Empowering Entrepreneurs: IIM Visakhapatnam and SIDBI Collaborate on STEM Initiative

Honey Gupta
1 Min Read
IIM Visakhapatnam and SIDBI Collaborate

IIM Visakhapatnam and the Small Industries Development Bank of India (SIDBI) have joined forces to advance entrepreneurship in India through a significant collaboration. This collaboration, formalized through a Memorandum of Understanding (MoU) under SIDBI’s “Mission Swabhalamban” initiative, aims to implement the Skill to Enterprise Model (STEM) program. The objective is to empower skilled youth on their path to becoming job creators for Atmanirbhar Bharat (self-reliant India).

The central aim of this partnership is to provide aspiring entrepreneurs with the essential skills and knowledge required to establish innovative businesses. The STEM program is structured into two crucial phases: an Academic Training Phase and an Incubation and mentoring Phase.

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Led by Sushil Kumar in the entrepreneurship area at IIM Visakhapatnam, this joint initiative is poised to unleash a wave of innovative and ambitious entrepreneurs, thereby enhancing India’s entrepreneurial landscape.

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