IIM Calcutta Innovation Park (IIMCIP) offers facilities to corporate for setting up an Innovation Unit which is aimed at creating a sustainable model for churning out innovative solutions that may address some of the business challenges or create knowledge assets.

The objectives of the Innovation Unit are:

  1. To promote innovation in research and business through industry academia collaboration
  2. To provide faculty and research scholars an enabling platform to experiment with new ideas and business challenges
  3. To provide support to innovation programs for existing companies through collaborative research and development, solution design and strategy formulation
  4. To set up knowledge centers for the established organizations to support ongoing innovation

The Innovation Unit will be actively supported by IIMC faculty, students and research scholars.

IIMCIP is a technology business incubator approved by Department of Science and Technology, Government of India, located within IIM Calcutta which is a Central Government approved academic institution. Hence funds provided to IIMCIP to promote innovation and entrepreneurship is eligible as a Corporate Social Responsibility (CSR) initiatives as per Section 135, Schedule VII of Companies Act 2013.