Deadline: 5 August 2023
Applicants are now invited to submit applications for the Innovate Telangana Program to identify and give visibility to top innovative startups in the state of Telangana that will be given support to scale up their product or solution so that they can be elevated to the next level.
To create a culture of innovation and entrepreneurship in the state, it is necessary to nurture innovative startups and provide them with the necessary boost at various stages through T-hub’s 6M’s & 2P’s philosophy.
This initiative is aimed at providing a comprehensive entrepreneurship platform for startups, along with access to mentors, networking opportunities, funding, idea validation, incubation facilities, etc.
About Program
- Value Partner Access
- Angels / VC Connects
- Mentoring by Experts
- Incubation Support
- Grants Support
Eligibility Criteria
- Stage of the startup: The startup should have a clear idea of its product or service, and a prototype or minimum viable product (MVP) should already be developed.
- Scalability: The startup should have the potential to scale rapidly and achieve significant growth in a short period of time. It should have a large addressable market, and its product or service should be capable of generating significant revenue.
- Innovation: The startup should be innovative, with a unique and defensible value proposition. It should be solving a real problem in a novel way, and its product or service should have a competitive advantage over existing solutions.
- Team: The startup’s founding team should be capable, committed, and coachable. The team should have the necessary skills and expertise to execute the business plan, and be willing to learn and adapt to feedback from the accelerator program.
- Market fit: The startup’s product or service should have a clear market fit, and the team should have a deep understanding of its target customers and their needs. The startup should have a well-defined go-to-market strategy, and a clear plan for customer acquisition and retention.
- Financials: The startup should have a clear understanding of its financials, with a realistic business plan and financial projections. The startup should have a clear path to profitability, and be capable of raising additional funding to fuel its growth.
Criteria
- Stage of Startup: Early stage / Bootstrapped
- Type of Startup: Startups/Entity working towards Innovation, Development or improvement of Products or Processes or Services.
- Type of Registration: Private Limited / OPC / LLP / Partnership Firms Registered or Incorporated in Telangana
- Timeline of the Startup: Startups should not have crossed 10 years from the Date of Incorporation/ Registration Certificate as of April 1, 2023.
For more information, visit Innovate Telangana.
