Process

Incubation Process:

Application for incubation –A formal expression of interest for incubation along with the business plan needs to be submitted

Selection of incubatees – A multistage process – the initial levels of screening done by the SNU-UDYOG Management Committee.

Incubation Agreement – On approval of incubation support , the startup needs to sign the incubation agreement with SNU-UDYOG. It is mandatory for the startup to form a for-profit company before signing the agreement.

Incubation Support – All the facilities mentioned on the facility page are made available to the incubatee. The incubatee is expected to interact with the assigned mentors on regular basis.

Ongoing Monitoring – Incubatee to submit monthly progress report and detailed quarterly report. A monitoring & review committee comprising of faculty, alumni, entrepreneurs and investors reviews the progress every quarter and advices on the way forward.

Incubation Period – On becoming self-sustainable, on raising funds to finance expansion plan, on selling the venture to larger company, on expiry of the incubation period.

Selection Criteria:

SNU-UDYOG is looking for early-stage entrepreneurs / start-ups with innovative ideas having a prototype or proof of concept which can become fundable or self sustainable in 12 - 18 months time.

There is a special interest in ventures offering technology enabled solutions with a social impact. Healthcare, Education, Clean Energy, Analytics, Lifestyle, IOT are the preferred domains.