{
  "id": 11878535,
  "title": "Nine IIM Sambalpur-incubated start-ups receive Rs 40 lakh in seed funding",
  "url": "https://urgent.news/2026/10/04/nine-iim-sambalpur-incubated-start-ups-receive-rs-40-lakh-in-seed",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-04T07:51:49.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/education/nine-iim-sambalpur-incubated-start-ups-receive-rs-40-lakh-in-seed-funding-10906025/"
  },
  "original_language": "en",
  "account": "On the occasion of its 12th Foundation Day, IIM Sambalpur inaugurated the 11th edition of its annual business conclave, Marmagya 11.0. The theme for the event was \"Societal Impact of B-Schools,\" while Marmagya 11.0 focused on \"Thriving on Business Disruption and Turbulence in an Interconnected World.\" IIM Sambalpur Director Mahadeo Jaiswal announced that the institute had incubated 35 startups, with nine of them receiving seed funding totaling Rs 40 lakh. The nine startups were incubated under the IIM Sambalpur I-Hub Foundation, each receiving a Rs 5 lakh seed grant. Additionally, four alumni-led startups signed incubation MoUs with the institute. In recognition of top performers, 10 BS students and 16 MBA students received plaques and Rs 1 lakh each in prize money. Over the past 11 years, IIM Sambalpur has grown significantly, with its student strength now exceeding 1,500, over 175 PhD scholars, five MBA programs, and 10 degree programs, including dual-degree PhDs. The institute has also become the first IIM to offer a bachelor's degree.",
  "summary": null,
  "key_points": [
    "IIM Sambalpur incubated 35 startups",
    "Nine startups received Rs 40 lakh in seed funding",
    "Four alumni-led startups signed MoUs with the institute"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}