At AIC RAISE, the Innovation and Entrepreneurship Development Centre (IEDC) has perfected
the formula for nurturing groundbreaking ideas into impactful ventures through a well-structured
three-stage process. Let’s dive into the unique journey that transforms budding ideas into
scalable solutions: Idea Vault, Boss Table, and AIC Pitch.
Stage 1: Idea Vault – A Reservoir of Creativity
The journey begins with the Idea Vault, an open platform where students are encouraged to unleash their creativity. Every week, the IEDC collects ideas through a simple Google form submission. This approach ensures that no spark of innovation is left unnoticed. The Vault’s core philosophy is inclusivity, empowering students from diverse backgrounds to share their visions without hesitation.
Whether it’s a solution to a local problem or a revolutionary concept with global implications, the Idea Vault serves as a melting pot of creativity. Students are motivated to think beyond conventional boundaries, fostering a culture where innovation is celebrated.
Whether it’s a solution to a local problem or a revolutionary concept with global implications, the Idea Vault serves as a melting pot of creativity. Students are motivated to think beyond conventional boundaries, fostering a culture where innovation is celebrated.
Stage 2: Boss Table – The Gatekeeper of Excellence
Not every idea makes it past the first stage—and that’s where the Boss Table comes in. This stage acts as a rigorous filtration process where the best ideas from the Idea Vault are reviewed by a panel of experts. The panel evaluates the ideas based on feasibility, innovation, and
potential impact.
The Boss Table ensures that only the most promising ideas progress, striking a balance between creativity and practicality. Students also receive constructive feedback, turning the Boss Table into a valuable learning experience.
The Boss Table ensures that only the most promising ideas progress, striking a balance between creativity and practicality. Students also receive constructive feedback, turning the Boss Table into a valuable learning experience.
Stage 3: Home Run Pitch – From Concept to Reality
The final stage, Home Run Pitch, is where innovation meets opportunity. The top ideas from the Boss Table are invited to pitch their concepts in front of a jury that includes industry leaders, investors, and mentors. This stage is not just about competition; it’s about preparation and exposure.
The selected ideas receive mentorship, guidance, and a shot at funding through the Pre-Incubation Cell. Two standout ideas advance further, earning government grants under the IVP (Innovation Voucher Program). This stage equips students with the confidence, resources, and connections needed to kickstart their entrepreneurial journeys.
The selected ideas receive mentorship, guidance, and a shot at funding through the Pre-Incubation Cell. Two standout ideas advance further, earning government grants under the IVP (Innovation Voucher Program). This stage equips students with the confidence, resources, and connections needed to kickstart their entrepreneurial journeys.
Why This Process Works
The three-stage journey at IEDC AIC RAISE is more than a pipeline; it’s a transformative
experience. Each stage is meticulously designed to nurture creativity, instill critical thinking, and provide real-world exposure. By combining inclusivity with a structured approach, the IEDC ensures that every student has the chance to crack the code of innovation.
The success of this model is reflected in the inspiring ventures it has helped create, many of which are now driving sustainable development and social impact. At AIC RAISE, innovation isn’t just encouraged—it’s engineered.
Are you ready to embark on this transformative journey? The next big idea could be yours!
Are you ready to embark on this transformative journey? The next big idea could be yours!