About Us

India, the world’s fastest-growing major economy, is on track to achieve a US$9 trillion GDP by 2030, with states playing a crucial role in this growth. However, regional imbalances pose significant challenges. While the Western, Central, and Southern states have experienced rapid economic expansion, Eastern states such as West Bengal, Odisha, Bihar, and Jharkhand contribute around 20% of the GDP, predominantly driven by mining. Similarly, the Northeast, with industries centered around coal, tea, and forestry, accounts for only 2.7%. Despite a large and industrious population, limited industrialization and low incomes have led to substantial rural-to-urban migration, often resulting in poor living conditions.

The region’s heavy reliance on coal presents further challenges as India transitions to a low-carbon economy, adversely affecting livelihoods. To address these issues, IIM Calcutta Innovation Park (IIMCIP), IIT Madras Research Park, and IIT Madras Incubation Cell have partnered to promote entrepreneurship and innovation, enabling sustainable economic growth in the East and Northeast.The new company, IIMCIP-Technology & Innovation Council, has been established under IIMCIP for this very purpose to drive technological innovation and entrepreneurship in the region.