INSTITUTEINCUBATION &INNOVATIONCOUNCIL (I3C)(A Section-8 not-for-profit Company)

2021 -2022 I3C

I3C

04Vision & MissionCarving the future

06Introduction

Dreaming beyondboundaries

09Plan of Action

Turning ideas intoreality

10Yearly Targets

Roadmap to success

07Aim

Fueling EntrepreneurialSpirit

08Scope of work

Ideas under spotlight

12Revenue Model

Towards self-sustenance

13Growth

Onwards & upwardsI3C

I3C’s vision is to become a vehicle for translating the vision of scientific, technological and industrial think tanks of India into the national demand & supplychain of products, processes and services.

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INSTITUTE INCUBATION & INNOVATIONCOUNCIL (I3C)(A Section 8 not-for-profit organization)

VISION:

I3C commits itself to address the societal challenges through dynamic global technological advances by bringing the Indian ecosystem to a sustainable circular economy. I3C will work to INCUBATE, START, ACCELERATE and SCALE the venture while providing a strategic entry to the entrepreneur into the circular economy, by tapping the talented and lifting their skills.

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MISSION:

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INSTITUTE INCUBATION & INNOVATIONCOUNCIL (I3C)(A Section 8 not-for-profit organization)

I3C

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The Institute Innovation & Innovation Council is a Section-8 not-for-profit organization incorporated on March 18th, 2021. Popularly referred to as I3C, this not-for-profit company endeavours to fuel the entrepreneurial pursuits of the Business Moguls of tomorrow.

It is committed to foster the spirit of entrepreneurship amongst the people of Jammu, Kashmir and beyond. I3C strives to build and promote the culture of innovation and incubation at IIT Jammu. It aims to become a commercial platform that is fit to incubate and introducestart-ups to the real world.

DREAMING BEYONDBOUNDARIES

Scott Belsky, Co-founder of BEHANCE

It’s not about ideas, it’s aboutmaking ideas happen.

I3C

I3C aims to turn start-up ideas into marketable products. It will work extensively on determining ideas with a vision for change and help turn them from Incubates to potentially prosperous business ventures. For I3C, Business pitches will be the playing field and Business proposals will be its medals.

I3C will be a platform that incubates entrepreneurial ideas, transforms them into wealth by virtue of technological innovation and helps turn them into commercially viable products.

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IIT JAMMU & I3C: BUiLDiNG STARTUPS TOGETHER:

FUELING THE ENTREPRENEURIALSPIRIT

Jeff Bezos, Founder of AMAZON.COM

What is dangerousis to not evolve.

I3C

IIT Jammu:(Institute Innovation & Entrepreneurship

Development Centre(I2EDC) committed tofacilitate Pre-incubation through I2EDC)

I3C:(A section-8-not-for-profit company withan aim to turn pre-incubated concepts intomarketable products )

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I3C will chalk out the business journeys of ideas that have the potential to solve problems.I3C aims to nurture such ideas and help transform them into usable products/processesand services.

From Take-off to a smooth landing: Building start-ups from ground-up and helping nurture them right into the final stage.

Getting the wheel rolling: Accelerating start-ups and scaling up operations of existing ones .

Connecting Ideas to investment: Help in pitching ideas to angel investors, venture capitalists, etc.

Mentorship over hand-holding:

Independent yet sustainable start-ups by training & assisting in I.P.R. matters, Marketing and Technological transfers fueled by a robust mentorship strategy.

Exposure to state-of-the-art amenities: Accessing IIT Jammu’s space, utilities, labs (Tinkerer’s Lab, etc.) and workshop facilities at nominal charges.

IDEAS UNDER SPOTLIGHT

Henry Ford, Founder of Ford Motor Company

Whether you think you can,or think you can’t - you’re right.

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Catering to the growing needs of the Institute and Industry by tapping into mega projects initiated by GoI Entities, Private Foundations and Industrial Houses.

Aligning its endeavours to GoI’s MAKE in INDIA, VOCAL for LOCAL, SKILL INDIA, DIGITAL INDIA, ATMA NIRBHAR BHARAT, and WOMEN EMPOWERMENT schemes.

Organizing Hackathons, design contests, concept competitions, to promote the entrepreneurial spirit and helping the forerunners commercialize their start-ups.

TURNING IDEAS INTO REALITY

Brian Chesky, Co-founder of Airbnb

If we tried to think of a good idea,we wouldn’t have been able to thinkof a good idea. You just have tofind the solution for a problemin your own life.

