IIM Kozhikode Launches Business Incubator ‘LIVE’

Indian Institute of Management, Kozhikode or IIM Kozhikode has successfully launched 'LIVE'. It stands for Laboratory for Innovation, Venturing and Entrepreneurship (LIVE). It is an entrepreneurship development centre and business incubator.

IIM-Kozhikode submitted the proposal for setting up ‘LIVE’ in the year 2016 to Department of Science and Technology (DST). The institute received a grant of Rs. 3 crore from DST.

With an objective to ensure the long-term sustainability of ‘LIVE’, IIM-Kozhikode provided enough space and facilities on the campus. The institute is also developing a series of products and programmes for the same. Interestingly, LIVE has offered admission to 12 startups through its first job creation programme.

Also read: - Final Placements Report of IIM Kozhikode

‘LIVE’ would get more benefit from the students, alumni, faculty members, institutional networks and international linkages. Through these networks, IIM-Kozhikode can contribute towards the development of various programmes and activities of the institute and ‘LIVE’.

Out of 12 startups that got admission to ‘LIVE’, the alumni of IIM-Kozhikode were founders of five. The first round of ‘LIVE’ concluded recently and gained a good response. Digital technology based startups are more among these 12 startups.

Also read: - Startup Saturday Organised by IIM Kozhikode

Executive Director of LIVE, Dr. Keyoor Purani revealed that LIVE gives importance to the startups of its students or alumni as well as to others who have an idea with a commercial perspective. He further added that the response that is being received for ‘LIVE’ is satisfactory.

This kind of initiative will bring new ideas and innovations. These startups also have a high commercial potential and contribute towards the development of Indian economy.