Deadline: 31-Oct-22
Applicants are now invited to submit their applications for North East Entrepreneurship Development Program (NEEDP), an initiative of NEC (North Eastern Council) implemented in association with IIM Calcutta Innovation Park, aimed at creating an inclusive entrepreneurial ecosystem that can help foster, Socio-Economic Development and Employment Generation in the North East region.
As a part of this initiative, North East Entrepreneurship Challenge (Hunt) is being organized for existing and aspiring entrepreneurs across all the eight states of North East to identify a target group of 270 entrepreneurs through a systematic, transparent selection process ensuring representation from each state. These startups will be taken through incubation (for revenue stage startups) and pre-incubation (for pre revenue stage startups) programs – which will help them to commercialize and grow their businesses.
Benefits
- For Incubation group: Rs 3 lakhs commercialization grant for 120 startups, additional Rs.7 lakhs for top 20 performers
- For Pre-incubation group: Rs 1 lakhs prototype grant for 150 startups, additional Rs.4 lakhs for top 25 performers.
- Connect to strong network of mentors drawn from pool of seasoned entrepreneurs, angel investors and people from senior managerial level in corporate sector.
- Access to structured incubation curriculum: Bootcamps and knowledge sessions will be conducted by speakers drawn from the IIMC faculty, alumni, ecosystem partners and domain experts.
Eligibility Criteria
- Pre-incubation
- The applicant must be a citizen of India.
- The applicant must be a permanent resident from any of the 8 North Eastern states in India.
- The applicant should have an idea or a working prototype with commercial viability.
- Incubation
- The applicant must be a citizen of India.
- The applicant must be a permanent resident from any of the 8 North Eastern states in India.
- The applicant should either be at early revenue stage or should have established a Proof of Concept for the business model.
- It is mandatory for at least one of the applicants in the team to work full time on the business.
For more information, visit https://www.iimcip.com/needp/#Contest