Neotec Hub Global is a Marketing Incubation Program best suited for Startups or small/medium size companies based outside India. The companies which qualify are ones that have already developed a product/service and are looking to explore India as a potential market. For many such companies, the natural progression to any other global market is not an option due to lack of local/cultural knowhow, too much competition, inability to hire locally, or regulatory issues (typically in industries like healthcare etc.). Other companies need a large amount of data to analyse and fine-tune their algorithms. For such companies, the current Indian market provides a lucrative opportunity because of its size, diverse culture, english speaking population, progressive government policies and other such enabling factors.
These companies are, however, apprehensive about the ease of business issues in India and need a strong Indian partner who can hand hold them and give them a soft landing. We offer this partnership and opportunity to global companies via the Neotec Hub Global programme.
The startup company or SME from abroad will be provided an opportunity to get into a JV with another startup from India and Neotec Hub.
The startup from abroad will be responsible for the technology transfer while the startup from India will be responsible for the execution of the product/service.
Neotec Hub will facilitate the formation and kickstarting of the JV and provide all legal & compliance related support.
Neotec hub will provide the following :
- 1. Services of Mentorship
- 2. Access to businesses as first customers
- 3. Funding, Space & Infrastructure and in lieu of the same, take equity in the Indian entity of the international company
For the JV, it is best that an LLP (Limited Liability Partnership) Company is formed.