Build an entrepreneurial mindset for decision-making
6 
2025
TH RANK IN
MANAGEMENT 2025 Post Graduate Program for Executives in
Entrepreneurship and Innovation Management
Duration
1 year
1 year
Mode
Online with Campus Immersion
Online with Campus Immersion
IIM Mumbai
Alumni Status
Alumni Status
Schedule
Friday evenings + Weekends
Friday evenings + Weekends
IMAT Date
8th Nov 2026
8th Nov 2026
Duration 1 year
Mode Online with Campus Immersion
IIM Mumbai Alumni Status
Schedule Friday evenings + Weekends
IMAT Date 8th Nov 2026
Programme Overview
Entrepreneurship Meets Execution Excellence
A one-year executive programme designed to build entrepreneurial capability with a strong foundation in management, innovation, and real-world business application.
From Idea to Venture Creation
Learn to design, validate, and scale business ideas through structured learning, mentorship, and capstone-driven execution.
Built for Founders, Builders & Innovators
Ideal for professionals looking to start, scale, or innovate within startups, family businesses, or corporate environments.
Why Study Entrepreneurship & Innovation
Design innovative and disruptive business models
Develop leadership and decision-making capabilities
Build and scale startups from idea to growth
Apply technical, managerial, and creative thinking
Navigate the entrepreneurial journey from idea to scale
Access mentors, VCs, and the TEJAS startup ecosystem
Drive societal impact through sustainable and responsible innovation
Message from the Programme Chairperson
Structure & Curriculum
The PGPEx-EIM is a comprehensive 1-year programme designed to combine core management learning, entrepreneurial specialization, and hands-on venture creation.
Key Academic Components
15
Core Courses
4
Electives
3
Capstone Projects
2
Campus Immersion
Module 1: Foundations of Entrepreneurship
Startup Failure & Resilience Examines the common causes of startup failure and equips participants with strategies to manage uncertainty, recover from setbacks, and build resilient ventures; fosters an entrepreneurial mindset focused on adaptability and long-term success.
Innovation and Technology-Product Strategy Explores how emerging technologies and innovation can be translated into sustainable business opportunities; develop product strategies that align customer needs, market trends, and competitive positioning.
Venture Capital and Financial Management Provides a comprehensive understanding of startup financing, financial planning, valuation, and fundraising mechanisms; enables entrepreneurs to make informed financial decisions and effectively engage with investors.
Marketing for Entrepreneurs Introduces customer acquisition, brand building, growth marketing, and go-to-market strategies tailored for startups; equips participants to identify target markets and create scalable marketing initiatives with limited resources.
Project Management Focuses on planning, execution, resource allocation, and risk management in entrepreneurial ventures; develops skills to manage projects efficiently while balancing speed, cost, and quality in dynamic business environments.
Venture Blueprint - Capstone 1 Enables participants to conceptualize and structure their business ideas into viable venture models. Through faculty guidance and peer feedback, they create a robust blueprint covering value proposition, business model, and execution strategy.
Campus Immersion 1 Design Thinking Workshop, Centre for Innovation Incubation and Entrepreneurship (CIIE) visit, and networking events.
Module 2: Building & Scaling Ventures
AI and Data Analytics for Entrepreneurs Introduces the application of artificial intelligence and data-driven decision-making in modern businesses; leverage analytics for customer insights, operational efficiency, and strategic growth.
Managing Operations and Supply Chain in Startup Covers the fundamentals of designing efficient operational processes and scalable supply chains for emerging ventures; emphasizes agility, cost optimization, and operational excellence in startup ecosystems.
Product Management Develops capabilities in product lifecycle management, customer-centric design, prioritization, and roadmap planning; learn practical frameworks for building and scaling products that create market value.
Legal Aspects and Intellectual Property for Entrepreneurs Familiarizes participants with the legal foundations of running a business, including contracts, compliance, regulatory frameworks, and intellectual property protection; helps founders mitigate legal risks while safeguarding innovation.
Market Proof - Capstone 2 Focuses on validating business ideas through customer discovery, prototype testing, and market feedback. Participants refine their ventures based on evidence-driven insights and strengthen their commercialization strategies.
Module 3: Leadership & Growth
Leadership and Communication for Entrepreneurs Enhances leadership effectiveness, stakeholder management, negotiation, and communication skills essential for founders and business leaders; prepares participants to inspire teams and influence diverse audiences.
Sustainable Development for Business Explores the integration of sustainability, ESG principles, and responsible business practices into entrepreneurial decision-making; create ventures that generate both economic and societal value.
Internationalizing Business Examines strategies for expanding ventures into global markets, including market entry, cross-border operations, and international growth challenges; equips participants to identify and capitalize on global opportunities.
Founder's Thesis Serves as the culminating academic and practical project of the programme, requiring participants to develop a comprehensive entrepreneurial-focused thesis; synthesizes learning across modules into a research-backed and execution-oriented venture proposal and creates an investment-ready plan.
Campus Immersion 2 Pitch Day and networking events with CXOs, Mentors, and Investors.
Learn from the best
Taught by IIM Mumbai's faculty
Dr. Ruchita Gupta
Chairperson, Post Graduate Program in Entrepreneurship and Innovation Management (PGPEx – EIM), IIM Mumbai
Prof. Ruchita Gupta, PhD, is an accomplished professional with expertise in technology, innovation and project management. She holds a B.E. in Electrical Engineering (Gold Medalist) from Nagpur University, M.Tech in Electronics Engineering from MNNIT Allahabad, and a PhD from SJMSOM, IIT Bombay. With prior industry experience at Hewlett-Packard and Financial Technologies, her research interests span various areas - product and innovation management, entrepreneurship, technology diffusion, forecasting and modelling, project management, and risk analytics. She has published extensively in reputable journals such as Technology Forecasting and Social Change, Decision Sciences, and IEEE Transactions on Engineering Management. She has also authored international book chapters and conducted training for organizations like Marico, L&T, DRDO, and HPCL. She received the Prominence in Technology Management Award from IAMOT, USA, and was conferred the IAMOT Fellowship Award in 2022. Additionally, she currently serves as the VP-Communications of the POMS India Chapter and has been appointed as the Genpact Associate Chair Professorship. She holds a Ph.D. from IIT Bombay and a PGDM from IIM Ahmedabad.
Dr. Ruchita Gupta
Chairperson, Post Graduate Program in Entrepreneurship and Innovation Management (PGPEx – EIM), IIM Mumbai
Prof. Ruchita Gupta, PhD, is an accomplished professional with expertise in technology, innovation and project management. She holds a B.E. in Electrical Engineering (Gold Medalist) from Nagpur University, M.Tech in Electronics Engineering from MNNIT Allahabad, and a PhD from SJMSOM, IIT Bombay. With prior industry experience at Hewlett-Packard and Financial Technologies, her research interests span various areas - product and innovation management, entrepreneurship, technology diffusion, forecasting and modelling, project management, and risk analytics. She has published extensively in reputable journals such as Technology Forecasting and Social Change, Decision Sciences, and IEEE Transactions on Engineering Management. She has also authored international book chapters and conducted training for organizations like Marico, L&T, DRDO, and HPCL. She received the Prominence in Technology Management Award from IAMOT, USA, and was conferred the IAMOT Fellowship Award in 2022. Additionally, she currently serves as the VP-Communications of the POMS India Chapter and has been appointed as the Genpact Associate Chair Professorship. She holds a Ph.D. from IIT Bombay and a PGDM from IIM Ahmedabad.
Prof. Vartika Srivastava
Co-Chairperson, Post Graduate Program in Entrepreneurship and Innovation Management (PGPEx – EIM), IIM Mumbai
Prof. Vartika Srivastava is an Associate Professor of Marketing at IIM Mumbai and Chairperson of Career Development Services. Previously, she was at IIT Madras. Her interests include Consumer Behaviour, Marketing Analytics, Brand Management, and Digital Marketing. Her work has been published in various journals and she has led executive education for organizations like USV Pharma and American Express. Before academia, she was a Strategy Consultant at Monitor Deloitte, focusing on growth strategy and innovation. She holds a Ph.D. from IIT Bombay and a PGDM from IIM Ahmedabad.
Prof. Vartika Srivastava
Co-Chairperson, Post Graduate Program in Entrepreneurship and Innovation Management (PGPEx – EIM), IIM Mumbai
Prof. Vartika Srivastava is an Associate Professor of Marketing at IIM Mumbai and Chairperson of Career Development Services. Previously, she was at IIT Madras. Her interests include Consumer Behaviour, Marketing Analytics, Brand Management, and Digital Marketing. Her work has been published in various journals and she has led executive education for organizations like USV Pharma and American Express. Before academia, she was a Strategy Consultant at Monitor Deloitte, focusing on growth strategy and innovation. She holds a Ph.D. from IIT Bombay and a PGDM from IIM Ahmedabad.
LEARN FROM INDUSTRY LEADERS
VCs & Mentors
Soumya Kalluri
Founder - Dwij - Upcycled in India
Soumya Kalluri, a TEDx speaker, social entrepreneur, and Mechanical Engineer, founded dwij, an upcycling brand incubated by NSRCEL, IIM Bangalore. Inspired by her work on environmental impact, she promotes circular fashion, sustainability, and women’s empowerment by transforming discarded textiles into eco- conscious products while driving awareness of sustainable practices in India.
Soumya Kalluri
Founder - Dwij - Upcycled in India
Soumya Kalluri, a TEDx speaker, social entrepreneur, and Mechanical Engineer, founded dwij, an upcycling brand incubated by NSRCEL, IIM Bangalore. Inspired by her work on environmental impact, she promotes circular fashion, sustainability, and women’s empowerment by transforming discarded textiles into eco- conscious products while driving awareness of sustainable practices in India.
Tarun Mishra
Founder and Chief Mentor - Sphere Music Labs
Tarun Mishra, an IIT Bombay alumnus and entrepreneur, has founded and co-founded multiple technology ventures, including Covacsis Technologies, ELL Learning Labs, and Opexas Analytics (Astron-ai). He has expertise in Industrial IoT, Industry 4.0, product strategy, innovation, global scaling, fundraising, M&A, and stakeholder management, and has nurtured 13 entrepreneurs.
Tarun Mishra
Founder and Chief Mentor - Sphere Music Labs
Tarun Mishra, an IIT Bombay alumnus and entrepreneur, has founded and co-founded multiple technology ventures, including Covacsis Technologies, ELL Learning Labs, and Opexas Analytics (Astron-ai). He has expertise in Industrial IoT, Industry 4.0, product strategy, innovation, global scaling, fundraising, M&A, and stakeholder management, and has nurtured 13 entrepreneurs.
Dr. Rashi Gupta
Founder - Vision Mechatronics Pvt. Ltd.
Dr. Rashi Gupta, Founder and Managing Director of Vision Mechatronics Pvt. Ltd., is a pioneer in advanced battery technology, energy storage, and renewable energy. Known as the 'Batterywali of India,' she has received several national and international recognitions for her contributions to CleanTech, sustainability, and women's empowerment, and serves on various energy-sector committees and the UN-CEET.
Dr. Rashi Gupta
Founder - Vision Mechatronics Pvt. Ltd.
Dr. Rashi Gupta, Founder and Managing Director of Vision Mechatronics Pvt. Ltd., is a pioneer in advanced battery technology, energy storage, and renewable energy. Known as the 'Batterywali of India,' she has received several national and international recognitions for her contributions to CleanTech, sustainability, and women's empowerment, and serves on various energy-sector committees and the UN-CEET.
