IIM Udaipur Incubation Centre

What IIM Udaipur Incubation Centre does

IIM Udaipur Incubation Centre (IIMUIC) is the official Technology and Business Incubator of the Indian Institute of Management Udaipur, supported by the Department of Science and Technology, Government of India. Founded circa 2017 and headquartered on the IIMU campus in Balicha, Udaipur (Rajasthan), IIMUIC operates as a non-commercial academic incubation entity with a small core team of five (CEO Abhyudaya Goyal plus four associates/managers under Director Prof. Ashok Banerjee). Its mandate is to nurture early-stage ventures across pre-incubation, seed funding, acceleration, fellowship, hackathon, and rural enterprise tracks, serving founders across sectors including deep tech, agritech, edtech, healthtech, fintech, clean energy, and social impact.

The centre runs a portfolio of roughly a dozen programs sourced primarily from government schemes: NIDHI Seed Support (up to Rs. 50 lakhs), NIDHI-EIR Fellowship (Rs. 10-30K monthly stipend), Startup India Seed Fund Scheme (up to Rs. 30 lakhs equity + Rs. 10 lakhs grant), Genesis EIR (up to Rs. 10 lakhs), MeitY SAMRIDH (up to Rs. 40 lakhs matching), Samriddhi for Women Entrepreneurs (up to Rs. 7 lakhs grant / Rs. 2 lakhs stipend), Deep Rural Impact Program, MSME Idea Hackathon, Idea to Startup, Women-In-Tech Accelerator, Social Impact Innovation Grant, and SVEP. Most programs are free; only Idea to Startup (Rs. 12,000) and Women-In-Tech (Rs. 67,000) carry participant fees. The centre's underlying technology stack is a standard web-based application/intake platform; it does not develop proprietary AI or software products.

Revenue mechanics are grant-dominated: IIMUIC receives institutional support from DST, MeitY, DPIIT, and the Office of DC-MSME to operate government-mandated programs, and in turn facilitates matching grants, seed capital, and equity support to portfolio startups without charging incubation fees. Portfolio startups have collectively surpassed Rs. 50 crore in revenue and 23 were showcased at the November 2025 IIMUIC Startup Showcase. The go-to-market motion is community-led, leveraging the IIMU brand, faculty networks, alumni referrals, and government scheme partnerships (DST, MeitY, Startup India, Rajivika) for founder recruitment and deal flow.

Name

IIM Udaipur Incubation Centre

Legal name

IIM Udaipur Incubation Centre

Website

https://iimuic.org

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

IIM Udaipur Incubation Centre is the official DST-supported Technology and Business Incubator of IIM Udaipur, operating 12+ government-funded programs (NIDHI, SISFS, MeitY SAMRIDH, Samriddhi, Deep Rural Impact) that provide seed grants, fellowships, and acceleration to early-stage Indian startups across deep tech, women-led, rural, and social-impact verticals.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Educational Support Services (61171)

akta.pro primary industry

Venture Studios / Company Builders (FSANAAAH)

akta.pro secondary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

• Startup incubation services
• Seed funding programs
• Entrepreneurship acceleration
• Technology business incubator
• Startup mentorship programs

Headquarters

HQ city

Udaipur

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Grant and Government Scheme Facilitation: IIMUIC acts as an incubator supported by government schemes (NIDHI-DST, MeitY SAMRIDH, Startup India Seed Fund Scheme). It facilitates funding for startups through matching grants and does not appear to charge fees to incubatees. The centre receives institutional support from DST and other government bodies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

IIM Udaipur Incubation Centre operates as a technology and business incubator supporting early-stage startups through structured programs. It provides mentorship, co-working space, funding facilitation via government schemes (NIDHI, MeitY SAMRIDH, Startup India Seed Fund), investor networking, demo days, and access to IIM Udaipur faculty and the broader entrepreneurial ecosystem. Programs span pre-incubation (EIR, idea-stage), incubation (seed funding), and acceleration (cohort-based accelerators for women, rural, deep tech, and women-in-tech startups).

