We encourage you to contact the business incubation team if you want to be either a
cofounder of a Start-Up. You can also volunteer for our Incubator.
What are the roles/ responsibilities of the idea owner and incubation core
team? What support does the business incubation team offer to potential
The below table maps the roles/ responsibilities of the Incubate and incubation core
team with the relevant support offered by the business incubation team:
About each stage of Business Incubation process
If you have a great idea, submit your idea(s) here . Once you have filled the
application form for the idea, based on the potential of the idea the evaluation
committee will either accept the idea to move to the next stage or reach out to the
idea owner to further build on the idea. The apply link in the website is open all
through the year. Apart from this, there will be campaigns organized to address a
• Incubation and Prototyping
Once the idea is approved for incubation during the idea review meeting, the idea
owner needs to form a core team (with support from the incubation team).
Thereafter, the core team works together full-time over a duration of 3-6 months to
derive a comprehensive business case/ business plan.
The MVP Validation phase will be 5 intermediary stages such as:
Early Customer development
Execution plan to validate the Minimum Viable Product.
Customer validation of MVP
The business case is reviewed by the investment committee (comprising of Venture
team, relevant business owners to determine whether the incubation receives initial
seed money from the committed seed fund. The amount of seed money depends on
the scalability of the business plan presented by the core team.
There could be grants from Government or other organisations which can be availed
by the Start-Up’s. We will facilitate the process according to the regulations of the
Next Level growth
After raising initial seed money, the newly formed venture (former incubation core
team) works like any start-up striving to grow and meet the needs from the investors.