Bithindra Biswas
Founder and Chief Growth Strategist - Brand Vibe Consulting
With over 20 years of experience, he is a business leader with expertise in P&L management, business turnarounds, revenue growth, and team leadership across diverse industries. He combines hands-on operational expertise with applied AI, advising organisations on AI-led transformation. He is a PhD researcher at IIM Kozhikode, IIM Ahmedabad alumnus, author, and LinkedIn Top Voice 2024.
Bithindra Biswas
Founder and Chief Growth Strategist - Brand Vibe Consulting
With over 20 years of experience, he is a business leader with expertise in P&L management, business turnarounds, revenue growth, and team leadership across diverse industries. He combines hands-on operational expertise with applied AI, advising organisations on AI-led transformation. He is a PhD researcher at IIM Kozhikode, IIM Ahmedabad alumnus, author, and LinkedIn Top Voice 2024.
Anupam Gupta
Jewellery Industry Consultant - Independent Consultant
Anupam Gupta is an Independent Strategy Consultant, Mentor and Trainer with 14+ years of experience in retail and jewellery, including roles with Titan's Tanishq and Mia by Tanishq. He specialises in retail strategy, merchandising, sales and entrepreneurship, and mentors professionals transitioning into entrepreneurship and franchise businesses.
Anupam Gupta
Jewellery Industry Consultant - Independent Consultant
Anupam Gupta is an Independent Strategy Consultant, Mentor and Trainer with 14+ years of experience in retail and jewellery, including roles with Titan's Tanishq and Mia by Tanishq. He specialises in retail strategy, merchandising, sales and entrepreneurship, and mentors professionals transitioning into entrepreneurship and franchise businesses.
Dr. Satvasheel Powar
Dean (Finance & Accounts) - IIT Mandi
Dr. Satvasheel Powar, Associate Professor at IIT Mandi, is a solar photovoltaics and energy technology expert with 20+ years of global R&D experience. His expertise spans solar-module circularity, life-cycle assessment, agrivoltaics, and scale-up engineering. An Entrepreneurship Trainer, he has also led a startup track at IIT Mandi and holds 33 granted patents.
Dr. Satvasheel Powar
Dean (Finance & Accounts) - IIT Mandi
Dr. Satvasheel Powar, Associate Professor at IIT Mandi, is a solar photovoltaics and energy technology expert with 20+ years of global R&D experience. His expertise spans solar-module circularity, life-cycle assessment, agrivoltaics, and scale-up engineering. An Entrepreneurship Trainer, he has also led a startup track at IIT Mandi and holds 33 granted patents.
Amit Kumar Panigrahi
Founder and Managing Partner - Ishavante Venture Strategy
Founder & Managing Partner at Ishavante Venture Strategy, he works with founders, investors, and early-stage ventures to build stronger businesses from inception. His expertise spans opportunity selection, business model design, customer validation, go-to-market strategy, founder readiness, and investor positioning, with a strong focus on startup ecosystems, venture capital, and innovation.
Amit Kumar Panigrahi
Founder and Managing Partner - Ishavante Venture Strategy
Founder & Managing Partner at Ishavante Venture Strategy, he works with founders, investors, and early-stage ventures to build stronger businesses from inception. His expertise spans opportunity selection, business model design, customer validation, go-to-market strategy, founder readiness, and investor positioning, with a strong focus on startup ecosystems, venture capital, and innovation.
Why Choose This Programme
400+ hours of learning
Expertise across management, entrepreneurship, innovation and venture creation
Incubation access via TEJAS
Mentorship and incubation support through TEJAS, subject to screening and approval
3 capstone projects
Turn an idea into a funded, actionable business plan across three guided stages
IIM Mumbai alumni community
Join the IIM Mumbai alumni network on successful completion
Faculty and industry leaders
Learn from IIM Mumbai faculty alongside founders, investors and practitioners
2 campus immersions
In-person, high-intensity learning on the IIM Mumbai campus
Continue Your Academic Journey
Under NEP 2020's Multiple Entry & Multiple Exit (MEME) framework, eligible participants may pursue lateral entry into the following IIM Mumbai programmes.
