Bengal Innovation & Business Acceleration Center, Report for 2018-19
West Bengal Industrial Development Corporation (WBIDC) has set up Bengal Innovation & Business Acceleration Centre (B-IBAC) to support early stage entrepreneurs, innovators, start-ups and businesses having the potential to grow, scale and contribute to the economy of the state of West Bengal. Federation of Indian Chambers of Commerce & Industry (FICCI) has partnered with WBIDC to implement the project. The report outlines IBAC project activities in the first year.
Efforts have been made to assist small businesses and young entrepreneurs across diverse sectors from districts of West Bengal at different stages of their life cycle that have the potential to scale up. Bengal-IBAC, with its unique model, connects businesses from West Bengal with domestic market and overseas companies for exploring new markets, conduct capacity building activities, supports the enterprises with business development strategies and market research. IBAC also provides access to strong mentoring, networking support and industry connect. The programme has brought in international institutions and experts for business acceleration training, product development and handholding support to businesses to enter the international market and expand their businesses.