UDGAM, a Delhi based business incubator and seed fund investor just recently announced that it is inviting applications from early stage startups for its 3rd batch of Incubation program starting in August 2017.
UDGAM aims to provide milestone based learning, focussed on deep business methodologies delivered through workshops conducted by mentors, industry experts and successful entrepreneurs.
What does the program offer?
The program will be conducted at UDGAM’s startup hub in Gurgaon. Selected startups will move to the hub for a period of 6 months. Each selected startup will receive $10k worth of seed funding along with free credits from AWS, Msg91 and other sponsor partners. Startups will also be able to utilize subsidized services from service partner networks such as Lexorbis, Profit Books, Shyplite etc.
During the program, startups will be required to focus on their propositions by perfecting their business models, products, market strategies etc. The program structure is segregated into 6 milestone based modules to help startups through all stages from initiation to launch of the product/service.
Global mentorship sessions will be provided to startups through union platform along with networking opportunities with investors and angel funds during the program. In the course of the program, startups will build peer to peer connections as well as interact with alumni cohorts while working on campus.
The program will conclude with a demo day for startups to present their ventures to investors in order to secure more funds.
Selection Criteria –
Interested startups that are close to building their MVP or already have the MVP ready will be considered. The startup idea should be technology oriented and scalable in B2B or B2C space. The founding team should have the capabilities & required expertise to execute the idea and have a vision for its growth. Prime focus will be on startups which require extensive mentoring and networking support in order to build and launch their products. It is mandatory for founder/s to work out of UDGAM’s Gurgaon startup hub during the program.
The applications will be reviewed in the month of July and shortlisted candidates will be called for final round of meeting with founding members of UDGAM and their investor partners.
UDGAM aims to incubate 10-12 startups in each cohort and the selection ratio reaches almost 1:30 during the registration phase. Apply early so that more time can be devoted to your application.
UDGAM was initiated in the year 2015 by Mr. Manish Gupta, Chairman, JIMS. With an endeavour to visibly contribute to the economy and encourage the startup culture nationwide, the incubation program nurtures, grows and sustains promising startups.
Previously, it has successfully incubated more than 11 ventures through 2 cohorts spread across varied verticals covering Consumer Internet, Edutech, Technology and Entertainment. Apart from this, they have strategic alliances with various national & international bodies and individuals for providing support to cohorts.
All the startups previously incubated are currently active and functional. Many of these startups have been further invested into.
The application process has already begun and the programme will commence in Aug, 2017.
To apply, click here
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