ABOUT IBAC

IBAC would connect business from West Bengal export-ready new-to-market,
new-to-export businesses with International Trade Specialists who can personally deliver the tools,
strategies, and expertise needed to help grow and succeed abroad. The centre would engage with incubatees
and businesses for their technology evaluation and growth, with measurable impact.

Innovation Business Acceleration Center

West Bengal Industrial Development Corporation Ltd., in association with Federation of Indian Chambers of Commerce & Industry and The University of Texas at Austin, IC² Institute, will establish a model acceleration and incubation center to support innovators, technology, start-ups, enterprises and businesses which have the potential to grow, scale and contribute to the economy of the state of West Bengal. The centre would engage with incubatees and businesses for their technology evaluation and growth, with measurable impact. IBAC aims to establish and grow sustainable market-driven businesses through technology and innovation. The proposed centre would also support and promote exports, working closely with exporters in West Bengal to explore opportunities for expansion in existing markets or new geographies for product launches.

IBAC will establish a model acceleration and incubation centre to support innovators, technology, start-ups, enterprises and businesses which have the potential to grow, scale and contribute to the economy of the state of West Bengal

IBAC MISSION

Providing businesses the expertise and resources to nurture, scale and expand.

IBAC VISION

Building a better business ecosystem for all.

Our Partners

West Bengal Industrial Development Corporation Ltd. (WBIDC) formed in 1967 under the Companies Act, is the premier nodal agency of West Bengal’s Commerce and Industries Department. WBIDC is responsible for conceptualizing, development, growth and facilitation of industry, investment and infrastructure in West Bengal. Over the years the corporation is actively engaged in catalyzing investment through promotion and marketing of West Bengal as an investment destination.

WBIDC provides support to industries through the four ways – Facilitation, Financing, Disbursing Incentives and by Setting up Industrial Parks.

Established in 1927, Federation on Indian Chambers of Commerce and Industry (FICCI) is the largest and oldest apex business organization in India. Its history is closely interwoven with India's struggle for independence, its industrialization, and its emergence as one of the most rapidly growing global economies.

Federation of Indian Chambers of Commerce and Industry established a Centre for Innovation, Science and Technology Commercialization (FICCI-CTech) in 2007 to provide a platform and institutional framework to Indian innovators and entrepreneurs, helping them convert their ideas into businesses. The Centre runs several national level multi-stakeholder programs to support Indian start-ups and innovators.

Over the last decade, FICCI C-Tech received and evaluated more than 15,000 proposals and supported close to 700 innovative enterprises. These enterprises have been provided mentoring on product commercialization, readiness for market, business models, IP rights, competitive positioning and mechanisms for revenue.

The IC² Institute was founded in 1977 as a “think and do” tank to test the belief of its founder, George Kozmetsky, that technological innovation can catalyze regional economic development through the active and directional collaboration among the university, government, and private sectors.

Since then, the Institute has researched the theory and practice of entrepreneurial wealth creation and has been instrumental in Austin’s growth as an innovation and technology center and in the development of knowledge-based economies in over 40 countries.

Our Mentors

Our Team

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+91-11-23316542
nirankar.saxena@ficci.com

Nirankar Saxena

Program Director – Innovation Business Acceleration Centre, Deputy Secretary General, Federation of Indian Chambers of Commerce and Industry
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+91(98) 3030-3323
jvance@ic2.utexas.edu

Jim K. Vance

Managing Director – Innovation Business Acceleration Centre;
Program Manager Global Commercialization Group, IC2 Institute of The University of Texas at Austin
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+91 7042929391
abhay.singh@ficci.com

Abhay Kumar Singh

Program Manager, Innovation Business Acceleration Centre
Sr. Asst Director, Federation of Indian Chambers of Commerce and Industry
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Mr. Samrat Soo

Additional Director FICCI, Program Manager - Business Development
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91 - 33 4006 7114
91 - 9836044089
ranajoy.sen@ficci.com

Ranajoy Sen

Dy. Program Manager, Innovation Business Acceleration Centre
Consultant, Federation of Indian Chambers of Commerce and Industry
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91 - 9836530801
Sujoy.sen@ibacwb.in

Mr. Sujoy Sen

Administrative Manager, Innovation Business Acceleration Centre