Institute for Industrial Development

Institute for Industrial Development (IID) is an incubator in partnership with the Ministry of Small and Medium Enterprises (MSME), Government of India, aimed at promoting entrepreneurship development. Inaugurated by Shri Giriraj Singh, Hon’ble Union Minister of State (Independent Charge) MSME, Gov of India in December 2018, IID serves as a vital link between policymakers and beneficiaries. The organization offers a wide range of support, including skill development, mentoring, credit facilitation, and market accessibility for entrepreneurs. IID's deliverables encompass digital facilitation of the knowledge bank, skill development by industry experts, MSME policy support, credit facilitation, motivational support, and infrastructure for virtual events. The company operates as a virtual facilitator and knowledge bank, leveraging state-of-the-art incubation facilities and a YouTube channel. Additionally, IID collaborates with public and private sector bankers to provide credit facilitation and offers continuous support through mentors and coaches. Furthermore, the company uses its WhatsApp channel to connect and engage with stakeholders. Founded in 2000, IID is actively involved in sectors such as advertising, financial services and industrial ventures. Overall, IID's strategic partnership with the Government of India and its comprehensive support structure make it an attractive investment opportunity for venture capitalists seeking exposure to the burgeoning entrepreneurial landscape in India. With its focus on fostering innovation and providing essential resources for entrepreneurial success, IID presents a promising investment prospect for those interested in contributing to the growth of the MSME sector and supporting the thriving startup ecosystem in India.