Frequently Asked Questions
AIC ISB’s Incubation Programme is of 6-12 months duration.
A startup with a validated business idea (POC) and looking for:
– Assistance with Go-to-Market Strategy
– Mentor engagement and strategic guidance
– Industry connects with leading corporates
– Assistance in scaling-up
– Assistance with funding
The Programme is open to high impact startups across various sectors but not limited to:
Infrastructure | Manufacturing | Healthcare | Agriculture and FoodTech | Sports| Tourism
The application process begins with startups submitting an online application. Once received, the internal team reviews it as soon as possible and shortlists the startups depending on merit of proof of concept, relevant experience, level of commitment and overall fit with the offerings of the incubation programme. Following this, in depth analysis of the application is done by an external committee which includes industry experts. As a final step, startup selection is done and onboarding formalities are initiated. The entire selection process is a 3-4 week journey starting from submitting the application form.
We are flexible about it, but In order to achieve most out of the programme, we expect considerable time to be spent with the founder(s) and the founding team.
AIC ISB charges an equity of upto 3% in lieu of the services opted.
During the incubation period, startups are made investment ready and depending on the requirement will be given access to relevant investors (ISB Angel Network and external investors).
The startups get an opportunity to meet face-to-face with mentors as well as connect virtually with them. Depending upon the startup requirement, our team will facilitate the access of industry mentors who are expert in their respective domains.
AIC ISB allows upto 5 team members per startup to avail its 24×7 state-of-the-art facility. A dedicated seat is given to each member at a cost of Rs. 4500 plus taxes per month, which includes access to the entire workspace, meeting rooms for conducting presentations and business meetings, high speed wifi, unlimited tea/coffee, dedicated free parking facility, reception service and access to curated service providers.