The objective of the Innovation & Entrepreneurship policy is to create an ecosystem that would empower and enable our students, alumni and other underprivileged youth of the society to support their entrepreneurial journey.

Our Vision
To develop responsible global business leaders sensitive to community and environmental needs.

Our Mission

• To create a sustainable learning ecosystem for students, teaching and research fraternity and recruiters.
• To nurture business leaders contributing to an inclusive and diverse society.
• To inculcate an entrepreneurial mindset and foster innovation.

Attributes
GLBIMR look forward towards developing a globally acclaimed research oriented business management school wherein management graduates will be able to inculcate the following graduate attributes:

• Knowledgeable: Integrate functional knowledge, research aptitude, critical thinking, creativity and strategic management skills for decision making in local and global contexts.
• Effective communicator: Exhibit effective communication skills both verbal and written in order to articulate ideas in varieties of contexts, styles and mediums.
• Collaborative leaders: Inculcate leadership and team building skills towards achievement of personal and organizational goals in a collaborative manner.
• Ethically and socially responsible: Engage in ethical and professional practices in decision making with integrity that positively impacts the community and society.
• Entrepreneurial Orientation: Foster innovation and entrepreneurial skills to optimally utilize resources for the benefit of nation at large.

AIM
The aim of the policy is to increase the:

• Number of students participating in the entrepreneurship program (the E-Cell).
• Number of students developing business plans.
• Students taking internships/ placement with start-ups.
• Entrepreneurial events and activities held.
• Participation in inter institute competitions related with innovation & Entrepreneurship.
• Funds received for promotion of entrepreneurship
• Research projects in entrepreneurship.
• Entrepreneurial mentoring by faculty.

The Innovation & Entrepreneurship Policy Framework focuses aimed at not only promoting the emergence of new student and alumni entrepreneurs and facilitating new business start-ups, but also facilitating in providing mentoring for diversification/expansion of business and providing support for diagnostic and other surveys to balance their internal and external dynamics of the organisations. The policy will also allow to serve the society by in large; the underprivileged youth; including prison inmates & others for developing their entrepreneurial skills.

Centre of Development for Entrepreneurship & Innovation (CODE-I)
It aims to support measures and the relevant academic centers to promote entrepreneurship. It is the implementing arm of the Entrepreneurship Policy of the Institute. The centre will plan & execute the events related with entrepreneurship and innovation not only for students and alumni but also for underprivileged youth of society.

Mapping with the Vision & Mission
The framework pays attention to how the entrepreneurship policy interacts with a broader climate. The ultimate focus, internally, is to develop students’ entrepreneurial skills to become entrepreneurs either while pursuing their education or after completing it. Additionally, to also facilitate the underprivileged youth of our society to pursue their dreams to become entrepreneur.

These can be met by providing venues for students to:

1. Initiate student entrepreneurial activities.
2. Facilitating students to work with startups and small and medium- sized businesses/organizations during their internship/summer internship programme.
3. Providing opportunities for students to generate business/venture ideas through various events;like idea generation competition, selling their products/services through organizing “Melas/Haats”.
4. Offering opportunity for students to acquire the knowledge to start a venture.
5. Providing students access to entrepreneurial courses; like MOOC/Value Added Courses.

Deferred Placement Policy (DPP)
The Deferred Placement Policy (DPP) aims at promoting entrepreneurship among its students by enabling students to start up their own venture with minimum risks. If the enterprise does not succeed in a stipulated period, they could come back and join the campus placement process.
The deferred placement is a fallback option, which will be taken care by a committee comprising the Director, Head Corporate Resource Centre, Chairperson- PGDM, Chairperson/Coordinator- CODE-I and the Class Coordinator. This policy aims to encourage students who’re looking to work on their own start-up idea by safeguarding them against the risk of having to forgo campus placements.

Alumni
One of the stakeholders for whom this policy has a strategic view are the alumni. For mainstreaming them, a charter for Alumni Entrepreneurs is to be created. This will facilitate them to:

1. Expand/diversify their business.
2. Support in marketing their product/services.
3. Train their employees.
4. Make them aware about the various schemes of Central & State Governments related with innovation & entrepreneurship.

Alumni will also be part of the mentoring team to guide the current students.

Validity, Applicability and Exclusions
This policy document is valid with immediate effect and normally up to two years , i.e. ending September 30, 2025, at which time it will be reviewed.