* Subject to fulfilment of prescribed academic and administrative requirements.
Learning
Simulations and business games
Simulations and business games
Case studies and real-world scenarios
Case studies and real-world scenarios
Live projects and assignments
Live projects and assignments
Evaluation
Selection Criteria
Marks
CAT / GMAT / GRE / IMAT (IIM Mumbai Entrance Test)
40
Class - X Marks
5
Class - XII Marks
5
Graduation Marks
10
Relevant Entrepreneurial / Family Business / R&D / Startup Experience
10
PI (Personal Interview)
30
Maximum Total Marks
100
Selection Criteria
CAT / GMAT / GRE / IMAT (IIM Mumbai Entrance Test)
Marks
40
Selection Criteria
Class - X Marks
Marks
5
Selection Criteria
Class - XII Marks
Marks
5
Selection Criteria
Graduation Marks
Marks
10
Selection Criteria
Relevant Entrepreneurial / Family Business / R&D / Startup Experience
Marks
10
Selection Criteria
PI (Personal Interview)
Marks
30
Selection Criteria
Maximum Total Marks
Marks
100
Campus Immersion
The program includes two mandatory on-campus immersions at IIM Mumbai, designed to complement online learning with
high-impact, in-person engagement.
Two Campus Immersions
Structured in-person modules integrated within the program (3 days each)
Structured Mentorship
30 hours across 10 sessions with CXOs & Investors (mentor panel revealed before admissions)
Faculty-Led Learning
Case discussions, simulations, and live sessions with IIM Mumbai faculty
Venture Building & Mentorship
Capstone development with guidance from faculty and industry experts
Industry & Peer Network
Interactions with entrepreneurs, investors, and a high-calibre cohort
Campus & Ecosystem Exposure
Access to IIM Mumbai's academic, research, and startup ecosystem
Note: All travel, accommodation, and boarding expenses for campus immersion are to be borne by the participant.
Beyond the classroom
Turn your idea into a venture with TEJAS
As part of IIM Mumbai's entrepreneurial ecosystem, TEJAS provides eligible participants with structured incubation, mentorship and access to industry and investor networks to move from idea to execution.
Support for the next stage of your venture
Mentorship that sharpens your idea
Explore expert guidance to validate assumptions and develop a stronger venture model.
Incubation pathways, aligned to readiness
Stage assessment and tailored support help ventures progress from idea to prototype and market.
Connections for long-term growth
Engage with an ecosystem of investors and partners to explore opportunities for scale and impact.
A structured journey, from idea to investor-ready
Phase 01
Idea Validation & Legal Setup
Phase 02
Prototype & Development
Phase 03
Go-to-Market Strategy
Phase 04
Investor Demo Day
PGPEx-EIM participants can apply to take their capstone venture into TEJAS, subject to screening and approval.
For more information, visit TEJAS website.
Who Is This Programme For
Designed for professionals looking to build entrepreneurial thinking, innovation capabilities, and venture creation skills.
Working Professionals
Advance your career by developing strategic and innovative skills.
Aspiring Entrepreneurs
Validate ideas, build ventures, and scale businesses confidently.
Business Leaders & Managers
Drive innovation, lead initiatives, and foster growth.
Family Business Owners
Grow your business with frameworks for innovation and expansion.
Admission Process
1
2
3
1
Application
- • Register with ₹3,000 non-refundable fee, complete form, SOP and documents
- • Appear for IMAT or submit a valid CAT / GMAT / GRE score
2
Selection
- • Get shortlisted for Personal Interview based on eligibility, SOP, and test performance
- • Attend the online Personal Interview
3
Admission
- • Receive your admission offer and secure your seat with a ₹1,00,000 booking amount
- • Complete fee payment formalities
1
Application
- • Register with ₹3,000 non-refundable fee, complete form, SOP and documents
- • Appear for IMAT or submit a valid CAT / GMAT / GRE score
2
Selection
- • Get shortlisted for Personal Interview based on eligibility, SOP, and test performance
- • Attend the online Personal Interview
3
Admission
- • Receive your admission offer and secure your seat with a ₹1,00,000 booking amount
- • Complete fee payment formalities
Eligibility
Educational Qualification
- Bachelor's degree with minimum 50% marks or equivalent CGPA, from a UGC-recognised university or institution.
