Call for applications for iCreate Entrepreneurial Litmus Test Accelerator – iELT Accelerator
Does your business vision extend to scaling up nationally and even internationally?
You yourself will be guided to finding the answers to these and many other relevant questions over the four week long “litmus test”. You will be in the company of many similar entrepreneurs and the cohort as a whole will traverse this fascinating journey together in a residential programme at the iCreate Campus at Dev Dholera, Ahmedabad.
International Centre for Entrepreneurship and Technology is an autonomous Centre of Excellence for Entrepreneurship and Technology founded by Shri Narendra Modi, the Prime Minister of India. iCreate’s reason for existence is converting NextGen innovators into successful businesses.
Situated on a world class 40-acre campus, iCreate offers residential facilities, labs, office space, mentors, market access as well as seed capital for projects it incubates. A not for profit organization, iCreate is largely funded by the Government of Gujarat as well as the Central Government.ss
About the iCreate Idea Accelerator
Essentially, the programme is split into three modules: Module 1: This would be an intense round of class room sessions where the selected participants would define the value proposition of their proposed service/ product, their target market segment, the finances involved and then put the projected numbers (target customers, value proposition to them and costs of doing business) into a basic financial plan. Projected numbers will guide the path to understand whether the idea can become a successful, high growth business. (4 days) Module 2: This would be a 10 day market access program, where the selected projects would be actually going out to the market for validating the idea. (10 days) Module 3: Equipped with the insights from market access exercise, the projects would rework their value proposition, technology, and get prepared for the demo day. (3days) DEMO DAY: The program would finally conclude with a demo-day where the projects would pitch to a panel at iCreate for possible support for development of the prototype based on their idea.
Essentially, the 17 Days are split into three modules.
Operational DetailsInvestment per project (max 2 people per project): Rs. 12,000/- inclusive of training, stay and meals
Next Batch starts on: 18th November 2019 Demo day: 5th December 2019Apply Now
About the iELT Accelerator
The iELT Accelerator will be a very intense programme of three modules, spanning over four weeks. Its starting point is you – a person with a product or service ready to be taken to market. We understand that you have already completed the work needed to have an almost ready offering. This programme is designed to take you through a series of steps that give you the confidence that you and your product have what it takes to build a high growth company.
Essentially, the four weeks are split into three modules.
Defining your market segment, clearly defining who your customer is and what value they receive from your offering, your organisation structure, your business funding and building strategy and then putting the projected numbers (your target customers, your value proposition to them and your costs of doing business) into an operational cum financial plan. Projected numbers will show you the path to becoming a successful, high growth business
Actually, going out and validating the projected numbers. There will be intense customer engagements, supplier and ecosystem partner engagements as well as secondary research for validation of all assumptions.
Refining your assumptions and strategy in light of real evidence coming from the market, and putting it all together into a strategy and a numbers based, credible, growth plan for your planned business.
Your output from this programme will be a complete operational cum financial roadmap which will guide you to a high growth business, and the underling organisation as well as enabling ecosystem that would power it.
At the end of the programme, based on your findings and experience during this acceleration exercise, if you have a credible growth story, you will pitch in front of an external panel for possible seed funding and further incubation support.
iCreate will also give you a certificate for having participated and successfully completed this programme.
This programme being very intensive in nature is residential at the iCreate campus at Ahmedabad. The programme investment is inclusive of the lodging and boarding (max of 2 people per project). The investment for all 3 modules is Rs. 40,000/- (forty thousand only) per project. Apart from this, each participant would need to make a payment of Rs. 5775/- towards meal package (all meals included) . There are a limited number of sponsorships that will allow some select applications to a 50% waiver.
Applications are currently closed
Please feel free to get in touch with us at email@example.com , should you need any further assistance or help in the interim. Looking forward to hearing from you.