Product overview

IIM Udaipur Incubation Centre operates as a technology and business incubator supported by the Department of Science and Technology, GOI. The center provides a comprehensive startup support ecosystem comprising multiple programs: seed funding programs (Nidhi Seed Support up to Rs. 50 lakhs, Startup India Seed Fund Scheme up to Rs. 30 lakhs, Genesis EIR Program up to Rs. 10 lakhs), accelerator programs (MeitY SAMRIDH, Deep Rural Impact, Samriddhi for Women, Women-In-Tech), fellowship programs (Nidhi EIR), pre-incubation programs (Idea to Startup), grant programs (Social Impact Innovation Grant), hackathons (MSME Idea Hackathon), and rural enterprise support (SVEP). The center focuses on three key areas: excellence, innovation, and inclusive growth, supporting early-stage ventures with technology development, network assistance, office space, and mentorship.

Differentiator

Problem solved

Functional benefit

Products and services

• Deep Rural Impact Program A 6-month virtual program for startups focused on improving education, health, and livelihood outcomes for rural communities. Provides leadership development, business scaling, market launch planning, networking, demo day pitching, grant support, and startup toolkit access.
• Genesis EIR Program Program under the GENESIS scheme supporting early-stage startups in IoT, AI, Blockchain, and Deep Tech domains. Provides funding up to Rs. 10 lakhs, mentorship, MVP development, pilot validation, investor connections, and co-working space.
• MeitY SAMRIDH Accelerator Program A 4-month acceleration program in collaboration with MeitY Startup Hub, Ministry of Electronics and Information Technology. Supports 300 tech startups over 3 years with cohort sizes of 5-10 startups, offering matching contribution support up to Rs. 40 lakhs as grants and equity.
• Samriddhi Program for Women Entrepreneurs A 4-month virtual program for women-led ventures with two tracks: Startup Track offering grants up to Rs. 7 lakhs and Entrepreneur-in-Residence Track offering stipends up to Rs. 2 lakhs. Includes workshops, coaching, and demo day.
• Startup India Seed Fund Scheme (SISFS) Government scheme providing seed investment up to Rs. 30 lakhs and grant-in-aid up to Rs. 10 lakhs per startup. Includes 12 months of incubation/acceleration support, customized mentoring, follow-on investment support, and networking for DPIIT-recognized startups incorporated within 2 years.
• NIDHI Seed Support Scheme Seed funding program providing financial assistance up to Rs. 50 lakhs per startup for technology-backed startups with customer traction and initial revenues. Covers product development, testing, test marketing, mentoring, IPR issues, and day-to-day operations.
• NIDHI EIR Fellowship Program Entrepreneurship fellowship providing monthly stipend of Rs. 10-30K for 12 months to aspiring entrepreneurs with technology business ideas. Includes pre-incubation for 10 fellows, co-working space access, follow-on funding opportunities, and expert mentorship.
• Women-In-Tech Startup Accelerator A 15-week (4-month) cohort-based paid program for innovative and scalable women-led technology startups. Features workshops, mentorship, coaching, networking, funding support, and investment readiness preparation. Program fee of Rs. 67,000 with application fee of Rs. 500.
• Idea to Startup Program A 4-month program in collaboration with Moonpreneur teaching entrepreneurship fundamentals to students and working professionals. Covers 12 topics including Business & Finance, Design Thinking, Idea Generation, Sales & Marketing. Program fee Rs. 12,000 with early bird discount of Rs. 6,000.
• Social Impact Innovation Grant Program Grant program for 10 promising social impact startups using business models to tackle India's social challenges. Offers seed investment up to Rs. 10 lakhs, 12 months of incubation/acceleration, customized mentoring, follow-on investment, and networking.
• MSME Idea Hackathon 2.0 Theme-based idea hackathon under MSME Innovative Scheme supporting innovative solutions in agriculture, health, power/IT, service, and miscellaneous sectors. Provides funding support up to Rs. 15 lakhs per approved idea through host institutes.
• SVEP - Startup Village Entrepreneurship Program Rural enterprise incubation program in collaboration with Rajasthan Livelihoods Council (Rajivika) under DAY-NRLM. Supports women-led rural enterprises in manufacturing, services, handicrafts, and food processing sectors with business capacity building and scaling support.

