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INCUBATION

Nishank Incubation and Innovation Center

The center for entrepreneurs to learn, network
and accelerate.

The nine month Incubate program is ideal for fledgling companies looking to kickstart the initial stage of their startup journey.

The programs offers access to deep and wide-reaching network of investors, mentors, industry experts, and enterprises, which the startups can leverage to fast-track their growth and advancement. From providing a physical workspace to expert guidance and unparalleled networking opportunities, the Incubate Program is the ultimate place for entrepreneurs to learn, network and accelerate.

If you are interested in the program but are not looking for a physical place, do not worry. The program is open for startups looking for virtual incubation too.

 

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NIIC bhopal incubation centre
PROCESS OF EVALUATION
Once a startup submits the application , he/she will go through three rounds of evaluation.
  • 1.

    The information shared in the application will be the sole consideration for the round 1 of screening.

  • 2.

    This will include a telephonic or a physical meeting with the founders to assess them on Team Capabilities, Relevance of experience, Product Stage/type, business proposition, Opportunity size etc.

  • 3.

    The final selection round will be presided over by the steering committee members consisting of investor, technology head from a corporate, government representative .

All the startups will be informed of the status of their application via email at the end of the evaluation.
EVALUATION CRITERIA
  • Team

  • Product Market Fit

  • Scalability

  • Go to Market Strategy

  • Innovation Index

  • Sustainability

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What to expect

Here’s what startups can expect to receive through the Incubate program.



Partner Network Access Startup Kit Workshops Sessions by Successful Founders
Members will have access to our deep, wide-reaching network of investors, mentors, industry experts, and enterprises, which can be leveraged to fast-track their growth and advancement. The startup kit is a key offering that includes unmatched free credits from our partners, including Google Cloud, Amazon Web Services, Digital Ocean, and others. The kit is purpose-built to give startups a boost and support their efforts to get to the next level. Workshops on a set of topics pertinent to startups are covered in the program. Major topics covered include: Design Thinking Customer Validation Go to Market How to pitch Legal/Accounting Product Management Sales (B2B) Growth Hacking Technology and Domain
  • Design Thinking
  • Customer Validation
  • Go to Market
  • How to pitch
  • Legal/Accounting
  • Product Management
  • Sales (B2B)
  • Growth Hacking
  • Technology and Domain
  • specific workshops
Successful startup founders from various domains are invited to share their experiences and interact with member startups. These are informal gatherings of alumni and current startups from our program.

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VIRTUAL INCUBATION

Our Virtual Program is designed to help growth-stage startups that have their own workspaces take their business to new heights. The program creates the optimal environment for such startups to scale up by providing support in the form of a startup kit, and connecting the company with our widespread network of evaluators and mentors, who are also investors, accelerators, and industry veterans.

As one of the largest of its kind, the Virtual Program receives a significant number of applications. Intake occurs twice a year, and selected startups will be enrolled in the program for a period of five months. Details of the program cycle are as follows:

Time Period Process
January - February Batch 1 – Evaluation, selection, and onboarding
March – June Batch 1 – Program duration
July Batch 2 – Evaluation, selection, and onboarding
August – December Batch 2 – Program duration
ELIGIBILITY CRITERIA

Startups in the growth stage that have a reasonable amount of traction with a product already out in the market may apply for the Virtual Program.