Incubation Program
"Nurturing Innovation powering success"
About Incubation Program
The Incubation Program is designed for startups with scalable and sustainable product/service ideas. AIC Nitte achieves this by offering start-ups with valuable expertise, technological support, investor access, market entry, networking, industry connections. Start-ups also receive direction through a robust chain of mentors who impart their sector and domain-specific expertise as real-time practical guidance. Startups will be able to build a Scalable Business Strategy, Functional Minimum Viable Product (MVP), Market Ready, Sustainable RevenueModel, and Seed Stage startups are all eligible to apply. The Incubation Program includes Robust training, Business Consultation, Milestone Driven and Hand Holding incubation support.
Our Focus Sectors
Eligibility Criteria
- The Incubation program is open to to both technical and non-technical startups working on new products/services with a scalable business idea, and Prototype – MVP stage or Market Ready stage are all eligible to apply.
- Company Incorporation Type: Private Limited, Partnership Firm, Limited Liability Partnership.
- Period of Existence: Company’s existing period should not exceed more than 10 years from the Date of Incorporation.
- Turnover: Turnover should not exceed more than 10 crores in any of the financial years.
Selection Process
Program Duration
Our intensive Incubation Program is designed for a duration of 11 months, with the possibility of extension through mutual agreement.
Services Offered
Market Research & Validation
Access to Facilities
Development of POC & Prototype
Comprehensive Business Training Programs
Business Consultation
Access to resources
Access to Funding
Access to Strategic Partners
Access to Legal Services
Access to Accounting & Financial Services
Incubation Facilities
Access to Funding
Prototype Development
Incubatees (2023 - 2024)
FAQs
Entrepreneurs with a validated, market-ready currently at a late traction stage, fulfilling the eligibility criteria listed above. However, if you are an entrepreneur with a revolutionary concept, we would like to have a conversation with you.
Yes, even if you are not registered as an entity but have an innovative idea with potential to scale, please apply. Companies should be Registered to get Incubation and Funding support.
After reviewing your application, potential ideas will be invited to pitch to the selection committee to evaluate the idea, business plan, service/product offering and to understand the expectations from AIC Nitte. Selected startups will go through the Pre-Incubation Program.
We prefer startups in the Prototype – MVP stage to join our incubation program. Startups demonstrating the potential to Innovative, to Scale, with technology driven. Please refer to the Eligibility Criteria section above for more details.
The 10-week Pre-Incubation Training Program will help you in understanding startup fundamentals and build a Business Model, Pitch Deck, MVP : Market fit. Pre-Incubation will help us understand you as well as your startup stage in terms of strengths, challenges, and areas where support is needed.
Founders are required to be committed to their idea full-time and must demonstrate the ability and entrepreneurial mindset to build and grow an organization.
The eligible startups which have a potential to scale, self-sustain, create impact will be preferred for funding through SISFS. Investors connect will be open for all the shortlisted startups. Raising funds
We would prefer a startup to get physically incubated over virtual incubation.
Startup India Seed Fund Scheme (SISFS) is an initiative by DPIIT to provide the Financial assistance to startups for POC, prototype development, product trials, market entry, and commercialization. For More details visit https://seedfund.startupindia.gov.in/
DPIT certification is mandatory only to be eligible for SISFS funding.
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