Upcoming Events

https://www.iimklive.org/livesss

IIMK LIVE, business Incubator and Entrepreneurship Development Center of IIM Kozhikode invites applications for LIVE SSS (Seed funding program for startups).Seed Support fund is a startup seed fund sanctioned by Department of Science and Technology, New Delhi under the scheme NIDHI- Seed Support Fund. (NIDHI-SSS)


Following start-ups are eligible for seed support under this policy
·         Start-up is being incubated or agree to be incubated IIMK LIVE as per admission and incubation policy of IIMK LIVE.
·         Start-up should be a registered company in India
·         Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
·         This scheme is not meant for Indian Subsidiaries of MNC/Foreign companies.
·         The shareholding by Indian promoters in the incubatee start up should be at least   51%. 


Mode of disbursement of seed fund
The seed fund can be disbursed in the form of
·         Debt ( Soft Loan)
·         Equity
·         Equity & Debt combined


Quantum of Funding
·         Maximum upper limit of funding is 1 Cr
·         Average funding ticket size is Rs 25 Lac


Broad Areas and Items to be covered under the Seed Support
The start–ups would be supported primarily for the seed support including for:
·         Product Development 
·         Testing and Trials 
·         Test Marketing and Market Research
·         Go-to Market actions
·         Production and Operations activities
·         Mentoring & Professional Consultancy (To attract professors/experts from institutions to work with startups) 
·         IPR Issues 
·         Manpower for day to day operations 
·         Any other area as deemed necessary and recommended by  Seed Support management committee


Selection of Incubatee Startups for Seed Funding
·         Announcement for call for applications.
·         Short listing the applicants as per eligibility criteria
·         Shortlisted applicants will be invited for final pitching in front of Seed Support Management Committee


Other terms and conditions
·         Fund sanctioned to startups will be disbursed quarterly in tranches
·         Startups selected under this program will be part of the Business Incubation program of IIMK LIVE
·         Startup once supported under NIDHI- Seed Support System (NIDHI-SSS) will not be again supported in this scheme.
·         Funds will be provided as soft loan at interest rates below market rate or against equity as specified in the term sheet.
·         IIMK LIVE doesn’t guarantee funding under this scheme, because funding mainly depends on the performance of startups and the progress achieved against the milestones set by the panel.
·         As per this scheme startup cannot be funded without completing 3 months of incubation program.

https://makermela.com/

Maker Mela is Asia's Largest Platform for Makers and a premier event for grassroot innovators around the world who are looking for a platform to showcase their projects to a larger and more diverse crowd. Maker Mela is an initiative of Somaiya Trust & Somaiya Vidyavihar; organized by riidl. riidl is a Technology Business Incubator and Innovation Centre supported by the Department of Science & Technology; BIRAC, Govt of India & MSInS, Govt of Maharashtra.



In 2021, Maker Mela initiated a virtual community platform for makers [makermela.com] to exhibit their innovations. Projects of more than 100 Makers from over 15 countries were showcased on the Maker Mela platform & received a traction from 12.5k+ audience from over 83 countries including 750+ cities across the globe. Makers can apply from all age groups and various categories like Art, Craft, Technology, Biotech, Environment, Gaming. 



Benefits for Makers:

- Best Makers wins cash prizes & vouchers worth INR 1 Lakh

- Pitching Session for shortlisted makers & connect to investors

- Access to grants upto INR 10 Lakhs per innovator

- Incubation Support [Help in Legal, Financial and any other incubation services]

- Access to seed fund upto INR 1 Crore

- Access to deals like Google Cloud credits worth 3000 USD, AWS credits worth 2000 USD, Notion credits worth 1000 USD & PayTm Mini App Program enabling to scale B2C offerings

- Access to Labs [Fablab / Biolab / SMAC lab / XR lab]

- Online Media Outreach

Download Brochure

http://iimlscifi.org/mdp-for-social-enterprises/

Dear Incubators,

New Year Greetings from IIML-SCIFI!

Delighted to share that IIM Lucknow-SCIFI is organizing a 3 day MDP program on STRENGTHENING SOCIAL ENTERPRISES FOR LIVELIHOOD PROMOTION for Social startups, budding entrepreneurs and enterprises, who are engaged livelihood generation and created impact on ground. The program is scheduled during February 2-4, 2022 at IIM Lucknow

Last date to apply: January 21, 2022 (Friday) by 23:59 IST

Registration Link:  https://tinyurl.com/mrf6pyma

Download brochure & more information please visit: http://iimlscifi.org/mdp-for-social-enterprises/

Requesting to disseminate the information with in your incubator space and social channels for enthusiastic participation from the social startups..

Note: 
*Program is scheduled offline, but in the surge of Covid19 session can be switch to online.
* Please go through the brochure before apply to the program.

For any query write us on: scifi@iiml.ac.in | +91-522-6696387

Thanks & regards,
Team IIML-SCIFI

Download Brochure