NEOTEC HUB INCUBATION PROGRAM
Stage 1 (3 months)
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. In the period of 3 months, they are required to finalise the business plan, understand the cash flow for the next 5 years, have a visibility of funds and support required for Go-to-Market, making the venture Investor-Ready, making monthly milestones and then designing a customised program. 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.
Startups who are not selected remain in the Incubator and get one more chance to clear the Stage 1 after 3 months along with other Startups. Startups who cannot move to the next stage even after 6 months will make way for new Startups.
Stage 2 (9 months)
An intense Incubation Course is designed for each of these startups so that the product gets suitably developed and validated. Neotec Hub helps startups at this stage to raise any seed funding required by connecting them to its ecosystem of partners and business associates. The teams will collaboratively work for the target milestones that are mutually agreed upon. It is expected that at the end of this Stage the Startups 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. A Pre-Series Round is likely to happen at the end of the Incubation Program. This phase is the Acceleration Phase for the startup at Neotec Hub. Here we work with mature startups with consistent monthly revenues, who need immediate growth capital to scale and grow exponentially. Typically, these startups have the opportunity of a Series A or the visibility of a Strategic Investor post scale.