XLRI is developing an ecosystem to promote and support entrepreneurship. At the core of this ecosystem, an incubator (XLRI Council for Entrepreneurship Excellence and Development) has been setup which will help students, alumni and faculty launch high impact new ventures.
Who is it for?
For Incubation – The venture should have an XLRI connection. At least one of the founders should be a current student at XLRI or alumni of XLRI or current faculty/staff member of XLRI. The founder or founders with XLRI connection should jointly hold at least 20% of the equity in the venture that is applying for incubation support and at least one of them should have an active management role in the venture. For mentors/investors – Any XLRI alumni can get involved in these and other supporting roles.
When will it start?
The incubator has been registered as a section 8 company. Rajeev Roy has been on-boarded to lead the incubator. It will start accepting applications for incubation in July 2019.
Where will it be located?
A physical facility of 6000 sqft. has been identified on campus. A fit-out of the facility will start soon. We will later expand the initiative to the upcoming campuses in Delhi NCR, Mumbai and also look at options to support incubation in Bengaluru and other metro cities
What are the facilities?
Mentoring from XLRI faculty and alumni Funding from XLRI alumni Infrastructure for working and living Support to access markets and networks Ancillary support – HR, IT, Legal, etc.
How can an alumni get involved?
We will be reaching out to all alumni by email during April-May to seek their interest in supporting XCEED in different roles/capacities. During the same time, we will be seeking investments in what will be India’s first alumni supported equity investment fund at a B-School.
How do I apply for incubation of my venture?
XCEED will start accepting applications on the website from July 2019.