ABIC

ABIC

Assumption Business Incubation Centre

Assumption Business Incubation Centre was started in 2014 to create and nurture entrepreneurial talents in faculty and students of Assumption College. It provides an ecosystem for knowledge-based and skill-based start-ups. The Coordinator of the Entrepreneurship Development Club is the CEO of the Incubation Centre. Incubation is generally provided for a period of a maximum of three years. On completion of three years, the incubatees have to exit the incubator. Incubation Centre functions in the Assumption Community College.

Board of Directors

  •  Principal
  •  Vice Principals
  •  IQAC Coordinator
  •  Staff Association President
  •  A Representative from the industry

The Team

  • Dr. Rani Maria Thomas, CEO
  • Dr.Neethu Cyril
  • Ms. Lolitha N
  • Ms Anla Mary Anto

The Objective

Assumption College is an Arts and Science College with less scope for business startups. Despite this limitation, the College, through the incubation programme, tries to promote entrepreneurial acumen in students. The students who start the business units will be under the guidance of the incubator team and mentoring by a faculty member/ Department.

The specific objectives are

  • Skill development
  • Entrepreneurship promotion
  • Imparting business knowledge
  • Promotion of marketing management skills
  • Enhancing self-confidence
  • Encourage students to take up entrepreneurship as a viable career option

The Programme

Faculty members and students who are interested in starting a business unit have to apply through the Head of the Department and the same has to be forwarded by the Principal to the CEO of the Incubation Centre. The CEO after scrutinizing the application and the business proposal will submit the same to the Board of Directors for final approval. Once the business proposal is approved by the Board, the unit has to be registered under the Assumption Incubation Centre.

The Facilities and Support

The Incubatees get the following facilities and support from the Incubator.

  • Training in entrepreneurial skills
  • Training in marketing
  • Training in writing a business plan
  • Physical infrastructure
  • Seed Money

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Activities

Exhibition cum Sale
Exhibition cum Sale

Inauguration of the Exhibition cum Sale organized by Assumption Business Incubation Centre on 16-08-2022.

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Mercato
Mercato

Inauguration of 'Mercato' , the Campus Shopping Zone by Vice Principal Rev. Dr. Thomas Parathara on 16-08-2022.

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First Sale of Assumption Souvenir
First Sale of Assumption Souvenir

First Sale of Assumption Souvenir by Principal Dr. Anitha Jose at the Campus Shopping Zone, 'Mercato' on 16-08-2022.

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Idea to Startup: A Journey
Idea to Startup: A Journey

Assumption Business Incubation Centre (ABIC) in collaboration with ED Club, IIC and IEDC organised a one day workshop: ‘Idea to Startup: A Journey’ for the budding entrepreneurs of Assumption on July 26, 2022 at Powathil Hall. The session was handled by Prof Sherin Sam Jose, Head, Dept. of Mechanical Engineering (Automobile), Amal Jyothi College of Engineering & CEO, Startups Valley Amal Jyothi TBI.

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