This program will connecting Startups to markets and investors - Providing mentoring and incubation to promising Startups by providing space, logistic support, and training; organizing opportunities through exposure to VCs and other funds; creating opportunities for access to markets.
Through this event, we will dedicate space at Hi-Tech parks and STPs across the country as incubators for Startups. Startups can apply for the space, and entrepreneurs with innovative ideas and products that meet a certain criteria will be awarded the space at zero cost.
The incubators are not only for providing space for Startups at nominal cost but also to nurture them through training and exposure to markets and investors..
All interested Startups will apply through this Website. A Committee will go through the applications and score them. The top applications in each category will be called for presentation from which 10 from the idea category and 10 from the growth stage category will be chosen for a final presentation in front of a high powered panel that will include investors/VCs. The top 5 from each category will then be chosen for mentoring and incubation at the Hi-tech park/STP.
At idea stage, individuals or group of individuals have an idea but have not materialized it yet. Any idea that can be transformed into a business, for profit or non-profit, will be eligible to be a part of the competition – the only thing required is the commitment and dedication from the entrepreneur.
At growth stage, the entrepreneur has already materialized the idea and has a product or service that is ready to be offered to clients. The entrepreneur now needs financial, management and other support for scaling up. The growth stage startups should not be more than 2 years old and should not have a investment over $5000.