- 45% for SC, ST and PwD candidates.
Work Experience
- Minimum 1 year post-graduation.
- Preference given to candidates with startup, family business, R&D, or entrepreneurial experience (supporting documents required).
Test Score
- Valid CAT/GMAT/GRE score.
- A qualifying score in the IIM Mumbai Admission Test (IMAT).
Statement of Purpose
- Required with application, outlining the candidate's business idea.
Important Dates
Event
Dates
IMAT - IIM Mumbai Admission Test (online) 08th November 2026
Personal Interview (PI) 25-27 November 2026
Tentative Result Declaration 01 December 2026
Seat Securing By 2-11 December 2026
Technical Orientation 14th Jan 2027
Academic Orientation and briefing 15th Jan 2027
Online Class Start 16th Jan 2027
Campus immersion Dates To Be Announced
Fees Structure
₹6,00,000
Application Fee
₹3,000
Seat Securing Fee
₹1,00,000
Instalment
₹5,00,000
Total Fee
₹6,00,000
Note: Excludes ₹25,000 refundable caution deposit;
the ₹3,000 application fee is separate from the programme fee and is non-refundable and non-adjustable under any circumstances.
Withdrawal & Refund Policy
If a candidate withdraws their admission at any stage, the refund will be processed in accordance with the applicable guidelines. Withdrawal requests must be submitted in writing or via email to execed@iimmumbai.ac.in
| Timing of Withdrawal | Refund Amount |
|---|---|
| Candidate withdrawing admission before the commencement of the program | Paid amount minus ₹1,000 |
| Candidate withdrawing admission after the commencement of the program | ₹25,000 (only the caution deposit) |
The ₹25,000 caution deposit is refundable upon successful completion of the programme and graduation, subject to clearance of all dues. In case of withdrawal after commencement, only the caution deposit shall be refundable, in accordance with applicable Institute rules. All other fees paid are non-refundable.
About IIM Mumbai
Indian Institute of Management Mumbai (IIM Mumbai), formerly NITIE, was established in 1963 and is ranked 6th in the NIRF 2025 Management Rankings and has a Centre of Innovation and Incubation that supports entrepreneurship and startups. For the one-year Post Graduate Program in Entrepreneurship and Innovation Management (PGPEx-EIM) the institute brings together a working entrepreneurial ecosystem, deep industry integration and an experiential approach that turns ideas into scalable ventures.
FAQs
What is the fee for the IIM Mumbai entrepreneurship programme?
₹6,00,000 single / ₹6,25,000 in two instalments + ₹25,000 refundable caution deposit
What is the eligibility for PGPEx-EIM?
Bachelor's 50% / 45% SC-ST-PwD, 1 year work experience, CAT/GMAT/GRE from June 2024 or IMAT
Is the programme online? How many campus visits?
Online, Friday evenings + weekends; 2 immersions of 3 days each; travel self-funded
When do classes start?
Classes start in January 2027
Do I get IIM Mumbai alumni status?
Yes, on completion of the programme.
Is a CAT score mandatory?
No, it is not compulsory.
What is TEJAS incubation and who gets it?
TEJAS stands for Transforming Entrepreneurial Journeys Across States & Districts, a flagship nationwide initiative by Startup India (DPIIT) designed to bridge the startup awareness and access gap by taking entrepreneurship support directly to tier-2, tier-3, and tier-4 regions
Contact Us
WhatsApp us
For any queries, you can Whatsapp us at
Email us
For any queries, you can contact us at