IdeaGist Signs Memorandum of Understanding with Birla Institute of Management Technology

MINNEAPOLIS, Minn., Jan. 4, 2018 - IdeaGist, a subsidiary of Bir Ventures, announces a collaborative agreement with BIMTECH, a leading management institute in India, to promote a culture of innovation and entrepreneurship.

IdeaGist will provide its premium, 12-month incubation package to entrepreneurs sponsored by BIMTECH to help them complete the ideation stage, providing them with a solid foundation for the later stage of startup development. The goal is to support young entrepreneurs in developing their startup ideas by connecting to needed resources and by providing practical learning opportunities.

This collaborative venture will further establish IdeaGist's exposure in the Indian market and provide new opportunities for BIMTECH to offer incubation services to a large number of young entrepreneurs.

"By working together through a cooperative effort, IdeaGist and BIMTECH plan to demonstrate ways in which a digital platform can enhance the impact of traditional incubation, promoting a culture of innovation and entrepreneurship," says Bir Ventures CEO Hassan Syed.

According to Dr. Abha Rishi, CEO, AIC- BIMTECH, the announcement of the new collaboration on the dawn of a new year may be an auspicious sign for the alliance and the potential for innovative transformation it represents.

"This collaboration reminds me of Janus, the Roman God of beginnings, not only because it is New Year's time but also we are looking at ushering in a new era of change-provoking ideas," Rishi says.

IdeaGist is looking to form similar collaborations with other innovation centers in India. IdeaGist's online startup incubation platform is designed to help promote entrepreneurial success through practical knowledge-sharing, nurturing, mentorship, and access to resources.

To learn more about IdeaGist's collaborative, online startup incubator, visit the IdeaGist website, email media@ideagist(dot)com, or call 612-666-9247.

About IdeaGist.com
Ideagist.com is a collaboration platform for startup ecosystems worldwide, connecting communities with resources.

IdeaGist.com was founded by Hassan Syed and an international team of entrepreneurial and tech leaders. IdeaGist is the largest virtual incubation platform in the world, connecting people from 363 communities worldwide, hosting more than 1,800 ideas and offering access to more than 1,000 mentors. IdeaGist is the digital augmentation of traditional business incubators, improving the effectiveness and helping in filling the capacity gaps, on-demand, and at low cost.

About Birla Institute of Management Technology
Birla Institute of Management Technology (BIMTECH) was established in 1988 under the aegis of the Birla Academy of Art and Culture and supported by Birla group of companies with the vision of developing ethical leaders with entrepreneurial.

The Birla Institute of Management Technology NCR is rated in the top ten all-India among private B-Schools and in the top twenty all-India, among all B-Schools.

BIMTECH is the first academic institution which has received the grant to set up the "Atal Incubation Centre," and was selected out of 3,658 applicants.

BIMTECH has been selected to set up the "Atal Incubation Centre – BIMTECH" with the support of NITI Aayog, under the Atal Innovation Mission, Government of India. The objective of the Atal Incubation Centre – BIMTECH is to create high-class incubation facilities with suitable physical infrastructure.