As the state government is working on formulating a startup policy to promote and facilitate entrepreneurs in the state. ASBM has initiated to create ecosystem for new innovative ideas from students from different background irrespective of education parameters. It will work together with some startups from Singapore like IExperience and Apple Seed to work jointly for creating the mindset of entrepreneurship in the present scenario of unemployment issues. Ministry of Micro, Small & Medium Enterprises (MSME), Government of India has recognised prestigious B-school ASBM as Business Incubator Centre of Government of India. ASBM is the only management institute of the state which got this distinction. Business Incubator Centre holds significant importance in a country like India as entrepreneurs by the score are launching new setups and changing the game of business. Now ASBM incubation centers will provide support functions, mentorship and resources to individual entrepreneurs or entrepreneurial setups. The institute is forging ahead with the existing entrepreneurial activities to support, the vibrant student body on campus for encouraging entrepreneurship among the students and beyond.
It is worthwhile to mention that Entrepreneurship Development Programmes are being organized regularly by ASBM to nurture the talent of youth to motivate them towards self-employment. Now Comprehensive training programmes will be organized to upgrade skills of prospective entrepreneurs, existing workforce and also develop skills of new workers. This is going to add substantial value to the state of Odisha. ASBM has pioneered in taking initiative for women entrepreneurship. The vision of Prof. (Dr.) Biswajeet Pattanayak, Director ASBM, to empower talented youth towards self-employment now become a reality. Dr. Saikat Gochhait, Coordinator, Entrepreneurship Development Cell will be the head of ASBM Business Incubator Centre.