IIMA Ventures (formerly CIIE.CO and Centre for Innovation Incubation and Entrepreneurship) is the incubation, acceleration, and investment platform at the Indian Institute of Management Ahmedabad (IIMA). Established in 2002 with support from the Department of Science and Technology and the Government of Gujarat, IIMA Ventures has grown into one of India's most prolific startup support organizations. Based in Ahmedabad, Gujarat, it operates across the full innovation continuum from ideation to growth-stage investment.
IIMA Ventures has invested in over 400 startups at pre-seed and seed stages, accelerated over 1,000 startups, mentored and coached over 5,000 ventures, and its portfolio companies have collectively raised over $3 billion in follow-on capital. As of early 2026, the platform has invested in 364 companies.
## Role in the Startup Ecosystem
IIMA Ventures is among the most established academic incubators in India, and its track record of backing companies that became unicorns and went public gives it credibility that few institutional incubators can match. It bridges the gap between academic innovation and market-ready ventures, leveraging IIM Ahmedabad's management expertise, research capabilities, and alumni network. The platform also serves as a partner for government programs, including the iDEX defence innovation initiative.
## Programs and Initiatives
IIMA Ventures runs multiple programs including pre-seed and seed investment through dedicated AIF funds, acceleration programs for early-stage startups, sector-specific programs in deeptech, climate tech, and digitization, and the iDEX program for defence innovation in partnership with DIO. The platform recently launched a Rs. 40 crore fund to back 30 deep-tech startups. It also runs mentorship cohorts, founder bootcamps, and hosts events connecting startups with investors and corporates. The Ahmedabad campus and satellite offices provide co-working and incubation infrastructure.
## Notable Alumni
IIMA Ventures' portfolio includes Razorpay (unicorn fintech platform), Ola (mobility unicorn), Agnikul (space launch startup), Fourth Partner Energy (renewable energy), CreditVidya (credit assessment, acquired), GUVI (vernacular education), and Biosense (medical diagnostics). The portfolio has seen 1 unicorn, 2 IPOs, and 19 acquisitions.
## Who Benefits
Early-stage founders across deeptech, climate tech, fintech, agritech, healthtech, and other sectors. Founders benefit from IIM Ahmedabad's academic resources, management expertise, and extensive alumni network. The platform is particularly strong for founders who need business strategy support alongside technical development.
## Strategic Impact
IIMA Ventures has demonstrated that academic institutions can produce world-class startup outcomes. Its portfolio proves that tier-1 startups can emerge from outside the Bangalore-Mumbai-Delhi corridor, strengthening Ahmedabad's position as an innovation hub. The platform's evolution from a university incubator to a full-stack investment and acceleration platform provides a model for other academic institutions in India.
IIMA Ventures currently has 7 programs listed in this directory, including Bharat Inclusion Initiative by IIMA Ventures, Women's Economic Empowerment, AI Summer Residency by IIMA Ventures. Each program page covers the funding amount, eligibility and application process.
IIMA Ventures is listed as a vc / investor. It is not a government body, and its programs follow the organisation's own selection process.
Start with the stages and sectors shown on this profile, then open the program pages for eligibility conditions and document checklists. If you want a structured view, send an enquiry below and an IncorpX advisor will walk you through fit and readiness.
No. Applications are always submitted in your own name with the respective program authority. IncorpX is independent of IIMA Ventures and provides assistance for application preparation, document organisation and prerequisite registrations such as incorporation, DPIIT recognition, MSME and GST.
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IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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