Institutional Best practices

1. Title of the Practice:Creating an Ecosystem to Promote Entrepreneurial Mindset and Entrepreneurship among BMU Stakeholders

2. Objectives of the Practice:To develop innovative, ethical entrepreneurs and nurture an entrepreneurial mindset for societal and economic impact.

3. The Context:BMU’s founding vision focuses on cultivating job creators rather than job seekers by instilling a problem-solving mindset aligned with the 3i approach: Inquire-Inspire-Impact. The challenge was to design a framework that integrates entrepreneurship seamlessly into the curriculum while fostering a culture of innovation and providing practical support for aspiring entrepreneurs.

4. The Practice:BMU has built an entrepreneurial ecosystem that is organic and deeply integrated with its academic structure. Minors and electives in Problem Solving, Design Thinking, and Entrepreneurship are embedded within the curriculum, encouraging students to explore entrepreneurial ventures. Programs like Sankalp and Mera Business promote grassroots innovation, while successful alumni running multi-million-dollar startups are invited to share insights and inspire students. Additionally, BMU offers incubation support, flexible policies, and partnerships with organizations like NITI Aayog to create a conducive environment for startups.

5. Evidence of Success:The ecosystem has led to over 50 startups being incubated, with several receiving substantial funding and recognition. The number of student-led ventures has tripled in the last three years.

6. Problems Encountered and Resources Required:Initial challenges included limited entrepreneurial awareness and securing industry partnerships. Resources such as seed funding, mentorship, and a dedicated incubation center were critical to success.

7. Notes (Optional):This model highlights how embedding entrepreneurial thinking into higher education can transform students into impactful innovators and job creators, serving as a replicable framework for other institutions.