International Centre for Entrepreneurship and Technology – iCreate is inviting applications for incubation of slightly mature projects, to be incubated at its new Dev Dholera Campus near Ahmedabad, Gujarat. The period of incubation can be up to two years, and iCreate has dedicated a budget of up to Rs 250 lakhs for this round of applications.
If you have been working on an innovative technology / software / product/ service, and have spent time talking to real consumers of your offering, and have created some minimal viable product offering, then apply. We can offer you labs and workshops to finalize your offering, help take it to live customers to make it market ready, and also to mentor you so that you can build a growth organization and start earning serious revenue.
Proposals will be accepted between 20th September to 25th October, 2016. Results will be announced on 11th November, 2016. However, only shortlisted candidates will be notified. Selection process will then be conducted at iCreate premises from 28th November,2016 to 30th November,2016. Please note, while there is no fee for the application or for the Bootcamp (which is a 2+1 day residential preparation camp), the travel expenses are to be borne by the candidate/teams.
The final Pitch will be conducted on 30th November, 2016. Due diligence of short listed candidates will be conducted and final results (offer for incubation) will be declared on 5th December,2016. The selected candidates can confirm the acceptance of the offer by 8th December,2016. Further, the process of incubation will be initiated on receipt of the share certificate (details of which will be shared in the offer letter) or conditional security deposit (as the case may be) latest by 23th December 2016. The incubation starts on 16th January,2017.
Results Announced-Shortlisted Applicants || 11th November,2016
Only shortlisted candidates to be notified
Participation in Pre- Incubation Bootcamp, at iCreate Ahmedabad, mandatory to proceed further. The cost of accommodation, travel, food to be borne by candidates.
There is no commitment from either parties until final results
Bootcamp || 28th November, 2016
Day long workshop focussing on making an effective pitch
Work Day || 29th November, 2016
Refine proposal and prepare for final Pitch
Final Pitch || 30th November, 2016
A skeleton Business Plan and Incubation Proposal has to be submitted to iCreate
A presentation summarizing the above has to be then presented to an independent panel of experts in order to evaluate for incubation worthiness at iCreate
Final Results (offer for incubation) || 5th December ,2016
Only selected candidates (with satisfactory due diligence report) would be notified
Draft incubation agreement would be sent along with offer letter
Confirmation of acceptance || 8th December,2016
Last date for in principle confirmation to join the program
Subscription to equity/payment of conditional security deposit || 23rd December,2016
Start of Incubation || 16th January, 2017