Fewer mundane tasks, more product development

Incubators, which are taking root across the world, offer startups guidance and resources. In essence, incubators are home to angel investors, venture capitalists and others who are able to mentor entrepreneurs. Many also offer tangible resources such as accounting assistance, office space and legal guidance. Having this business infrastructure in place allows the startup to focus on what matters most–the core business (and not the mundane, day-to-day administrative responsibilities).

Although incubators and accelerators both help businesses grow, incubators assist companies in their infancy, whereas accelerators guide organizations through future expansion and development.

Access to “mover and shaker” networks

One of the biggest benefits of being part of our incubator is the ability to tap into a strong network of business partners. Some require large financial commitments, while others considered it too risky to work with a 1-month-old startup. However, those obstacles be bridged by being a part of an incubator.

A powerhouse network can also be beneficial from a public relations perspective. There is only so much you can do as a startup with a limited marketing and PR budget, but being a part of our incubation will help you gain traction, thurst and step into the spotlight. This in turn will also strengthen your ability to scout leads and opportunities.

You can scratch each others’ backs

As a electronics incubator, it is important for us to frequently release new hardware and optimization capabilities. It’s even more important that we learn from startups feedback to make platform better. Our Incubation program proves to be extremely beneficial to do more aggressive product development and rigorous testing–something that would have been more difficult and time consuming

As any entrepreneur will attest, there are a lot of lessons that he or she has learned the hard way. Making errors and learning from mistakes is something startup founders own. However, imagine being part of a support system where you could learn from the mistakes of others before you made them yourself.

Support from mentors with street credibility

Our mentors have been entrepreneurs themselves, as such have been able to challenge and further help shape our vision, strategy and roadmap thanks to their personal experience. The value that our mentors have brought for our startups has been instrumental to our success and we look forward to helping other new startups succeed in the future.

Pre Incubation

All start-ups that are developing platform and products on blockchain will be invited to the CoE and will be offered Co-Working space. The Co-Working space will be allocated as per the STPI policy. During this Pre Incubation phase, startups can enhance their ideas and develop a workable solution in consultation with mentors. Mentors will help validate the ideas purely at conceptual level and advice next steps on how to get customer validation etc. At this stage the startups may, under the guidance of mentors, start tech development to showcase their idea.

Incubation

A Pan India Outreach Program to attract the start-up by partnering with various organisations including the ones in Pre-Incubation.

• 3 months of incubation (extendable to 6 months) wherein that startup will complete the folowwing defined tasks.
• Validating the idea through Industry Connect
• Building POC/MVP
• Demonstrating Customer Acquisition Strategy by acquiring first (1-10) customers
• Establishing the Revenue System Stream
• Establishing the Payment Cycle
• Building the Biz Plan

Post Incubation

Post the incubation period, the Startups' completion of tasks will define their eligibility to the Acceleration Program. During the Incubation Period, the startups will undergo an intense mentorship to deliver time bound results. The startups will also undergo the following Master Classes:

• Defining Entrepreneurship
• Identifying the problem and building solution
• Build a POC/MVP

These Master Classes will help the startups understand the fundamentals of entrepreneurship and build solution to the problems identified by them.

Acceleration Program

Post Incubation, the logical steps for startups is to roll out commercially and generate revenue through a sustainable business plan. Hence they will get intense training and hand holding for the next 9 months. Gurugram CoE will help these startups raise an investment of Rs. Twenty Five lakhs from potential startup investors and enroll them in the 9 months long Acceleration Program in which the Partner and its Associates shall provide funding based on their own discretion. During the 9 months Acceleration Program, startups will receive "UNLIMITED MENTORSHIP" in person or remotely. During the Acceleration Program, the startups shall receive the following knowledge through various masterclasses conducted periodically:

• Go to market with a MVP, Marketing (traditional and digital) & Proactive Selling Skills
• Data Analysis and Sustainable Business Model
• Pitching to the investor & Scaling the Business.

Post the Acceleration Program

Post the incubation period, the Startups' completion of tasks will define their eligibility to the Acceleration Program. During the Incubation Period, the startups will undergo an intense mentorship to deliver time bound results. The startups will also undergo the following Master Classes:

• Defining Entrepreneurship
• Identifying the problem and building solution
• Build a POC/MVP

These Master Classes will help the startups understand the fundamentals of entrepreneurship and build solution to the problems identified by them