“A need for incubation center on campus was felt as students who were actively involved in E-Cell activities and started their own ventures needed mentoring support. This required to tie up with mentors from industry and also in-house faculty involvement from specialized areas. Informally incubation center was started from 2016 and was registered as a section 8 company in 2018-19 in name of IMI Incubation Foundation.

The foundation promotes entrepreneurship / startups in the areas of Business Analytics, Enterprise Systems, and Renewable Energy. It is supported by team of industry mentors and faculty and has a dedicate space. It is only one in Odisha with business management focus and provides mentoring support to startups who have proof of concept to scale up. The center also provides virtual mentoring to startups located outside Odisha. It carries various activities during the year such as idea hunt, investors’ summit, short term programmes on entrepreneurship development, skill development programmes. It also participates in events organized by state and central government / agencies and other incubation centers”.