Considering the start-up challenges we have designed three innovative model for providing incubation support to the potential start-up companies and MSME.
Noida Institute of Engineering and Technology has created a corpus of SEED FUND and further invest in the incubate companies. The percentage of total equity and other terms can be mutually decided. This will provide incubation support to start-up companies and MSME.
We discount on rent and take certain percentage of revenue which helps start-up companies and MSME in reducing their operational cost in the early stage of their venture. We sign a MoU for 4 years (2 years for incubation period and 2 years for revenue share post graduation).
We charge a reasonable rent per seat from start-ups for incubation space and basic services. For start-ups Rs. 2000 per seat, for growth companies Rs. 3000 per seat, for student start-ups / alumni 50% discount for 1 year from 2nd year the charges will be same
We have designed a very impactful incubation process which keeps us result oriented and focused on achieving the set target of generating employment and revenue through incubation program. This is broadly categorized in three parts pre incubation, incubation and post incubation.
Focused on awareness, entrepreneurial mindset development and preparedness of business plan.
Awareness Activities, Social Networking University Programs, Hackathon Ideathon, Start-up Boot Camp Networking Events
Training, Business Planning, Business Modeling, Prototyping, Teaming Up, Resource Arrangement
Application, Presentation, Evaluation, Short Listing, Selection for Incubation
Focused on Product Development, Enterprise Creation and Customer Acquisition.
Product Development, Start-up Team, Funding, Mentoring, Pilot Run
Go to Market Support, Biz Development, Enterprise Creation
Strategic Alliances, Business Partners’ Development, Customer Acquisition, Brand Development,Team Expansion
Duration: 12months to 2 years
Focused on helping them to scale up.
Help for setting their unit in SEZ, STPI and IT parks.
We engage them and do knowledge transfer for other new start-ups.
Go IPO Support Venture Funding Govt. Tendering International Presence.
Start-up Hunt / IDEATHON Program
This is an annual flagship program for selecting x number of start-ups for providing them incubation support at NIET Incubation center.
Any start-ups can approach us for incubation support 365 days. We select based on the merit of ideas and team of the start-ups and availability of space in the incubation center.
Selection is solely done through a rigorous selection process by an expert selection committee. We screen start-ups based on the following key parameters: