Institution Innovation Cell (IIC)

Seshadripuram Institute of Management Studies

BENGALURU

Innovation Model

The SIMS innovation cell at an operational level is responsible for nurturing innovative ideas by handholding the founders through the business proposal stage, identifying the target market, creating a minimum viable product/ service, technological guidance, industry exposure, pre-launch activities, consumer feedback and exposure to the investor community.

Pre-Incubation Model :

  • Support startup for idea generation
  • Technology feasibility .
  • Entrepreneurship awareness.
  • Training and development for business plan and presentation skills.

Access :

  • Acceptance of Business Proposal from the Incubatees.
  • Presentation by Incubatee.
  • Validate the concept or proposal along with feasibility study through domain experts.

Incubation :

  • Mentor incubate for new product or process development.
  • Assess the market situation or acceptability.
  • IPR certification.
  • Seed Funding.
  • Commercialization.
  • Product launching.

Completion :

  • Market research.
  • Business and growth assessment.
  • Client assessment and acceleration.
  • Tie up with marketing and sales agencies.
  • Product launch.

Entrepreneur