Prof. Dheeraj Kumar Chairperson, Dean (Innovation, Incubation & Entrepreneurship)
Prof. Niladri Das HOC,CIIE and Associate Dean (I&E)
FREQUENTLY ASKED QUESTIONS ?
1. How do incubators help startups ?
Infrastructure Support:
Credibility:
Funding:
Mentoring:
Peer knowledge sharing:
Transport:
2. How helpful are startup incubators?
An incubator is set up to reduce the chances of failure of early-stage startups and it helps in the economic viability and growth of startups that it supports. Therefore, incubators are set up to create sustainable and strong entrepreneurial support infrastructure and enable young innovators and entrepreneurs to find the necessary support and resources to build successful startups.
3. When is a startup / idea ready for an incubator?
A startup can connect with incubators even at the Idea Stage or Execution Stage. If you are at the Idea stage then an incubator can help you validate your idea or can help you come up with a Minimum Viable Product (MVP). Even help you to build a Business & Financial Model. An Idea is the first the main step is execution, not only the execution but the right execution is needed. The Startup at the Execution stage can get a lot of help from Incubators in terms of connection, Building Sales Funnel Raising Funds.
4. Do I need to have a working product to apply for funding from CIIE
No, applicant would be required to fill in an application form and furnish details about their enterprise or idea alongwith justification on how they were working /planning to work towards innovation, development or improvement of products or processes or services that would translate into a scalable business model with a high potential of employment generation or wealth creation.
5. What does incubation mean in a startup?
In the startup world , when you start an entrepreneurship journey you need an incubator where the experts will mentor you in the entrepreneurship journey so that you are healthy enough to scale in the business world & be succesful Or in other words, it is a helping hand to get you on your feet.
