The Neotec Hub Incubation Program

Stage 1 (6 months)

The Outreach is a constant process and applications from interested startups are received on a continuous basis. A batch of 10 new Startups is chosen every 6 months, from the applicants after detailed evaluation. Each startup is given a basic program structure along with an agreed upon milestone to be achieved. The milestone varies for each Startup and is specific to their current state. At the end of the period, a panel evaluates the batch and selects those that achieve the milestones agreed. The Startups who perform well are selected for the next stage.

Stage 2 (6 months)
An intense Incubation Course is designed for each of these startups in which a dedicated Mentor from the Ambuja Neotia Businesses is assigned to the startups so that the product gets suitably developed and vetted.The chosen Startups get funding against equity. The teams will again work for a target milestone that has been mutually agreed upon. It is expected that at the end of this Stage the start-up company will have a product which is tested and vetted by Ambuja and can now take the product to other customers with our validation and support. Networking sessions with Corporates, Investors, Mentors, and Experts will be arranged regularly.

Startups who are not selected to the next Stage will remain in the Incubator and get one more chance to clear the Stage after 3 months along with other start-ups. Startups who cannot move to the next stage even after 6 months will make way for new startups.