About Connecting StartUps

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Objective

  • To develop a supportive eco system to nurture the growth of startups.
  • To connect VCs/Investors to potential startups.
  • To become a global leader in product innovation.
  • Contribute to Vision 2021 by spurring the potential of 1000 startups - resulting in employment and economic growth.

The Program – Connecting StartUps

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.

How do we do it?

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..

What will be the process of the competition?

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.

How do we spread awareness and select the initial companies?

The competition will focus on two types of startups – those at idea stage and those at growth stage.

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.

Who will participate in the Competition?

  • Idea Stage StartUps: Anyone with an idea which has not been implemented yet, can apply in the competition. The idea should be implemented by a team, consisting at least two members, of which the 50% of the team member will work during full working hours.
  • Growth Stage StartUps: Any company or a product, seeking growth, which is less than 2 years old and has an existing investment less than 5000$ can take part in this competition. The company or the entity should have a MVP (Minimum Viable Product) and can apply for the growth of this product.