Volume 09      Issue 09     10 July 2011
CIIE awarded the best ‘Technology Business Incubator’2010

The National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Government of India, has evolved enabling mechanisms such as the Science and Technology Entrepreneurs Park and Technology Business Incubators to nurture and support innovative technology  knowledge driven new enterprises in a conducive environment that encourages innovators to innovate and entrepreneurs to create new enterprises, generate new jobs, attain sustainable growth leading to economic and social development. In order to recognize and reward the work done by business incubators and technology parks in the area of incubating and nurturing technology based start-up ventures in emerging technology domains, the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Government of India, has instituted a National Award for Technology Business Incubators. The Award carries a Cash Prize of Rupees One Lakh, a trophy and a certificate.

For its contribution in the area of incubation and entrepreneurship, CIIE has been awarded the best ‘Technology Business Incubator’ award for the year 2010 by the Government of India.


iAccelerator 2011 launched!

The program is now accepting application for its 2011 batch and is looking for brilliant individual and team in Internet & Mobile domain. iAccelerator is an incubation program that is designed to equip technology entrepreneurs to establish well run, technically excellent and profitable companies. Our experience, network and capital ensures that the iAccelerator startups are successful. The application closes on 1st August, so hurry up and get started on your idea!

The finalist startups will receive total Rs. 5 Lacs in seed funding from CIIE and/or an angel investor. Moreover, the startups will be incubated at CIIE and given mentoring and other support from our team and network of experts. During the three months long incubation period, the startups will be encouraged to come-up with a working prototype of their product and acquire initial customers. Demo day which will be held towards the end of the program will give iAccelerator startups an opportunity to showcase their product in front of early stage investors.

For more detail please check out our website at www.iaccelerator.org

Mentor edge

Group Mentoring session in CIIE on 18th June’11

I have always wanted to be my own boss.  Having that satisfaction of creating something of my own, my own little contribution in bringing about a change in the ecosystem.  But then comes in the opportunity cost.  Am I ready to give up my cushy job, a regular income for an uncertain future? What if it fails? What if?

These might have been the thoughts of some participants who attended the Group Mentoring Session conducted by MentorEdge Initiative of the Centre for Innovation Incubation and Entrepreneurship on 18th June, 2011.  Mr. Parag Desai, Director, Sales and Marketing at Wagh Bakri Tea Group and Mr. Rahul Shah, Director, Customer Solution, eInfochips, touched upon various topics of marketing and dealing with customers.  Also present was Mr. Pulkit Gaur, CTO and Founder, Gridbots Technologies, an incubatee at CIIE, talking about his journey as an entrepreneur, the ups, the downs and everything in between.

Upcoming Mentoring Sessions

Nobody gives a damn about you when you kick start, as the saying goes  "nobody worships an Idol in the making", it is only a good  Mentor who can see far. Entrepreneurship is a lonely journey, you need people around who are excited about your product/ service, to give you directions on the untraveled path. MentorEdge has hit the nail right.

Nihar A Kalghatgi, the founder behind SchoolApps met his entrepreneur at Mentor Rendezvous, Pune, last year. He came in with an idea and now has a thriving business.

Mentor Rendezvous’ are a common platform where the Mentors and entrepreneurs come together. The aim is to facilitate and connect Entrepreneurs with the Mentors over a 45 minute slot, which is allotted before the event. The event lasts about half a day, where dedicated slots are assigned for mentees and mentors to meet. The mentees are sent preparatory material to ensure they come prepared with the project / ideas and make optimum use of the 45 minute slots allotted to them with their chosen mentor. We intend to organize the event such that the mentee is benefited by meeting at 3 – 4 mentors on the day.

MentorEdge, was started last year by the Incubation Cell at IIM Ahmedabad (CIIE), and we would encourage every entrepreneur in the city to register for this event.

Details of the upcoming Rendezvous :-
  • 6th Aug Hyderabad
    20th Aug Ahmedabad
    20th Aug Mumbai
    27th Aug Kolkata
    3rd Sep Delhi
    10th Sep Pune
    17th Sep Bangalore
    24th Sep Chennai

    Register here. Please feel free to mail us on mentoredge@ciieindia.org if you would like to connect with the team. Please use the following format as subject for the mail: Interested in Mentor Rendezvous {city}

Incubatee News


CEON Reaches Kenya and Middle East!!!

Grabbing the Kenyan market was the one of the biggest milestones in the life of CEON Solutions. The clients in Kenya include PUEA (Presbyterian University of East Africa) and NIS who appreciated the iSchool product and were very keen to install it at their institution. Moreover, Equity Bank the largest bank of Kenya is on the potential client list of the company. This Bank is associated with 400 schools which they want to automate; Where CEON was selected in final round of selection.

CEON in Middle East: The Clientele of the company is also expanded to Middle East which includes the countries like Abudabi, Oman, Kuwait. Alshaya in Kuwait is one of the biggest clients. GIIS (Global Indian International School) is the other client.


VMukti 1VC is now Nasscom's Official Webcasting Partner

Nasscom webcasted LIVE its second event in the row "Green IT " through 1VC. It was viewed by over 154 viewers from across the globe discussing on adopting green technologies and practices, giving rise to the Eco friendly industries and converting employees into green crusaders in the IT. VMukti 1 VC is already a Green Crusader through its path breaking technology.

Aspiration Energy

Aspiration’s foray into Telecom Tower sector!

Telesolar Solutions is the new JV between Aspiration Energy and Gemini Communications for offering Solar Solutions for Telecom Towers.  Telesolar Solution Pvt Limited, has signed an agreement with a major Telecom Company for installing a solar power system & maintaining their tower sites. Having completed pilot installations at 3 sites, work for the next 17 sites is underway. This will be followed by another 180 sites and then progressively up to 1,000 sites.


Gridbots bags contract for co-developing robots for underwater robots for nuclear facilities from Bhabha Atomic Research Centre.

Medulla-Soft Technologies

After the hectic last quarter Medulla-Soft has completed projects of public importance in the west, central and north region of Mumbai. Medulla-Soft is planning to enter in the field of pedestrian simulation and disaster management to avoid the human losses in the situation of crisis.

They are planning to partner with the technology experts from across the globe and intends to be the premier agency in India in the field of transportation planning both for Vehicular and pedestrian traffic with a plan to set up two more regional offices across India .

CIIE awarded the best ‘Technology Business Incubator’ 2010

Gridbots won the Hottest startup awards by Business World
Incubatee News
Ceon reaches Kenya and Middle east
Pulkit Gaur - CTO/Founder of Gridbots featured on Business World Magazine cover page.
Gridbots exhibiting its groundZERO combat robot to various defense establishments.
In the Spotlight
Group Mentoring Session conducted in CIIE on 18th June’11
CIIE launches iAccelerator 2011
MentorEdge Success Stories

CIIE   India

Contact us at:

Centre for Innovation Incubation and Entrepreneurship
Indian Institute of Management (IIM), Vastrapur, Ahmedabad - 380015 Gujarat, INDIA
E-mail: ciie@iimahd.ernet.in  Phone: 079 6632 4203  Fax: 079 6632 4207
Web: http://www.ciieindia.org/

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