TKM Institute of Management (TIM), one of the premier institutions of business education in Kerala, has set up an incubation centre for entrepreneurship development at its campus in Karuvelil, Kollam. The TKM Business Incubation Centre (TKMBIC) is part of the initiative announced by the Young Entrepreneurship Summit (‘YES’), held at Cochin in September 2015. The Centre is functioning in association with the Kerala State Industrial Development Corporation.

The incubation centre intends to focus on Non-IT Sectors with specific focus on entrepreneurship, skill development and mentoring, thereby hand holding the students with right aptitude and abilities to enhance entrepreneurial skills. The Centre has fully furnished office space and 25 work stations. The centre also has all state of art facilities. Some facilities include Wi-Fi connectivity, reprographic facilities, discussion rooms, seminar halls, etc. The centre aims at catering to the varying needs of entrepreneurial incubation in different business stages across a variety of sectors. The TKM Business Incubation Centre was inaugurated by Mr. TKA Nair, Former Chairman, KSIDC, in the presence of Ms. M Beena IAS, Managing Director, KSIDC, Janab TK Shahal Hassan Musaliar, Chairman, TKM College Trust on June 16, 2015.

TKMBIC, focuses on identifying the spark of entrepreneurship, avenues in different sectors, assistance from Government and Non-governmental bodies, other assistances, support in preparing business plan, ensuring personal traits and possible challenges about entrepreneurship among prospective entrepreneurs. The Centre also provides the young participants with ideas and insights in the area of wealth creation, and capitalizing on the entrepreneurial spark present in them.