Quantifiable outcome

• Startups in the IIMUIC network have surpassed ₹50 crore in total revenue
• +3 more outcomes

Named customers68 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Indian Institute of Management Udaipur (IIMU)coreStrategic or Co-development PartnerIIMU provides institutional affiliation, faculty expertise, research resources, campus facilities (co-working space, event venues), and brand credibility to IIMUIC. Prof. Ashok Banerjee serves as Director of both IIMU and IIMUIC. The incubator is an integral part of the IIMU ecosystem.
• MoonpreneurminorStrategic or Co-development PartnerIIMUIC collaborates with Moonpreneur for the Idea to Startup Program, which provides entrepreneurship education virtually through 12 live instructor-led sessions covering business, design thinking, sales, marketing, and communication skills, delivered by global industry experts.
• BITS PilaniminorOthersBITS Pilani is listed among IIMUIC's partner institutions, suggesting collaboration in the startup ecosystem, mentorship sharing, or referral of startups between institutions.
• AIC (Atal Incubation Centre)minorOthersAIC is listed as a program partner for the Samriddhi Program for Women Entrepreneurs, collaborating on women entrepreneurship development initiatives.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SINE (IIT Bombay): SINE (Society for Innovation and Entrepreneurship) is IIT Bombay's technology business incubator and a DST-recognized TBI. Comparable to IIMUIC as a top-tier academic incubator running seed and accelerator programs and partnering with government schemes like NIDHI and SAMRIDH.
• NSRCEL (IIM Bangalore): NSRCEL is the technology and business incubator at IIM Bangalore and is one of India's longest-running academic incubators. It is directly comparable to IIMUIC in structure (IIM-affiliated, DST-supported, multi-program stack including seed, accelerator, and social-enterprise tracks) and target audience (early-stage founders).
• CIIE.CO (IIM Ahmedabad): CIIE at IIM Ahmedabad is the IIM-system's flagship technology and business incubator, running seed and accelerator programs for early-stage ventures with significant VC and government partnerships. It is directly comparable as an IIM-affiliated academic incubator with multi-stage programs.
• IIM Calcutta Innovation Park (i2i): i2i is the technology business incubator at IIM Calcutta, providing incubation, acceleration, and seed support to early-stage startups. It is a structural peer to IIMUIC as another IIM-affiliated DST-recognized incubator operating multi-program stacks.

Emerging players

• Intellecap-Aavishkaar Group: Intellecap is the advisory arm of Aavishkaar Group and supports impact-driven entrepreneurship across emerging markets. Intellecap/Aavishkaar senior leadership sits on IIMUIC's IAC, reflecting direct ecosystem overlap in impact-venture incubation.
• Villgro (Impact Incubator): Villgro is one of India's longest-running impact and social enterprise incubators providing seed funding and incubation to health, agriculture, and rural ventures. IIMUIC's Deep Rural Impact, Social Impact Innovation, and SVEP programs place it in overlapping thematic territory with Villgro.

Broad incumbents

• Y Combinator: Y Combinator is the largest global startup accelerator; comparable on program structure (cohort-based, seed investment, demo day) but not directly competitive given geographic and target-market differences. Useful as a structural benchmark for accelerator economics and scale.
• Atal Incubation Centre (AIC) network: AIC is the network of Atal Innovation Mission-supported incubators across India providing early-stage support to startups. A former AIM Mission Director sits on IIMUIC's board; the AIC network represents the broader ecosystem in which IIMUIC operates and competes for the same NIDHI/SISFS cohorts.
• T-Hub (Telangana): T-Hub is India's largest innovation hub and a state-led incubator/accelerator offering multi-stage programs, mentorship, and investor access. It overlaps with IIMUIC in operating accelerator cohorts, government-scheme partnerships, and demo-day platforms, but operates at much larger scale.

Others

• Startup India (DPIIT): DPIIT's Startup India is the central government platform through which IIMUIC operates the Startup India Seed Fund Scheme (SISFS). It is an enabler/platform, not a peer incubator, but the structural relationship defines IIMUIC's program economics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/IncubationCenterIIMU
• LinkedInlinkedin.com/company/iimu-incubation-center
• Instagraminstagram.com/iimu_incubationcentre

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IIM Udaipur Incubation Centre