icreate, Gujarat based incubator set up through public private partnership, has started inviting applications for its 13 week second incubation batch which is to be commenced from June 13, 2013.
icreate (International Centre for Entrepreneurship and Technology) is working with the aim equipping aspirants with the right entrepreneurial skillset, mindset and toolset; at the end of the Grooming phase, applicant shall have the choice and the opportunity to craft and pitch a project plan for subsequent incubation at icreate. Aspiring entrepreneurs with or without a project idea or team can apply for the the program. A security deposit of INR 35,000 is to be given for the Grooming program, which shall only be returned if at the end of the Grooming program one choose to pitch a project idea and get selected for Post-Grooming Incubation.
Grooming: The program will be helping candidates to generate and convert business ideas into viable business plans to create new technology.
Incubation: It will facilitate the incubation of the business idea and convert the idea into feasible concept to acquire customer.
Mentoring: Guide and share the efforts of creating new ventures with potential entrepreneurs.
Networking: To add value to each phase of venture creation process right from inception of idea to creation of venture.
Angel funding: It will be helping to provide seed or early stage funding.
icreate’s model is based on shared success and is working more like partner than a third party facilitator for this it engages and make the aspirants participate throughout their entrepreneurial journey instead of merely facilitating them from the outside.
It also has a Spark-up Idea Fund which is designed for students who have a an idea for a for-profit or non-profit enterprise, and are looking to capitalize on it. Up to 50 most deserving ideas from Gujarat will get up to Rs. 50,000 each to take the idea to the next level. It has been guided by an advisory board led by Shri N. R. Narayana Murthy, Chairman Emeritus Infosys, Bengaluru
The first batch had commenced from March 2013, with aspiring entrepreneurs coming from diverse fields of, IT, telecom, BFSI, consulting, chartered accountancy with experience of 10-20 years.