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IDFC First Bank has partnered with the IIM Calcutta Innovation Park (IIMCIP) to launch a pan-India programme aimed at nurturing enterprises working on sustainable business solutions, officials said on Monday. The 'IGNITE' programme will provide total financial and operational support of Rs 2 crore, including a direct startup grant corpus of Rs 1.36 crore, they said. It aims to help early-stage ventures strengthen their business models, expand market reach, and deliver measurable environmental and social outcomes, according to an official statement. Under the programme, 16 startups from across the country will be selected through a competitive evaluation process, it said. The focus areas include green manufacturing, waste recycling and upcycling, cleantech, renewable energy, water management, environmental technologies, and the sustainable use of indigenous resources. The selected startups will undergo a structured incubation journey comprising business diagnostics, expert mentorin
IIM-Calcutta has unveiled an initiative, allowing its MBA students to pursue entrepreneurial ventures without permanently foregoing campus placements, said a statement from the institute on Saturday. The initiative was announced by IIM-Calcutta Director Alok Kumar Rai at a ceremony on Friday to induct 480 students into its 63rd MBA batch. He said that students who choose to spend a year building start-ups instead of participating in campus placements will be eligible to return to the institute's placement process the following year if they desire so. The new batch comprises 67 per cent men and 33 per cent female students, with 41 per cent freshers and 59 per cent having prior work experience, the statement said. Students from engineering backgrounds account for 54.7 per cent of the batch, followed by commerce (11.5 per cent), science (10.27 per cent) and arts (10 per cent), while the remaining students are from other disciplines. The Freshers' Welcome ceremony was attended by Gane