Incubation Centre Manager Ram Bansal supports startups by providing mentorship, funding, industry connections, and infrastructure. He emphasizes patience, skill development, and guidance, aiming to foster India’s entrepreneurial ecosystem and create job providers.

Ram Bansal works as the Manager of the MII Foundation in Indore.

The MII Foundation is the Incubation Centre of Medicaps University, Indore. Bansal also works as an Assistant Professor in the Mechanical Engineering Department of the university.

He performs dual roles as a Manager and an Assistant Professor within the university. His basic responsibilities include promoting incubation and innovation in the university. The foundation supports startups by providing a complete support system.

Essentially, the Medicaps Innovation Incubation (MII) Foundation provides an all-around ecosystem to students. They offer infrastructure facilities, mentoring, industry connections, funding support, and guidance on accessing government schemes to help startups grow. They also provide mentorship from industry experts to facilitate the overall growth and sustainability of startups.

When asked about his inspirations, Ram Bansal says he draws motivation from his surroundings. He observed that many startups worldwide struggle due to a lack of proper mentorship. He felt that if students were provided with an ecosystem or a dedicated place that offers mentorship, guidance from industry experts, and academicians, their startups could thrive. This, he believes, can significantly contribute to India’s startup ecosystem and help fulfill the nation’s vision and mission.

MII Foundation Manager Ram Bansal hails from Morena, a small town in Madhya Pradesh. He completed his primary and secondary education there. Afterward, he pursued a B.Tech in Mechanical Engineering and an M.Tech in Automobile Engineering. Following this, he felt a strong need to contribute to India’s entrepreneurial ecosystem. Before joining the startup ecosystem, he worked as a Mechanical Engineer in various domains, including Automobile and Mechanical Engineering, while also teaching students. Currently, at the MII Foundation, he provides comprehensive support to startups.

Ram Bansal mentions that his role models include all entrepreneurs who are making significant contributions to the field of innovation and entrepreneurship. He admires people who take risks and work towards fostering innovation.

He believes in the quote:

सपने वो नहीं होते जो हमें नींद में आते हैं, सपने वो हैं जो हमें सोने नहीं देते।

This philosophy has inspired and guided him throughout his life and career.

Regarding his achievements as an assistant professor and faculty member, Ram Bansal shares that he has published 24 papers in national and international journals and holds 15 patents. He also serves as a reviewer for some international journals. Additionally, he is the faculty coordinator or faculty advisor of ‘Ese Hi Badha India’. He highlights that his team works very efficiently.

In his managerial role, he notes that sometimes students are ready to start their own ventures, but their parents are hesitant. He personally counsels parents to encourage them to support their children’s startups. He emphasizes that patience is crucial in the startup ecosystem. Rapid growth is unrealistic initially, and startups require perseverance to survive and scale.

At MII, they provide funding support, mentorship, and parental counseling when necessary. Their primary goal is to help students launch startups, fostering a culture where individuals become job providers rather than job seekers—a crucial aspect for national development.

Assistant Professor Ram Bansal’s message to the nation is that if every Indian understands and fulfills their responsibilities diligently, no one can stop India’s growth. Citizens should actively contribute to making the country strong and developed.

For young aspiring entrepreneurs, he advises patience. Establishing a startup requires time to achieve stability and sustain growth. Individuals should work on developing their skills, such as communication, networking, and understanding business and finance terminology. Mentorship is also vital, especially for those with limited experience. He stresses that the first three years are particularly critical for a startup’s survival and growth.

Regarding the MII Foundation, Manager Ram Bansal explains that it is the Medicaps Innovation Incubation Foundation, a section 8 company of Medicaps University. The foundation provides comprehensive support to startups, including mentorship, networking, industry connections, patent filing assistance, funding support, and guidance on government schemes to secure grants. They offer a fully equipped physical space within the university where startups can set up their offices free of cost. The foundation does not charge any fees for these facilities. It is open not only to Medicaps students but also to anyone from all domains. They welcome all types of startups and take pride in supporting entrepreneurs to grow their businesses.