Financial aid: Upto 10 lakhs
Duration: 18 months
Access to labs and libraries will also be provided
Mentorship through SIIP
Networking, participation in various startup / entrepreneurship-based events at SID
Access to STEM, CORE and TIME2 ecosystem at IISc
- Business plan
- Clear road map for commercialization
- Investment from strategic partner or from autonomous business sources
- Applicant’s own investment & full time commitment
- IP Potential
- Technical Feasibility
- Business Viability
- Environmental Sustainability
- Customer Desirability
The applications received under the program, are subject to due diligence of screening process. Only shortlisted participants will be notified/ informed about the final presentation to the monitoring committee.
Screening will be subject to the parameters other than the eligibility, such as Innovation, Potential for commercialization and venture creation, Team capability and Commitment etc.
The decision of the screening committee for approval and funding support will be final, firm and binding.
The final decision of screening committee will be communicated only to the approved applicants via email.
The approved applicants will have to agree for Pre incubation/ Incubation with TIME2, SID as per its incubation policy/terms.
Screening of applications will take 6-8 weeks, from the date of closure of online applications. Only selected candidates will be notified. No communication from SINE within the timeframe may be deemed as non-selection of your application for the program.
SID will not provide any suggestion/explanation with regards to the applications that are not selected.