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THE SEAT OF
KNOWLEDGE
THE HEART OF
TRANSFORMATION

Skill to Enterprise Model (STEM) Program

The IIM Shillong Foundation for Incubation and Enterprise (IIMSFIE) invites you to embark on an 18-month journey designed to empower aspiring and early-stage entrepreneurs from the North Eastern Region (NER) in partnership with Small Industries Development Bank of India (SIDBI).
This unique program combines top-tier academic insights with real-world business exposure, equipping you with essential skills, practical knowledge, and invaluable networks to turn your ideas into thriving enterprises.

PROGRAM HIGHLIGHTS

Objectives :

  • To develop entrepreneurial and leadership skills
  • To foster innovation and practical problem-solving
  • To promote sustainable businesses in the North Eastern Region

Scope :

Identify and nurture business opportunities across the NER, preparing participants to launch successful ventures tailored to the region’s unique dynamics.

Expected Outcomes:

  • Market-Ready MVP: Create and test a Minimum Viable Product (MVP) that aligns with market demands
  • Sustainable Impact: Learn sustainable practices for long-term success and positive social impact
  • Successful Ventures: Build impactful businesses rooted in NER
PROGRAM STRUCTURE

Eligibility Criteria:

  • Graduate from a recognized university in India with at least 55% marks
  • Age limit: 40 years

Admission Process:

  • Selection based on Written Test, Group Discussion (GD), and Personal Interview (PI)
  • Duration of the Program: 18 Months
  • Intake: 30 Seats Only

Program Cost:

  • Fully Sponsored by SIDBI and IIMSFIE, with lodging and meals covered during a one-month immersion at IIM Shillong.
  • Admission Fee: ₹25,000 refundable deposit (refunded upon course completion and enterprise establishment)
Why Choose STEM?
  • Blended Learning: Academic rigor with hands-on experience
  • Expert Guidance: Learn from IIM Shillong faculty and industry mentors
  • Exposure Visits: On-the-ground insights from successful businesses across NER
  • IIMSFIE Certificate: Receive an IIMSFIE course completion certificate
  • Incubation Support: Access incubation resources at IIMSFIE
Training Focus Areas
  • Entrepreneurship Basics: Business ideation, NER market analysis, MVP creation
  • Financial Management: Budgeting, revenue planning, fundraising strategies
  • Marketing & Branding: Brand positioning, sales strategy, consumer behavior
  • Operational Excellence: Supply chain management, scaling operations
  • Innovation & Technology: Digital tools, product development
  • Soft Skills: Leadership, networking, negotiation skills
Immersion and Learning Stages
  • On-Campus (IIM Shillong) Immersion (First 21 Days & Final 10 Days): In-person sessions at IIM Shillong covering core entrepreneurship topics with faculty and industry experts.
  • Online Learning (100 Sessions): Interactive online classes between on-campus immersions.
Exposure Visits
  • Phase 1: Meghalaya (exploring local business ecosystems)
  • Phase 2: Assam & Arunachal Pradesh (further NER business landscape)
  • Final Visit: Advanced practical learning and industry engagement
Mentorship and Incubation
  • 10-month mentorship with IIM Shillong faculty and industry leaders, guiding participants through ideation, validation, traction, and scaling phases.
  • Networking & Funding Access: Pitch ideas to investors, network with local business leaders, and access financial resources.
Expected Outcomes and Assessment
  • By the program’s end, each participant will have developed an enterprise through skills and knowledge gained. Expected outcomes include enhanced capacity to leverage business opportunities, access to resources, and initiation of new entrepreneurial ventures in NER.
Important Date
  • Application Opens: November 1, 2024
  • Application Closes: November 15, 2024
APPLY NOW

Take the first step toward your entrepreneurial dream!

STEPS TO FILL AND SUBMIT THE ONLINE FORM BY EMAIL:
1. Click here to Download the Online Application Form in your laptop/desktop.
2. Open the PDF form using Adobe Acrobat 9.0 and above
3. Fill up the form by typing in the relevant field
4. Save it in your laptop/desktop or click on the Save As button (Please do not Print as PDF to save the
document )
5. Send this filled-up saved application form as an attachment to incubation@iimshillong.ac.in

CONTACT US

IIM Shillong Foundation for Incubation and Enterprises
Indian Institute of Management Shillong
Umsawli, East Khasi Hills, 793018
Meghalaya, India
Ph:0364-2308028
Email: incubation@iimshillong.ac.in