Chief Executive Officer for MII Foundation

9 hours ago

Indore, Madhya Pradesh, India Medicaps University Full time

About MII Foundation

The Incubation Program at MII Foundation is designed for startups with scalable and sustainable product or service ideas, offering a comprehensive support system that includes valuable expertise, technological support, investor access, market entry assistance, and extensive networking opportunities. Through a robust network of mentors providing sector-specific and domain-specific guidance, startups can develop a scalable business strategy, create a functional Minimum Viable Product (MVP), establish a market-ready and sustainable revenue model, and qualify for seed stage funding. The program encompasses rigorous training, business consultation, and milestone-driven incubation support to ensure startups receive the necessary handholding to thrive and succeed.

Key Result Areas (KRA) – CEO of Incubation Company (Section 8)

1. Strategic Leadership & Vision

  • Define and implement the strategic roadmap of the incubation center aligned with the company's not-for-profit objectives.
  • Ensure alignment with government policies, startup ecosystem goals, and institutional/academic objectives.
  • Develop sector-specific focus areas (e.g., tech, healthcare, agritech, social enterprises).

2. Incubation Program Development & Management

  • Design and execute incubation, acceleration, and pre-incubation programs.
  • Build a pipeline of high-potential startups and entrepreneurs.
  • Provide mentoring, capacity-building workshops, and networking opportunities.
  • Establish measurable KPIs for startups (funding raised, jobs created, market traction).

3. Financial Sustainability & Fundraising

  • Mobilize resources through CSR partnerships, government grants, international agencies, and institutional support.
  • Develop revenue streams (program fees, equity stakes, consulting services, sponsored projects) while adhering to Section 8 restrictions.
  • Ensure cost-effective operations and financial sustainability.

4. Partnerships & Ecosystem Development

  • Forge collaborations with corporate, investors (VCs/angels), academic institutions, and government bodies.
  • Establish MoUs with ecosystem enablers (accelerators, incubators, R&D labs).
  • Build international linkages for global exposure of incubated startups.

5. Compliance & Governance

  • Ensure statutory compliance under Section 8 of Companies Act, 2013 and other applicable laws (Income Tax, CSR provisions, FCRA if applicable).
  • Regular reporting to Board of Directors/Advisory Council.
  • Maintain transparency, accountability, and governance best practices.

6. Monitoring & Impact Assessment

  • Track performance metrics of incubated startups (funding raised, patents filed, products launched, revenues generated).
  • Publish annual reports highlighting impact in terms of employment, innovation, and social contribution.
  • Drive outcome-based evaluations for continuous improvement.

7. Branding, Outreach & Advocacy

  • Position the incubation company as a leading ecosystem enabler.
  • Promote incubated startups through media, events, and demo days.
  • Represent the company at industry forums, policy discussions, and global conferences.

8. Innovation & Technology Enablement

  • Establish labs, prototyping facilities, co-working infrastructure.
  • Encourage adoption of emerging technologies (AI, IoT, biotech, green tech).
  • Facilitate IP creation and technology

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