Virtual incubation

Virtual incubation

To accommodate the demand and to meet the unique needs of certain segment of startup companies, the incubator will have a virtual incubation program whereby the companies that do not get physical space or incubator facilities. This will also be one of the ways in which the incubator will maintain a healthy pipeline of potential incubatee companies. This program provides remote support to startup founders and their teams, to develop their ideas into commercial ventures. The support will be in terms of advice, referrals, access to AIC-NIFIE’s services, mentor network, and funding schemes. In addition to the above, the startups will be considered as fully incubated with AIC-NIFIE and they can use AIC-NIFIE’s logo for their visibility.

The program will focus on specific support as follows:

1. Advice will be provided on areas of:
   1. Idea validation,
   2. Technology assessment,
   3. Customer Discovery,
   4. Business Plan (Business Model Canvas, Value Proposition Canvas) preparation,
   5. Financial Planning
2. Explore possibilities of grants and funding for the startups at their current stage.

AIC-NIFIE will support the founder and startup team in following aspects:

1. Business mentoring for the business planning
2. Guidance in applying for various grants
3. Access to Patent attorneys and patent filing organizations
4. Access to company formation organizations
5. Access to networking and other events of AIC-NIFIE for startups

Program duration

The program duration will be one year initially and can be extended on request for additional one year.