Bachelor of Business Administration

Bachelors's in Computer Application

Master of Laws or Legum Magister

Master of Business Administration

Innovation

MIT-TBI

CBIE-Startup Accelerator

Innovation Hub

Overview

The Centre for Business Innovation and Entrepreneurship (CBIE) is a dynamic and progressive organisation dedicated to fostering a culture of innovation and entrepreneurship in the business world. Primary purpose of CBIE is to provide a collaborative platform that empowers aspiring entrepreneurs and established businesses to explore, develop, and implement innovative ideas and solutions. By offering a range of comprehensive resources, mentorship programs, and networking opportunities, CBIE aims to inspire and support individuals in turning their innovative concepts into successful ventures by also helping them with Seed Grants and Connecting them to the right investors. Moreover, the centre serves as a knowledge hub, conducting research and disseminating valuable insights on emerging market trends, disruptive technologies, and best practices in entrepreneurship. Ultimately, the CBIE endeavours to create a vibrant ecosystem that encourages creativity, nurtures talent, and propels economic growth by fostering a thriving community of forward-thinking entrepreneurs and visionary business leaders.

MISSION

Transforming Businesses through the Power of People, Technology and Innovation

VISION

Enabling startups to improve their business strategy, organisation and to be successful and raise capital for expansion & growth

PRIMARY GOAL

CBIE's primary goal is to blend theory and practice to create a hyper-active learning community of innovation practitioners, entrepreneurs, funders, policy-makers, and technologists. We intend to create a sustainable ecosystem of true value creation in innovation through research, outreach, and education activities.

Our Investment Approach

CBIE takes a proactive and impactful investment approach towards startups, with a strong focus on nurturing early-stage entrepreneurs and helping them transform their innovative ideas into tangible realities. One of the key pillars of CBIE investment strategy is the provision of seed grants, enabling aspiring entrepreneurs to take the crucial first steps towards building their ventures. These seed grants offer essential financial support, facilitating product development, market research, and initial operations. In addition to the financial assistance, CBIE acts as a facilitator, connecting these startups with a diverse network of investors and venture capitalists. By leveraging its extensive relationships within the investment community, CBIE creates valuable opportunities for startups to pitch their concepts and secure additional funding to scale their businesses. Through this comprehensive support system, CBIE strives to empower early-stage entrepreneurs with the resources, guidance, and capital they need to turn their dreams into successful and sustainable businesses, driving innovation and economic growth in the process.

Evaluation Parameters

01

Introduce yourself and give us your background and credentials

02

Where did you work and what were your achievements?

03

What are the different roles you have led till now?

04

Why did you start your venture? What was your calling?

05

What’s the USP of your venture? What’s your differentiator?

06

How’s your solution different from the current existing solution available in the market?

07

What is your target market? (TAM)

08

What is your Addressable market?

09

What is the stage of your start-up?

10

Give us insights on some key metrics like GMV, Partners, Revenue, cities, POC, MVP, Revenue model etc?

11

What’s your secret sauce in your start-up? What’s the X factor?

12

What’s your Growth Hack which you have cracked to solve the problem?

13

What’s the role of Tech in your growth story?

14

Could you give us a comparative study and analysis of existing players on how they are mapped in the current market

15

What’s your competitive edge?

16

What’s your Agility Quotient?

17

Throw light on your numbers – road to profitability – revenue figures over the next 3 years

18

What’s your fund requirements and how do you intend to use them?

19

What’s your runway till your next funding round?

20

What according to you are the missing blocks or hindrance for your growth trajectory.

Prerequisites for start-up funding - Launchpad

Launchpad Startups is a Platform which is created to connect potential startups to Investors, HNIs, Venture Capitalist :

Key factors we look for in the startup ?

Founding
Team

Market Size
Opportunity

Business Model
Strength

Strategic Differentiator /
Advantage, Moat

Problem you are
trying to solve

RoadMap to Getting Funded :

After the initial screening of the details and the pitch details you will be invited for the pitching to the evaluators

A Due diligence would be done followed by a NDA/MOU

Discussions on the Investments and other formalities

Investment Committee Approval

Term Sheet & Funding

Shareholder and Share subscription agreements

Pitching before the Set of Investors, VCs & HNI who would be interested in your venture

Scale up your venture

Apply Now

Services Offered

Fund Raising - 3 to 4 rounds or Series A whichever is agreed upon. Putting them to the right investors to pitch.
Guidance on Pitch Deck, Financials, Go To Market Strategy, and any other concerns which need to be corrected.
Operational Review calls - Fortnightly/ Monthly Calls to solve operational challenges.
Be part of the Advisory Board/ Board of Directors.
Helping in identifying the right market, potential hires, and specific challenges which are critical for the success.
Reviewing documents or taking opinions on contracts or fundraising documents wherein no external payments or personnel are involved.
Referrals & Market connects on % of revenue/margin share (Mutually agreed as per case to case with corresponding equity stake as well)

