IILM Centre for Entrepreneurship Development & Innovation (ICEDI) encourages the exchange of innovative ideas that will shape the future of entrepreneurship. The mission of creating entrepreneurs is achieved through the vibrant culture of participation in structured courses, webinars, seminars, discussions, and via a series of entrepreneur’s talks, business simulation games and mentoring.
IILM accelerates new ventures by providing emerging entrepreneurs access to opportunities, community, and critical resources. The ecosystem at ICEDI facilitates ventures from the first stage of ideation to gap analysis, validation, prototype development, testing onto the final stages of commercialization. The art of making a business plan, pitching business ideas, building networks, and scaling up are learned at ICEDI under the incubation centre.
The following are key initiatives taken by this centre –
Incubation: In order to provide a platform to new ideas and innovative minds, IILM provides an incubation centre to students. The premises provides office space required by students in the initial phases of ideation. We also have interactions with investors and venture capitalists for feedback and possible finance
Funding: IILM has also provided funding for student projects. One such project is focused on agricultural sustainability catering the meagre rainfall issues at the agricultural fields. The project proposed an umbrella-based design for aiding cloud-seeding using a self-landing hybrid rocket. This shall prove to combat the problems in rain-drought areas and flourish the agricultural produce in an effective way.
Networking and Collaboration Opportunities with Entrepreneurs: Through the IILM network, students have access to mentorship from serial entrepreneurs like Mr. Naveen Jain. Mr. Naveen is on the board at the Singularity University in the Silicon Valley, which is focused on educating and inspiring leaders to address humanity’s grand challenges through innovative technologies.
Annual Entrepreneurship Conference: Conferences/ workshops and seminars are regularly organised to bring together entrepreneurs and business leaders from various industries, both established and start-ups, to enlighten students about their entrepreneurial journey and various challenges faced by them and how they overcame them to survive in the current environment.
Personalised Mentoring: Specialised and customized mentorship is provided by accomplished educators and experienced practitioners that build strong mentoring relationships with students and guide prospective entrepreneurs on various aspects. This also helps to reinforce concepts, processes, and skills associated with identifying new ideas, opportunities and methods for starting a new venture.
Entrepreneurship Club: IILM established IILM Institution’s Innovation Council in the year 2018. The composition of council is based on the guidelines provided by MHRD’s Innovation Cell. Students and faculty members participate in many activities organized by the IIC and MHRD’s Innovation Cell. ILM IIC commits to engrave leadership and management skills in their students through a host of initiatives like personalized mentoring, interaction with domain experts, live company projects, workshops, events and conferences, thought evoking activities/games, networking, sessions with start-up founders, and simulations to initiate and develop the entrepreneurial spirit among students.
This club is run by motivated and enterprising students who organise events and conferences on campus and represent IILM at similar platforms. In the process students learn event management, networking and public speaking skills as well as get ideas and a platform to start or scale up their own ventures. Guest lecture series are regularly organised by the E Cell by the industry leaders to provide insights and learning on different aspects of entrepreneurships and start-ups. These lecture series aim to motivate budding and future entrepreneurs to discuss and deliberate upon the new skills sets and competencies required by new-age entrepreneurs and take the entrepreneurial journey forward to realize their dreams. Innovation weeks are also organised during the year to encourage students’ creativity and entrepreneurial spirit and strengthen the innovative side of students. The E cell provides a lot of exposure in terms of providing experiential training through live projects with industries/companies and field visits.
I am grateful to IILM Gurugram for the wonderful experience & exposure I got while I was doing my PGDM here. Not only the subject expertise I’ve got, but an overall well-structured education where I received life changing lessons as well as guidance from all the faculty members, one of them is to change the changeable, accept the unchangeable, and move out from unacceptable.
A Special thanks to Sujata Shahi ma’am for her mentorship which made my journey a special one in IILM Gurugram.”
– Senior Manager Supply Chain (Global Omni channel Logistics) at Amway India
BBA classes in the day and theatre classes in the evening, my journey at IILM gave me the freedom to pursue my passion and effectively strike a balance between the two important aspects of my life with ease.
Theater has always been an integral part of my life. Having been associated with Shri Ram Centre of Performing Arts (SRCPA) since the last five years, I continued my passion for acting even after enrolling for my BBA program at IILM University.
During this duration of study, I not only learned from academicians and industry professionals at IILM University, but was also able to perform over 10+ professional theatre shows in Delhi and got associated with renowned leaders like Shah Rukh Khan, Imtiaz Ali and Alia Bhatt from the industry. Recently, I also completed my internship in the film “Night Before that Day” with acclaimed director Mr. Rajesh Chopra.
Today I have accomplished both academically and professionally because of the encouragement and support received from my teachers at IILM University. This not only gave me the confidence to continue my ambitions for theatre but also helped me succeed in both spheres. Truly grateful to be a part of IILM University!
I’ve always been a worrier, anything that I was supposed to do, would stress me so much, even once it was done I would run the thing over in my head. Keep on wondering, if I could have done anything differently or better.
When I started my journey at IILM, I remember doing exactly the same. submissions/tests or organizing events, would get me worked up & so was never able to enjoy the process in its glory .This could definitely have impacted what should be the most memorable 3 years of my life. During my first year, I was given so many opportunities at IILM, becoming a #Student #Ambassador for the college, going for a #summer #school program to the prestigious #London School of #Economics, being part of events I will forever remember and also getting the chance to learn from such valued faculty members. I didn’t want these times to get blown away because of me worrying. My credit goes to the IILM family who taught me that it isn’t ever about the outcome but the journey towards achieving it.
Even during these testing times, online teaching and learning was so structured and organized thanks to the IILM faculty. I again have IILM to thank for the numerous #internship opportunities given even during these trying times. My two months internship from home trained and taught me well. Ironically, being so close in proximity to IILM, in all probability will have to bid my farewell to it virtually which will be my only bone of contention thus far!
IILM has helped me tremendously in developing these critical skills by pushing me into real-time challenging tasks & leadership roles & in addition provided me the right spotlight and platform to shine & showcase my leadership & communication skills. I was also offered ample opportunities to test out my skills from first year itself, one of them in particular was being selected as “Student ambassador”, which was by far the most important & responsible leadership role I got to experience, helped me to hone my skills a lot & assisted me in driving my passion during my 2 month internship with KPMG India. Even during these arduous times, the faculty ensured to provide consistent personal attention to my visions & goals.
From participating in numerous fests to submitting assignments & meeting friends that I’ll be cherishing for life, this journey has been no less than a roller coaster. I thank IILM for providing me with countless opportunities & for these precious memories that I got experience in these past three years.
My time at IILM has been nothing short of life-changing. When I first walked in, I didn’t know just how much I would learn about myself along with psychology. From engaging in research, internships, and unexpected opportunities, every step has shaped me in ways I couldn’t have imagined. What makes IILM special for me is not just the academic growth but the constant encouragement from faculty and the friendships that turned into family. It’s been a journey of discovering my strengths, building confidence, and creating memories that will stay with me forever.
The skills and knowledge I gained at IILM have been instrumental in shaping my career. The faculty don’t just teach – they mentor, push you to think critically, and stand by you long after you’ve left campus. The peer community here is equally remarkable. It’s the kind of environment that doesn’t just prepare you for a job, it prepares you for a career.
