Chandragupt Institute of Management Patna — Business Incubation & Innovation Foundation (CIMP-BIIF) is a Section-8 non-profit company dedicated to nurturing high-growth, technology-driven ventures.
The Startup Incubation Centre (SIC) was established in 2017 with the active support of the Department of Industries, Government of Bihar under Chandragupt Institute of Management Patna (CIMP). The centre is officially empaneled under the Startup Bihar Policy 2017 & 2022-2027 and listed under Startup India.
In line with the national guidelines of Startup India and Atal Innovation Mission (AIM), CIMP established a dedicated, fully-owned Section 8 company named CIMP Business Incubation and Innovation Foundation (CIMP-BIIF), incorporated on 27th December 2021.
"To facilitate a world-class platform for empowering, nurturing, and scaling up sustainable business ventures with state-of-the-art mentorship, infrastructure, and investment linkages in Bihar."
"To build a strong, innovation-led startup ecosystem in Bihar that maximizes value creation for budding grassroots entrepreneurs, mentors, investors, and society as a whole."