An Initial fund of 20 lacs as a grant from MIT WPU Startup Incubation - section 8 company.
Other services - Debt Financing, Real estate assistance, Mystery audits, internal audits, Stat audits, Setting up of SOP/Controls, Facilitating Due Diligence/Valuations, Mentoring, Help in Search of Cofounders, Company incorporation.
9% sweat equity from the startup upfront which will cover (Seedfund + Fund Raise + Go-to-Market Strategy)
Investment Banking fee of 5% for the fundraise
Retainership for any service like accounting, HR, marketing, Debt Financing, Real estate assistance, Mystery audits, internal audits, Stat audits, Setting up of SOP/Controls, Facilitating Due Diligence/Valuations, Mentoring, Help in Search of Cofounders, Company incorporation. (Mutually agreed as per the scope of work with corresponding equity stake as well)

Partners (MOUs Signed)

Mr. Anil Goyal - Founder CapSavvy.
Cap70 Angels

Capsavvy Consultants Pvt Ltd, Mumbai

CapSavvy is a dynamic startup specialising in financial technology solutions. They leverage cutting-edge technology to provide their clients with smart and user-friendly financial management tools. Cap70 Angels, on the other hand, is an angel investor group associated with CapSavvy, aiming to support and invest in promising startups and entrepreneurial ventures, particularly in the fintech sector. Together, they foster innovation and growth within the startup ecosystem.

Mr. Aliasgar Patrawala - Director

Aeromarine Private Limited, Mumbai

Since the 1970s, Aeromarine Pvt. Ltd. has been the marine equipment supplier and marine aids to navigation provider of choice for the Indian maritime sector.

Varsha Shah - Director

Svacore, Mumbai

Svacore Leadership Coaching and Career Consulting - At SVACORE mission is to make a difference, using knowledge, expertise, and experience in providing clients with Executive and Business coaching, Career coaching, and training and facilitation services.

Dr. Anuradha Choughule
(Co-founder & Chief Scientist) & Datta Nadkarni (Co-founder & CEO)

GenomIntellect® Pvt. Ltd.

Genomintellect provides Solutions in -

Precision Medicine: Precision medicine is an approach to healthcare that takes into account individual variations in genes, environment, and lifestyle when developing personalised treatment plans for patients. This approach is based on the understanding that not all patients with the same disease will respond the same way to a particular treatment. By analysing a patient genetic makeup, lifestyle, and medical history, precision medicine aims to identify the best possible treatment options for each individual.
Next-Generation Sequencing (NGS): NGS is a new technology that allows for the rapid and cost-effective sequencing of large amounts of genetic material.

Collaborations

JITO

Jain International Trade Organisation(JITO) is a worldwide organisation of businessmen, industrialists, knowledge workers and professionals reflecting the glory of ethical business practices. It is a global organisation set to achieve socio-economic empowerment, value based education, community welfare, practice of compassion, spread of global friendship and spiritual upliftment of fellow beings. Their objective is also to Create Platform for young entrepreneurs for right Business contacts. To provide a platform for young entrepreneurs to interact and gain purposeful knowledge from the experienced and well established business leaders.

Maharashtra State Innovation Society

It is a nodal government agency to boost innovation-driven entrepreneurial ecosystem in the state of Maharashtra. Established under the Department of Skill Development and Entrepreneurship, Government of Maharashtra, the society aims to foster innovative approaches and create a conducive environment for innovative businesses to operate in Maharashtra.

CII Young Indians

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering with Industry, Government, and civil society, through advisory and consultative processes. CII is a non-government, not-for-profit, industry-led and industry-managed organisation, with around 9000 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 300,000 enterprises from 286 national and regional sectoral industry bodies.

Early Seed Ventures

At Earlyseed Ventures, we collaborate with business founders and private equity investors to build strategic partnerships. With founders, we build expertise through research and in-depth analysis of their business to become their well-wishing consultants. We go to the core of every business before presenting it to our Private Equity investor network, to find investors who truly connect with the story/purpose of the company. To understand our investors' mindsets, we spend one-on-one time with each of them to identify their goal, appetite and individual investment philosophy. We then bring to the table investment opportunities that we know will fully benefit everyone in the process.

CapSavvy

GAME

The Global Alliance for Mass Entrepreneurship (GAME) is a nonprofit organisation committed to driving entrepreneurship and job creation to alleviate poverty and foster economic growth. GAME mission is to empower aspiring entrepreneurs and micro-business owners, especially those in low-income communities, by providing them with the necessary support, resources, and skills to succeed. The organisation collaborates with governments, businesses, and various stakeholders to create an enabling ecosystem that promotes mass entrepreneurship and contributes to sustainable development.

We Naturalist

WeNaturalists contribute to nature and to a nature-positive economy, by bringing the whole world of nature together, on a global stage. It empowers the people closest to nature - Nature Professionals and Organizations working in climate action. It is a global ecosystem that empowers communities to collaborate with each other to bring global environmental solutions in one place. - For individual professionals, it is a marketplace for opportunities in nature. - For youth and children, it is about education, learning, and awareness creation. - For organisations, it provides solutions - project management, resource allocation, and timeline management, driving measurable change, and most importantly efficient communication within their community.

and LEGAL

It is a law firm and they hit the ground running to uphold the things. From incorporation to exit, simple confidentiality agreements to complex transactional agreements, and endless applications to high-stake proceedings; they give their all at every step along the way. They understand the letter of the law, exactly what to do and how to get it done.

Directors

RAHUL KARAD

Hon. Rahul Vishwanath Karad is an enterprising educationist at the forefront of MAEER’S MIT Group of Institutions,Pune which consists of 72 institutes and 55000 student strength. He is the Executive President of MIT-WPU. A graduate in engineering, a postgraduate in management from Cardiff U.K, and an alumnus of the Harvard Business School, USA, Mr. Rahul is committed to channelizing the power of youth to augment India, by ensuring their true potential is to be realised by providing them with a holistic and value-based education.

ADITI KARAD

As the Executive Director of MAEER MIT VishwaRaj Superspeciality Hospital, Mrs. Aditi passionately took up the cause of providing excellent and affordable healthcare to all at Pune Loni Kalbhor. VishwaRaj Superspeciality Hospital is a movement that arose out of her passion for providing quality and affordable healthcare in every part of the country. She has been instrumental and actively involved right from the construction and inception of the hospital to where it stands at its pinnacle today.

Team

The Centre for Business Innovation and Entrepreneurship is supported by a dedicated and experienced team of innovation and managerial staff who contribute to the various innovation projects and outreach initiatives. The team consists of individuals from diverse academic and professional background, working in tandem.

Dr. Sanjay Kamtekar

Chief Academic Officer

Dr. Janakiram (Ram)

Chief Operating Officer

Prashant Iyer

Assistant Director - Start-Up Accelerator

Soniya Nagdeo

Manager, Research & Innovation

Advisory Committee

Anil Goyal

Founder & Managing Director CapSavvy Consultants Pvt. Ltd

Namrata Thakker

FounderFounder Entrepreneur Excel

Rohini Nair

Co-Founding members & Partner

Varsha Shah

Director
Svacore

Bharat Oswal

Chief Mithai Officer TheDexCompany

Funded Startups

Bharat Go-Megapod Techworks Pvt Ltd

SAAS Retail

BharatGo, a tech-enabled social innovation startup dedicated to empowering artisans, women self-help groups, and small businesses in tier 2/3 cities across India. The mission is to bridge the digital divide and create a more equitable society by providing an easy-to-use online store creation platform.

Pravin Adik - Founder & CEO

Lway - Lway Technologies Pvt Ltd

eMobility

Lway is trying to improve the existing problems in the current cab Industry and creating a unique platform that will not only be helpful for metropolitan cities but also improve the mobility experience in Tier 2 and Tier 3 Cities. It is a one-stop solution for all daily travel needs of customers. It provides corporate, rental, outstation, daily cabs, taxis, autos, bikes, and sharing travel options at quicker, safer, and affordable rates. Users can book the rides through LWAY Android/iOS apps.

Dr. Lalit Gangurde - Founder & CEO

Citoto

Classified Mesh Network used for 'Offline Connectivity'. Being one of the kind in the world it is tapping an unknown market with endless possibilities. It works on Free Space Optics, Terrestrial Connectivity and Ground Space Connectivity using Lasers.

James Solomon - Founder

Nearji – Potens IT Services and Consultancy Pvt Ltd

Marketplace and eCommerce

Nearji provides freedom to sell to Local retailers, Hustlers, and Civic corporators. Connects the non-digital Indian retail ecosystem to the consumers.

Ninad Sumant - Co-Founder

GenomIntellect® Pvt. Ltd

Genomintellect provides Solutions in - Precision Medicine Precision medicine is an approach to healthcare that takes into account individual variations in genes, environment, and lifestyle when developing personalised treatment plans for patients. This approach is based on the understanding that not all patients with the same disease will respond the same way to a particular treatment. By analysing a patient's genetic makeup, lifestyle, and medical history, precision medicine aims to identify the best possible treatment options for each individual. Next-Generation Sequencing (NGS) NGS is a new technology that allows for the rapid and cost-effective sequencing of large amounts of genetic material.

cbie Startup accelerator