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Managing early growth of a
Business- Incubation Program
y Parag Talukdar 49
y Manish Tripathi 50y Akshada Wagh 51
y Yashada Waghmare 52
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Objectivesy The Scheme provides early stage funding for nurturing
innovative business ideas (new indigenous technology,
processes, products, procedure etc.) which could be
commercialized in a year.
y The main objective is to promote development of
knowledge-based innovative ventures and to improve
the competitiveness and survival instincts of the
Micro, Small and Medium Enterprises (MSMEs).
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Program
y A total of 100 Business Incubators (BIs) are expected
to be set up between 2008-09 to 2011-12.
y Each BI is expected to help incubation of 10 new ideas
or units and is to be given financial assistancebetween Rs. 4 lakh to Rs. 8 lakh per idea/unit matured
subject to an overall ceiling of Rs. 62.5 lakh per
incubator, which works out to be Rs. 6.25 lakh per
idea/unit on an average.
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Implementationy The Scheme is being implemented in a Public Private
Partnership (PPP) mode with expected private
participation between 15% (in case of micro
enterprises) to 25% (for small enterprises).
y On receipt of proposals, final approval is given by
MSME.
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List OfIncubation Programs-
India
y NS Raghavan Center for Entrepreneurship Learning (NSRCEL), IIM Bangalore.
y Technology Business Incubator, Birla Institute of Technology, Pilani
y Center for Innovation, Incubation and Entrepreneurship, IIM Ahmedabad
y Entrepreneurship Cell, IIT Kharagpur
y Center for Entrepreneurship, SP Jain Institute of Management & Researchy C-TIDES, IIT Madras
y TeNeT, IIT Madras
y Society for Innovation and Entrepreneurship, IIT Bombay
y Nirma Labs
y SIDBI Innovation and Incubation Center, IIT Kanpur
y Entrepreneurial Development Cell, IIT Guwahatiy Entrepreneurship Development Cell, IIT Delhi
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List OfIncubation Programs-
Indiay Entrepreneurship Cell, FMS Delhi
y Abhiyan, IIM Lucknow
y E-Cell, IIM Kozhikode
y Center for Entrepreneurship and Innovation, IIM Calcutta
y Entrepreneurship Development Institute of India, Ahmedabad
y ICFAI Center for Entrepreneurship Development, Hyderabad
y MICA Entrepreneurship Development Center, Ahmedabad
y Wadhwani Center for Entrepreneurship Development, Hyderabad
y TIME IS, Delhi
y Science & Technology Entrepreneurs Park, JSS Academy of Technical
Education, NOIDAy National Institute of Industrial Engineering, Mumbai
y Entrepreneurship Development Cell, IIT Roorkee
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THEENTREPRENEURSHIP DEVELOPMENT
CELL (EDC, IITD)
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THE ENTREPRENEURSHIP DEVELOPMENT
CELL (EDC, IITD)
y Initiated in January, 2007 with a vision to promote
Entrepreneurship amongst the students of IIT Delhi and to
build an exhaustive resource pool to aid potential student
entrepreneurs.
y They do help in making suitable proposal for the same.
Technology Based Incubator Unit (TBIU) of IIT Delhi has
been a patron organization of us.
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Knowledge Mentor's Panel
y EDC provides mentoring opportunity by its network of
knowledge partners network includes professionals,
entrepreneurs, investors, and Industry experts.
y They have a special annual two days mentorship session during
e-summit which is offered after an individual or a team goesthrough a screening process.
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EDC's InvestorPanel
y EDC is aiming to offer a first hand investment gateway to
promote and encourage entrepreneurship among them.
y They have angel investors on board who meet during our
e-summit. Apart from this gathering
y They also entertain individual cases throughout the year.
Every proposal goes through a screening process before
reaching the investor panel.
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Social Entrepreneurship Projects
y Encourage students to associate with and assist NPOs
and NGOs achieve a common goal of sustainable
development under the banner of Social
Entrepreneurship Projects.
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Vishishth, the annual EDC
B-Plancompetition
y "Vishishth", is an ideal opportunity for all budding
entrepreneurs to take a giant leap in their career
path.y Showcase your talent, persistence and your vision to
achieve what others can just dream of.
y 'Ideate, Innovate and Implement'
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EDC- Summity Any student in India who is a founder/co-founder of a
startup and is below 28 years of age. The startup must
be in early stage(less than 2 years).
y
Benefits One on one mentoringsessions Incubation opportunities.
y Opportunity to pitch to Angel Investors.
y Team Building Support.
y Exclusive national Media Coverage.
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Workshops
y Business Modeling
y Evaluation of a Business Idea
y Entrepreneurship Under Pressure
y Blog: http://edcatiitd.wordpress.com
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MITCON S Biotechnology
Business Incubators
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About MITCON
y It is sponsored by DST, Govt. of India & APCTT, New Delhi
y Approved by Ministry of Micro, Small and Medium Enterprises(MoMSME), Govt. of India.
y MITCON's Incubation facility is located in central part of Pune
city.
y Thrust Area: Biotechnology, Agriculture, Food Processing,Ayurveda, Pharmaceuticals
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Incubation Services
y Production Facility
y Training Courses
y Services
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How do they support?
y Research academics
y Low cost and low Commitment Physical resources
y
Advisory and soft infrastructure service
y Access to broad networks of invaluable contacts
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List of services:
y Market survey / marketing assistance
y Business planning and training
y Organising management/ technical assistance
y Assistance in obtaining statutory approvals
y Information dissemination on product ideas/technologies
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Contd..
y Syndicating finances
y
Arranging legal and IPR services
y Using facilities of the Host Institute (HI) at nominal charges
y Work space for a limited period
y Common facilities of TBI such as communication, conference,
computers
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CENTRE FOR INNOVATION, INCUBATIONAND
ENTREPRENEURSHIP
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CIIE
y Centre for innovation, incubation and
entrepreneurship
y Set up at IIMA with help from Gujarat govn and dept
of science and technology
y comprise of faculty, alumni and students of IIMA,
mentors and service providers from the industry who
span a variety of functional areas, sectoral domains
and geographies
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Kunal Upadhyayy CEO of CIIE since 2007
y MBA from IIM Ahmedabad and B.Tech from IIT
Madras.
y
leads CIIE's effort for incubating and investing in newventures and building a robust entrepreneurial
ecosystem in India
y bridge the early-stage equity gap, he has single-
handedly raised over $3 million
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Kunal Upadhyayy currently setting-up a $10 million incubation fund
focussed on the clean tech sector.
y led investment in and incubation of over twenty early
stage start-ups across sectors
y been instrumental in conceptualizing and
implementing several major initiatives at CIIE -
including the iAccelerator, The Power of Ideas,
MentorEdge, Renewable Energy Search and Stay
Hungry Stay Foolish.
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iAcceleratory an incubator of internet & mobile startups in India
y to establish world class technology companies in India
by providing them the initial funding, guidance and
networks they need to get started
y Administrative, business, financial, development
support and establishing process
y Application review, email, phone, in person meeting,
incubation offer
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IndiAngelsy bring visionary investors and revolutionary start ups
together.
y to bring investors interested in early stage capital to
grow a start up from idea to commercialized product
y is powering 2010 economic times power of
ideas campaign
y Categorization of start up, market research, get to
know start up first hand, independent review,investment committee review.
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Stay Hungry Stay Foolishy Conceptualized and initiated by CIIE
y snapshot of journeys of 25 IIMA alumni across various
batches, who chose the road less travelled
y
book captures the ups and downs faced by anentrepreneur on a day-to-day basis and has been a
bestseller - with around 200,000 copies sold and
translated into several Indian languages
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Piramal prizey partnership between Piramal Foundation and Centre
for Innovation, Incubation, and Entrepreneurship.
y to enable bold entrepreneurial ideas with potential to
reduce the burden of disease across India
y award recognizes high-impact models that propose
innovative solutions which directly or indirectly
address Indias healthcare crisis
y
awarded in 2 categories1. Emerging Ventures
2. Established Organizations
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MentorEdge
y Catalyzed by Centre for Innovation Incubation andEntrepreneurship in October 2009
y an initiative by Mentors and Experts across India toprovide hand-holding, mentoring and networking support
to innovative start-ups.y country wide structured network of mentors aimed at
helping aspiring entrepreneurs through advisory supporton various strategic and operational decisions.
y presence in eight major cities of the country
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CIIE
y provide incubation and investment support only to"technology" start-ups
y ticket size for investment in start-ups is typically 5-50lacs
y send your business plan to [email protected]
y Max 10 slides covering Problem you are solving, Yourvalue proposition(customer problem) ,What enables
you(differenciation),
Your revenue model,
Sales andMarketing Strategy, Management Team , Financialprojections
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