PGDM - IEV (Sponsored by Department of Industries, Govt. of Bihar)

About the Programme

The Post Graduate Programme in Innovation, Entrepreneurship & Venture Development (IEV) is a full time academic programme designed to enhance business capabilities of the participants and prepare them to start their own enterprise. This unique programme offers pre incubation handholding, live product/service development, proof of concept testing (PoC), compliance fulfilment, IPR management and product commercialization under one umbrella. Participants will come up with their own company by the time of completion of their degree.

Incubation Centre

The Startup Incubation Centre (SIC) was started in the year 2017 with the active support of the Department of Industries, Government of Bihar under the name of CIMP Business Incubation and Innovation Foundation (CIMP-BIIF), a Section 8 Company. The incubation centre is empanelled under Startup Bihar Policy 2017. Major thrust areas of the centre include startup projects from Edu-Tech, Fin-Tech, Ad-Tech, E-commerce and Health-Tech Sectors. In the year 2019, centre got listed with Startup India. Incubation centre provides facilities like mentoring, plug and play office, co-working space etc. to start-ups.

Course Framework

PGDM-IEV (Post Graduate Diploma in Management, Innovation, Entrepreneurship and Venture Development) course has five Modules, two Action Learning Segments and three Capstone Projects to enable students to learn to recognize, create and shape a business opportunity, develop leadership and build a start-up team, construct business models, and assess market feasibility for launching new start-ups. The details are as:

First Year

Semester Tracks/Phase Modules, Capstone Projects and Action Learning Segments
1st Semester Foundation of Management and Entrepreneurship Track
  • Module-I: Introduction to Innovation and Entrepreneurial Idea Generation and Identifying Business Opportunities
    • Capstone Project-I: Development of an Innovative Business Idea into a Proof-of-Concept
  • Module-II: Management Skills for Entrepreneurs and Managing for Value Creation
    • Capstone Project-II: Development of Business Idea into working Prototype
2nd Semester Start-up Experiential Learning Track: (Co-Learning & Contribution)
  • Module-III: Creating and Sustaining Enterprising Model & Organizational Effectiveness
    • Capstone Project-III: Development of Minimum Viable Business Model of Innovation
  • Action Learning Segment-I: Start-up/Incubation Residency Learning Program

Second Year

Semester Tracks/Phase Modules, Capstone Projects and Action Learning Segments
3rd Semester Entrepreneurship Intensity Track (Immersion into Incubation Facility and Resource Access)
  • Module-IV: Advancing Entrepreneurial Skill and Venture Planning
  • Module-V: Creating and Growing New Venture and National & Global Business Environment
4th Semester Start-up Establishment Track
  • Action Learning Segment-II: Venture Establishment Phase at Incubators/Accelerators

Note:Adopted from Course Guideline and Curriculum by AICTE (2022).

For Whom?

  • Aspirants willing to start their business/startup soon after completion of their formal education.
  • Participants from the family business background who would like to start their own business or join their existing business with knowledge of business management.
  • Aspirants who are willing to shape up their innovative idea into market ready product and willing to work on its commercialization by creating a startup.
  • Individuals who are more interested to create jobs and be the employer.


The applicant must have a bachelor’s degree from any University/Institution recognized by the Ministry of Education, Government of India. Those in their final year of graduation and obtaining their certificates of completion by August 31, 2024 may also apply. Candidates with experience in startups, businesses or other relevant work experience will be given preference.

Candidates having a valid score of CAT/ XAT/ GMAT/ CMAT/ MAT/ ATMA are eligible to apply.

Selection Process

Shortlisting will be done on the basis of the candidate’s academic record, work experience and Statement of Purpose outlining their interest in the programme. Shortlisted candidates will be asked to appear for personal interview.

Programme Fees

S.N. Particulars Pre-Admission (Rs.) 1st Semester 2nd Semester 3rd Semester 4th Semester Total (Rs.)
A Offer Acceptance Fee 15,000 15,000
B Caution Money* 10,000 10,000
C Tuition Fee (IEV) 1,50,000 1,50,000 1,50,000 1,50,000 6,00,000
D Total Programme Fee 25,000 1,50,000 1,50,000 1,50,000 1,50,000 6,25,000**


Total Programme Fee (in words): Rupees Six Lakh Twenty Five Thousand only

Hostel, Food and Books: As Applicable

**Sponsored by Department of Industries, Govt. of Bihar:

  1. For General and OBC Category - 80% of course fees will be borne by BSFT (Bihar Startup Fund Trust) and 20% of course fees will be borne by the students.
  2. For SC/ST/Women/Differently abled/Special Category - 90% of course fees will be borne by BSFT and 10% of course fees will be borne by the students.

Important Dates

Phase 1: Application Deadline Interview Schedule Academic Session Begins
Please contact CIMP Admissions Office on +91 9693223405 / for any queries. Will be Announced Later Will be Announced Later

Sale of Application Form

Applicants can download the application form from our website and will send scanned copy of filled application form along with fee payment slip to us through email on . Applicants can submit the hard copy of the application form and other documents at the CIMP counter by hand or by post.

Please contact CIMP Admissions Office on +91 9693223405 / for any queries.

Application Form fee of Rs. 1000/- (Rs. 500/- for Scheduled Caste (SC), Scheduled Tribe (ST), and Differently Abled (DA)* candidates) can be deposited through NEFT/RTGS/IMPS in favour of “Chandragupt Institute of Management Patna” Payable at Patna. Details for NEFT/RTGS/IMPS transactions are given below:

Bank A/c name : Chandragupt Institute of Management Patna

Bank A/c No. : 2920000108100915

Bank Name & Address : Punjab National Bank, Mithapur Branch, Patna

IFS Code : PUNB0880500

CIMP will not be responsible for any postal delays or non-receipt of application forms. The applicant must check his/ her application status from Admission Office, CIMP.

CIMP offers PGDM equivalent to MBA, PGDM (IEV), EFPM, FPM
Established by Govt. of Bihar, Approved by AICTE, PGDM Accredited by NBA
PGDM Equivalent to MBA by AIU

Chandragupt Institute of Management Patna

Mithapur Institutional Area, Patna -800001, INDIA
Tel: 0612-2366015/034/004/062/021, 7677227923 , Fax : 0612-2366029
Admissions Office : +91-9693223405
Director's Secretariat : 0612-2366026/9693227926
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