Deadline: 30-Apr-22
The IIM Lucknow Enterprise Incubation Centre’s (IIML EIC) Deeptech and IoT Accelerator Program is now open to support early-stage, growth-driven companies working in DeepTech and IoT and accelerating their product development.
It is for the first time that the two premier institutes of higher education have joined hands to accelerate the startup ecosystem with each bringing its unique and unparalleled strengths to the joint accelerator program.
The core offerings of the joint program will enable the selected startups to validate their technology, achieve better product-market fit, become market-ready ventures, design scalable and sustainable business model, streamline the fundraising approach, achieve market validation through pilots and access the Market and Investor network.
Incentives
- Tax Incentives
- The selected startups will get assured funding of 5 Lakh. The funding amount can go higher depending on the potential and need of the startup.
- Non-Tax Incentives
- Tailored mentorship and support from the best of the industries.
- Capacity building through various programs by IIM Lucknow and IIT Kanpur experts.
- Access to funds, Investors, and funding agencies.
- Strategic alliances and corporate connections.
- Opportunity to expand into global markets.
- Access to world-class research and technical lab facilities.
- Office space for six months.
- Special Incentives
- The selected startups will get a chance to expand their business and operations in the international market.
Eligibility Criteria
- Should be a registered entity with a 51% stake held by the Indian Founder/Director.
- The venture/startup/company should be working in the Deeptech, Industry, IoT, and Emerging Technology sectors.
- Should have at least a proof of concept or working prototype.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/accelerator-program.html?applicationId=62502451e4b0e4f8d27b1e2d