Deadline: 14-Jan-22
Applications are now open for Nexus, India’s Premier Incubation Program.
Nexus is a collaboration between the American Embassy, New Delhi and ACIR to showcase the best of American and Indian Entrepreneurship, Innovation and Technology Commercialization.
Incubators help new companies survive their challenging first years, grow and become sustainable and contributing components of an economic region. Business Incubators provide entrepreneurs wisdom, connections and support as they transform a business model into an actionable business strategy with partners.
Awards and Benefits
- Startups will be given an official certification from Nexus on successful completion of the pre incubation program.
- Selected startups will be offered free incubation space at Nexus for another 8 months.
- After running 14 cohorts for more than 165 startups who have raised over USD $20 million in external funding, they are now recruiting for the 15th Cohort.
- During pre-incubation Nexus offers unparalleled business support, networking and one-on-one mentoring from experts in the entrepreneurial ecosystem.
- Training from international experts from the Indian entrepreneurial ecosystem.
- Although Nexus does not charge any fees for its program, they take their mission extremely seriously and they expect the same from their startups. They like to say “Nexus is free but it’s not cheap!”
What do they look for?
They are a sector agnostic business incubator. They look for startups where they can add the most value by bringing the global best practices of entrepreneurship. They are looking for startups in their early stages of business with a proof of concept/MVP, which undergoing testing with a commercially ready prototype and have some customers during testing phase. Social ventures are also welcome which have a scalable business and sustainable business model. They look for startups that have a clear value proposition and quantifiable benefits. Usually, this will translate into companies with a business to business (B2B) model, but not always. Lastly, applicants must have an innovative component. Ideally startups have a technology/product with a unique market value.
For more information, visit https://in.usembassy.gov/apply-now-to-nexus-indias-premier-incubation-program/