IVenture ISB: The Indian School of Business (ISB) has long been a beacon for aspiring business leaders and entrepreneurs. Among its innovative initiatives, the I-Venture Immersive (ivi) program stands out as a transformative journey for those looking to make their mark in the entrepreneurial world.
Must Read: How ISB’s PGP Program Shapes Future Leaders
What is I-Venture Immersive (ivi)?
I-Venture Immersive (ivi) is a six-month, full-time, on-campus entrepreneurship program based at ISB’s Hyderabad campus. Designed for aspiring entrepreneurs and early-stage founders, ivi offers an experiential and intensive learning experience aimed at transforming visionary ideas into successful ventures.
Program Structure
The ivi program is structured into two distinct phases:
- Phase 1 (6 months): This phase focuses on hands-on immersive learning combined with team-building exercises. Participants engage in practical experiences that mirror real-world entrepreneurial challenges, fostering skills essential for startup success.
- Phase 2: Upon completing the first phase, selected ventures receive funding of up to ₹40 lakhs, along with continued venture-building support to scale their businesses effectively.
Who Should Apply?
The program is tailored for:
- Aspiring Entrepreneurs: Individuals fueled by a vision and gearing up to launch their own ventures.
- Early-Stage Founders: Those who have initiated their startups but face challenges hindering growth.
The ivi program welcomes individuals from diverse backgrounds, including recent graduates, tech professionals, and women entrepreneurs, fostering an inclusive environment for innovation.
Program Highlights
- Experiential Learning: Participants immerse themselves in real-world entrepreneurial scenarios, gaining practical insights and skills.
- Mentorship: Access to ISB’s extensive network of mentors, including successful entrepreneurs, industry experts, and academicians.
- Funding Opportunities: Potential to secure funding up to ₹40 lakhs for selected ventures post the initial six-month phase.
- On-Campus Experience: Full-time residency at ISB’s Hyderabad campus, providing an environment conducive to innovation and collaboration.
Admissions and Fees
Admissions for the ivi program are set to open in May 2024. The program fee is ₹8 lakhs, which includes on-campus accommodation. Scholarships are available to support deserving candidates.
Why Choose I-Venture Immersive?
India’s entrepreneurial landscape is burgeoning, with a surge of startups contributing significantly to the economy. However, the journey from ideation to a successful venture is fraught with challenges. The ivi program addresses these challenges by providing:
- Structured Guidance: A well-defined roadmap to navigate the complexities of starting and scaling a business.
- Resource Access: Availability of necessary resources, including funding, mentorship, and industry connections.
- Community Support: A vibrant ecosystem of like-minded individuals, fostering collaboration and shared learning.
Success Stories
ISB’s commitment to fostering entrepreneurship is evident in its track record:
- 700+ Alumni Entrepreneurs: A vast network of successful entrepreneurs who have graduated from ISB.
- 11 Unicorns: Startups that have achieved unicorn status, reflecting the quality of ventures nurtured.
- 400+ Startups Supported: Through I-Venture @ ISB, numerous startups have received the support needed to thrive.
Also Read: ISB vs IIM: A Comprehensive Comparison
Conclusion
The I-Venture Immersive program at ISB offers a unique opportunity for aspiring entrepreneurs to transform their ideas into impactful ventures. With its comprehensive structure, access to resources, and supportive community, ivi stands as a catalyst for entrepreneurial success in India’s dynamic startup ecosystem.
For more information and to apply, visit the official I-Venture Immersive page.