Programs & Projects
The Incubation and acceleration
Core Services Include
Selection is dependent on a justification and review process.
Selection is dependent on a justification and review process.
Selection is dependent on a justification and review process.
• Mission and Vision Alignment
• Tracking Sectoral Expertise
• End user Understanding
• Building Value Proposition
• Understanding Benchmarks and Competition
• Technology/Product/ Refinement
• Lab and Field Testing
• Manufacturing Processes and Set-up
• Dissemination Models Strategies for Impact and Scale
• Pilots for End user Segmentation, and Market. Channel Development
• Partnerships, Networks and Linkages
• Sales, Marketing and Communications
• Team Building
• Operations
• Evaluation of type of Capital Required
• Business Plan Development
• Strategic Pitch Support
• Ecosystem Building Inputs Provided
• Support in Securing and Managing
• Appropriate Funding/Investments
- A startup can benefit from the range of procedural support spanning across marketing, business development, legal and compliance, R&D strategies, product development, intellectual property, business operations and management.
- In the initial stages of growth, a startup with limited manpower, may not have the luxury of dedicated functions to take care of different business requirements.
- Our procedural support services offered through inhouse expertise and tie-ups with various service providers provide an entrepreneur the choice to focus on areas such as innovation, funding and market entry, while using our support for other services.
- A range of advisors offering specific services are available and every effort is made to match the right advisor to the specific needs of the startup.
- Website Development
- Logo Designing
- Marketing material: Flyers, Presentation, Business cards
- High-speed Internet access
- Computers & Printers
- Mentoring: Our mentoring services include access to experienced industry experts, successful entrepreneurs, and academic professionals. They provide personalized guidance to help you refine your business ideas, develop effective strategies, overcome challenges, and achieve sustainable growth.
- Networking: We provide access to a dynamic network of professionals, investors, and collaborators. Leverage our ecosystem to build valuable connections, explore partnerships, and expand your opportunities.
- Funding: Funding is a critical component for transforming innovative ideas into successful ventures.
Schemes
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STEM
Skill to Enterprise Model (STEM) is a joint Initiative of CIED IUST Foundation and SIDBI.
Info
Skill to Enterprise Model (STEM) is a joint Initiative of CIED IUST Foundation and SIDBI where 30 participants with a business idea and skill were selected through a rigorous selection procedure for a 6 month Diploma course. CIED-IUST Foundation supports and nurtures entrepreneurs by providing quality mentorship, incubation, and handholding. The Diploma in “STEM (Skill to Enterprise Model)” program for Youth in J&K is an initiative by the Islamic University of Science and Technology (IUST) aimed at fostering entrepreneurship and innovation among the youth of Jammu and Kashmir. STEM in this context stands for the integration of skill training with entrepreneurial development, turning skill-acquired individuals into successful entrepreneurs. The program recognizes the critical need for bridging the gap between acquired skills and their application in creating business ventures.
Structure
The STEM program at IUST is structured to provide comprehensive training through both academic and practical experiences. The course includes:
Academic Training: A minimum of 300 hours of classroom teaching spread over five modules, covering topics from understanding the business environment to managing human resources and finances. Out of the 300 hours, 225 hours shall be delivered by industry professionals, and 75 hours by university faculty.
Industrial Exposure: At least 100 hours of practical industrial exposure where participants visit various industrial estates and learn firsthand from established businesses. This practical orientation helps in understanding real-world business challenges and solutions.
Mentorship Program: A one-year mentorship program post-diploma where participants receive continuous support from industry professionals, government officials, and experienced entrepreneurs. This phase includes guidance in business registration, preparing Detailed Project Reports (DPRs), and securing funding.
Exposure Visits: Visits to industrial houses and estates to gain insights from experienced entrepreneurs and understand the operational aspects of various industries.
Pilot Batch and Scaling: The program starts with a pilot batch of 30 participants, with plans to scale based on the success and maturity of the processes.
Support
Overall, the Diploma in STEM program by IUST is a comprehensive initiative designed to empower the youth of Jammu and Kashmir with the necessary skills, knowledge, and support to become successful entrepreneurs, driving economic and social development in the region.
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DST NIDHI
The Department of Science and Technology (DST) of the Government of India's National Initiative for Development and Harnessing Innovations (NIDHI) program includes the Inclusive Technology Business Incubators (i-TBIs).
Info
NIDHI iTBI DST scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization to enable these startups to graduate to a level where they will be able to raise investments successfully and expand their businesses sustainably in competitive markets.
Eligibility
Ignition grant funds cannot be used for the following:
- Payment to the grantee or their relatives.
- Repayment of pre-existing loans or commitments.
- Rent or creation of infrastructure, movable property, or permanent facilities.
- Support for other professional pursuits as a stopgap.
- Projects focused solely on software development, e-commerce, service solutions, or app-based solutions.
- Funding research or student internships.
- Proposals for products that have surpassed the prototype stage.
- Startups with an annual turnover exceeding Rs 25 lakhs or those existing for more than 2 years are ineligible, along with any other criteria set by DST i-TBI CIED-IUST.
Support
NIDHI iTBI DST scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization
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DPIIT SISFS
The Startup India initiative, launched by the Government of India, envisions creating a robust startup ecosystem that nurtures innovation and offers ample opportunities for budding entrepreneurs across the country.
Info
A key element of this initiative is the Startup India Seed Fund Scheme (SISFS), a program designed to provide critical financial support to early-stage startups in India. The scheme, introduced by the Department for Promotion of Industry and Internal Trade (DPIIT) on April 19, 2021, comes with a substantial budget of INR 945 Crore. The SISFS aims to help startups bridge the funding gap during their crucial early stages by offering seed capital, thereby facilitating the development and scaling of innovative business ideas. By empowering entrepreneurs with necessary resources, the scheme seeks to transform ideas into successful ventures and stimulate economic growth.
Eligibility
A startup recognized by DPIIT Incorporated not more than 2 years ago at the time of application Startups should not have received more than Rs. 10 lakh of monetary support under any other Central or State Government Scheme.
Support
Empowering entrepreneurs with necessary resources, the scheme seeks to transform ideas into successful ventures and stimulate economic growth.
User & Market Research
End user Understanding
Product Development
Lab and Field Testing
Business Model Development
Partnerships, Networks and
Linkages Elegance
Sustainability & Growth
Strategic Pitch Support