. The facility helps business and researchers in new product development.

List of Incubated Startups

Incubatee Logo & About - Peranum: PER ANUM FUTURE’S PRIVATE LIMITED: We aim to explore new ideas and technology for our day-today life. Our objective is to help organize daily lives, and facilitate ease of living through seamless incorporation of Technology.

Currently, we are in the process of creating a time tracking device, which will aid time management. The idea is to be able to back track time in a simplistic yet fascinating manner. The startup is in ideation stage at present

Softmation: Softmation Corporation is leading organization established since 2012 and our new venture as a startup named Softmation Innovation LLP is working on Healthcare industry. In view of the problem in health, we have to solve the problem from rural to urban world about what happens due to lack of medical attention and we are trying our best in that direction. We are making a health machine, which will bring a security feeling that we will get medicine with consultation everywhere. It will bring a huge revolution in health sectors and entire world will want use this service for health improvement. We are solving the problem in Health Sector from rural to urban world. Through our Digital Technologies we are trying to give more medical attention to rural as well as urban people. As we have seen in last 2 years at the time of Pandemic Situation the public not able to get in touch with doctor for even normal diseases also. There are no proper consultation or Checkup facilities (like BP, Pulse, Temperature, Weight, ECG etc.) available for rural people so we are trying our best in that direction. The company is in MVP stage for the incubated business idea.

1. Student President: He/she will be the leader of the student body and will be handling the overall responsibility of the students and SDC. He/she will be responsible to develop and maintain positive relationships with the student body through availability, accountability, credibility and confidentiality.
2. Student Vice-President: The next in line after Student President. He/she will also be a leader of the student body and would be handling the overall responsibility of the students and the SDC with Student President.
3. Academic Programs Committee: The committee will work with Dean (Academics), Program Chairs and PMC to execute various academic policies and guidelines. They will be responsible for curating and managing student driven clubs for academic excellence and overall personality development such as communication club or domain specific clubs.
4. Placements and Corporate Relations Committee: They will be responsible for building connections, to do outreach, to convert the prospective companies for campus placements and summer internships. Also, inviting industry mentors for webinars, trainings and asking them to provide opportunity for LIVE projects.
5. Logistic Committee: This Committee’s main responsibility will be exploring & cultivating the new & innovative ideas to have corporate events / seminars / conferences on and off campus
6. Social Responsibility Committee: This committee shall be responsible to show institutes concern for society and nation as well. They will organize events for creating an inclusive society (working with orphanages, old age homes, slums etc) in collaboration with NGO’s and the government.
7. Media Relations Committee: This committee will be responsible for the media actions, public relations and IT issues on campus and off campus. They will also be responsible for handling pre and post coverage of media for the events happening on or off campus.
8. Alumni Relations Committee: The committee will wholly be responsible for maintaining relationship with the alumni of the institute.
9. International Relations Committee: The main responsibility of this Committee is to focus on building global relations. This committee will work to establish different Memorandum of Understanding (MOU’s) that would benefit them for the student exchange program collaborating with their respective institutes.
10. Cultural Committee: This Committee is responsible for conducting various cultural events on campus. They will provide students the platform to showcase their energy for extra-curricular activities.
11. Sports & Wellness Committee: This committee is responsible for conducting various sports and wellness events on campus as well as in management fests etc.
12. Student Welfare and Disciplinary Committee: This committee will be responsible to promote good behaviour and compliance to the code of conduct of the institute. The committee will ensure proper grooming and uniform/formal wear, students carrying ID cards.
13. Incubation Committee: The Incubation Committee shall look after all the promotions and networking of the incubation centre of the institute through social media outreach. This Committee will be responsible for promoting the culture of entrepreneurship in the institute and building a relationship with external government agencies, Incubation Centers or E-Cell of different institutes and corporate houses.
14. Domain Forum Committee: The aim of this committee is to develop soft and hard skills in the students and provide a platform to test them. The idea is to organize competitions in different domains of finance, marketing, HR, operations, and business analytics, and collaborate with CMC to take up competitions from other B-Schools.