Deadline: 30-Nov-21
The Startup India is inviting applications for the StepUp Ventures Incubation Program for entrepreneurs from minority and lesser privileged communities.
The program is founder immersive, inclusive and is a diverse virtual Incubation program for Early Stage, Product ready startups; with an opportunity for the entrepreneurs to scale, grow their ventures and be investor ready with the help of their mentors, industry experts, and corporate partners.
Incentives
- Fiscal Incentives
- Fundraising:
- During the program you will learn how to run an effective fundraising process, how and when to talk to investors, and how to effectively tell your story.
- TSUV shall invest up to INR 10 lakhs in some of the qualifying ventures and the startups are provided an opportunity to pitch the story and idea to their Network of Investors, Angel Funds, VC’s etc in the form of a Demo Day/Investment Day.
- Perks & Benefits:
- Amazon (AWS) – Credits worth $5,000
- Google Hosting – Credits up to $100k
- DigitalOcean – Credits Up to $10k
- Freshworks – $10k across suite
- IBM Cloud Credits – $120K
- Fundraising:
- Non-Fiscal Incentives
- Coaching & Training:
- A tailored 3 Month program with monthly checkpoints to make the incubation program more action oriented. Access to trainers, startups tools and templates would be provided that would not only help the startup become investor ready.
- They recognise that you are trying to run a business and their program will allow you time to reflect and implement the learnings in your startup.
- Mentorship:
- Access to TSUV’s team of seasoned entrepreneurs, experienced investors, and individuals with considerable expertise in their field to give feedback and offer guidance. A dedicated mentor offered during the journey of the program to make the coaching and training actionable, providing the roadmap to scale-up.
- Network Access:
- TSUV network consists of Startup Accelerators, Funds, Corporates and many more organisations. TSUV provides an access to over 25,000+ Industry Leaders, Accelerators, Funds, Investors, Mentors, service providers and subject matter experts.
- Learning with other startup founders who are faced with similar issues and are at a similar stage in their growth journey provide insight, context and a great experience in addressing their challenges.
- Culture:
- TSUV culture is best described in one hashtag: #ScaleupBharat. This means a focus on solving the challenges of the real Bharat and understanding its needs. They want to push you past your comfort zone and take your startup to the next level by collaborating, incorporating creativity, taking risks, embracing failure, implementing transparency, and being agile. You will work hard, but have fun in the process.
- Coaching & Training:
- Special Category Incentives
- The program is India’s 1st ever Minority Focused
- Understanding the nature of issues and lack of resources and opportunities in building and scaling a startup by a Minority founder, their program has been customised keeping in mind the Sensitivity, Efforts and Time required for helping the entrepreneurs by hand holding them.
Eligibility Criteria
- At least 1 Founder in the team from Minority community or SC/ST or Women
- As defined in Constitution of India – Muslim, Sikh, Christian, Jain, Zoroastrians, Buddhists, others
- Early revenues And/or
- An MVP with initial customer traction
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/incubator-program.html?applicationId=615c7198e4b08fb41b684420
