This Friday, March 1, 2024, IIM Sambalpur is gearing up to host an extraordinary event aimed at igniting the flames of entrepreneurship across the nation. The one-day 100-Cube Start-up Conclave will be taking place at the institute’s campus.
In collaboration with the Ministry of Education, IIM Sambalpur has meticulously crafted this conclave to be a catalyst for change. The primary goal is to nurture the entrepreneurial spirit as well as enable the youth to turn their innovative ideas into reality.
A press release reveals the ambitious vision behind the conclave: to establish 100 startups on the institute’s premises, each with an impressive valuation of approximately INR 100 Crores by Odisha’s centennial celebration in 2036.
The conclave is set to draw significant attention, with Union Minister of Education and Skill Development & Entrepreneurship, Dharmendra Pradhan, gracing the event as the Chief Guest. An estimated 1200 attendees, including key stakeholders, investors, industry mentors, ministry representatives, students and members of the incubator and venture capital communities, are expected to converge at the event.
Noteworthy is the participation of 300 startups, including 50 hailing from various districts of Odisha such as Sambalpur, Jharsuguda, Sundargarh and Bargarh. These startups represent a diverse array of industries and promise to showcase the vibrant entrepreneurial landscape of the region.
The highlight of the conclave will undoubtedly be the launch of the ‘I-Hub Foundation,’ an initiative spearheaded by IIM Sambalpur. Operating under Section 8 as a registered company, the I-Hub Foundation will serve as the institute’s incubator, both physically and virtually. Mission of the conclave is to work with stakeholders and support new ventures in fields like textiles, arts, agriculture, healthcare, finance, technology and sustainability.
