IIMV-SIDBI sign MoU on STEM

Indian Institute of Management-Visakhapatnam (IIMV) and SIDBI have entered into an MoU as part of the SIDBI’s “Mission Swabhalamban” initiative.

The purpose of the MoU is to facilitate the implementation of the Skill to Enterprise Model (STEM) programme, which aims to educate and support ambitious skilled youth in their pursuit of entrepreneurial endeavours, ultimately enabling them to become job creators for Atmanirbhar Bharat.

As a part of MoU, IIMV will offer a customised and specialised PG certificate course, the Skill to Enterprise Model (STEM) programme in Entrepreneurship, to individuals aspiring to become entrepreneurs. By the end of the programme, the primary objective of the IIMV-SIDBI joint initiative is to have prepared aspiring entrepreneurs to establish new businesses with innovative ideas. The program will be delivered in two phases: Academic training phase, and Incubation and mentoring phase.

The first academic training phase is designed to develop a comprehensive understanding of entrepreneurship and venture creation, business management, enterprise formation, operations, finance, strategic planning and execution, taxation and compliances, product development and innovation management, and venturing funding methods and processes.

The Incubation and mentoring phase is focused on offering training and mentoring on various practical skills-idea validation and prototype formation, company registration, pitch presentation before investors.