ROADMAP TO SUCCESS

Making Infrastructure available for internal and external incubates. Standing Committee for processing, selecting, evaluating, & monitoring progressof startups.

Supporting & encouraging 4 to 6 startups through incubation per mega funding. Facilitating infrastructure, faculty mentorship and funding support to innovators. Organizing Road shows, Webinars, Conferences and Training programmes to garner attention from young entrepreneurs and startups in and around Jammu & Kashmir. Leading the entrepreneurial spirit through Hackathons and Challenge Problems.

YEAR 1: FORMATION MODE: ViSiON>MiSSiON>STRATEGY

01YEAR YEAR

02YEAR

03

FORMATIONMODE

VALIDATIONMODE

GROWTHMODE

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Expanding the group of startup entrepreneurs to achieve the goal of 8 to 12 incubates per mega funding. Launch incubates from Year 1 as startups, i.e, private limited companies.

Collaborating with industry partners and experts to conduct hackathons to attract entrepreneurs from across the country. Creating a robust revenue model consisting of Incubation charges, service fee,technology transfer, licensing, utilization of facility, skill development, consulting and training programs.

YEAR 2: VALIDATION MODE: LEAN STARTUP

Incubation of at least 15 startups per mega funding source.

Launch of at least half of existing incubates as startups to generate revenue through technology transfer.

Building brand & garnering trust through emergence of at least a handful of small & medium sized organizations to attract more entrepreneurs. Increasing the frequency of Workshops, Training Programs and Hackathons to expand theecosystem of I & E.

Accelerating the revenue model & exploring additional avenues of fundingto achieve financial sustenance.

YEAR 3: GROWTH MODE: SCALE-UP

Azim Premji, Chairperson, WIPRO

If people are not laughingat your goals, your goals aretoo small.

ROADMAP TO SUCCESS

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Guy Kawasaki, Alltop Co-Founder and Entrepreneur

Ideas are easy. Implementationis hard.

TOWARDS SELF-SUSTENANCE

Technology Transfer and Licensing Agreements.

Service Charges and professional fee for several offerings.

Facility utilization (instruments, equipment, labs, library, design softwares andhardwares, development, validation and prototyping). Training, Skill Development & Incubation charges/fee.

Consultation services in fields of marketing, technical expertise and IPR services.

MOU with IIT Jammu for a bilateral exchange of ideas and knowledge.

SOURCES OF REVENUE GENERATiON:

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Peter Drucker, Father of Modern Management

The best way to predict the futureis to create it.

ONWARDS & UPWARDS

I3C will claim a decreasing % of sales & profit for the first five years from Incubatescashing in profits within the first 2-3 years.

I3C will claim a decreasing % on the sales/profit of the first, second, third, fourthand fifth crore from Incubates with a longer profit making period in comparisonto those mentioned in point 1. Funding aid from Central & State Government including Research and Innovationagencies such as DST, DBT, DSIR, NIDHI, Niti Ayog, ATAL, AIM; and severalother research foundations including global philanthropic foundations likeBill & Melinda Gates Foundation, Wellcome, etc.

Collaborations with Industrial Houses and exploring avenues of CSR funding.

A 4-PRONGED APPROACH TO I3C’S GROWTH PLAN:

In three years, I3C is expected to expand into a full-fledged Technology Business Incubator.

CASHING IN PROFITSFROM FAST PACEDINCUBATES.

CASHING IN PROFITSFROM SLOWINGGROWING INCUBATES.

FUNDING AID FINANCIAL COLLABORATIONWITH INDUSTRIAL HOUSES/ CSR FUNDING

I3C - CORE WORKING TEAM

PROF. MANOJ SiNGH GAUR

PROF. ASHOK KHANNA

DR. SURESH R. DEVASAHAYAM

DR. AMIT KUMAR SINGH

DR. ASHUTOSH YADAV

DR. NAVNEET KUMAR

DR. VIJAY KUMAR PAL

CA MEENA SHARMA

CONTENT CURATiON

DR. AMiTASH OJHA,

FACULTY-IN-CHARGE - MEDiA CELL, IIT JAMMU

MS. AKANKSHA CHAUHAN,

COMMUNiCATiON OFFiCER -

MEDiA CELL, IIT JAMMU

DESiGN LANGUAGE

YUGAL KiSHORE SHARMA

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