August 12, 2024: IIM Lucknow’s Enterprise Incubation Centre (EIC) has unveiled two new programs to support startups in India. The MediaTech Acceleration Program, in partnership with Graphisads Limited, will provide a 12-month accelerator for media-focused startups.
The Startup 101 Business Incubation Program is a 24-month initiative offering comprehensive support, including seed funding for top performers, mentorship, and access to resources. Both programs aim to foster innovation, entrepreneurship, and job creation in the country.
IIM Lucknow MediaTech Acceleration Program: A Catalyst for Innovation
In collaboration with Graphisads Limited, EIC has introduced the MediaTech Acceleration Program. This 12-month initiative is tailored to support startups revolutionizing the media industry. From media gamification and digital entertainment to influencer marketing and virtual reality, the program welcomes startups at all stages to explore their potential.
Selected startups will receive a holistic package of support, including funding opportunities, product development guidance, mentorship, industry connections, and access to cutting-edge resources like AI and IoT labs. The application window for this program closes on August 15, 2024.
IIM Lucknow Startup 101 Business Incubation Program: Nurturing Growth
EIC’s Startup 101 Business Incubation Program aims to be a cornerstone of India’s startup ecosystem. This 24-month program is structured in two phases to cater to startups at different growth stages.
The initial phase focuses on capacity building through workshops, mentorship, and guidance on product commercialization, customer discovery, and go-to-market strategy. The second phase emphasizes scalable business models, investor readiness, and global expansion.
A standout feature of this program is the assured seed funding for the top 25% of startups, coupled with a comprehensive startup toolkit and access to a supercomputer. Additionally, participants will benefit from mentorship, market access opportunities, and support in legal and compliance matters.
By launching these two programs, IIM Lucknow EIC reinforces its dedication to empowering entrepreneurs and driving innovation. With a strong emphasis on capacity building, mentorship, and market access, these initiatives are set to create a significant impact on the Indian startup ecosystem.
