Providing Support to existing or new start-ups/enterprises
Scaling up early-stage start-ups and facilitate converting business ideas into entrepreneurial ventures. To that end, aims to build and share resources, including space and infrastructure, access to business support services, seed funds, mentoring, and training programs to enhance entrepreneurs' skills.
Fostering a culture of innovation and entrepreneurship
For entrepreneurship to be widely prevalent in society, it needs to become an essential part of the educational curriculum and be organically linked with innovation which is made available in the institute. It works towards fostering a culture of innovation among students and faculty of educational institutions by organizing initiatives like workshop, hackathons, tech-fests, idea competition, start-up boot camps, etc. These encourage students and faculty to work on new ideas, which could later be converted to successful business ventures.
Building a conducive ecosystem for entrepreneurship
An effective entrepreneurial ecosystem requires the active participation of multiple stakeholders, including businesses, policymakers, educational institutions, social networks, and other civil society actors. It will nurture this ecosystem by bringing together start-ups, industry mentors, eminent academicians, and researchers. It will also integrate entrepreneurial activities across various centers, departments, faculties at IIT (ISM) Dhanbad, thus breaking the silos.