Programme Details

Description

IIM Mumbai Incubator, AIC-NITIE Incubation Foundation for Innovation and Entrepreneurship (AIC – NIFIE), is inviting sector agnostic startups applications for incubation.

Applications are invited from aspiring entrepreneurs, who have novel and commercially viable ideas to establish their idea/project/office in the AIC-NIFIE, IIM Mumbai.

Eligibility Criteria:

• Your startup must be registered as a Private Limited Company or LLP.
• Your product should be at the Proof of Concept/Lab demonstration/Prototype stage.
• You have not raised more than ₹1 Crore in funding previously.
• Patents or copyrights preferred.

Benefits and Services offered:

• Seed funding support up to Rs 5,00,000/- will be provided to the selected projects based on their merit in terms of novelty, feasibility, scaling, commercial viability etc. Other non-funded selected startups may be accommodated as self-financed entities.
• Business Mentorship
• Access to Entrepreneurship events
• Networking and industry connections
• Air-conditioned office space and associated infrastructure

Procedure:

• Each startup team must submit the startup details with their pitch deck in the link given below.
• Startups will give presentations of their proposal in front of the selection committee.
• Each selected startup must sign an agreement with the AIC-NIFIE, IIM Mumbai and submit the required documents in case of selection.

How to Apply: