PROCESS

Applications are invited from aspiring students and entrepreneurs with innovative and commercially viable ideas to set up their start-up units at the incubation center. These ideas/plans are contributed through a user-friendly mobile app and validated with the aid of artificial intelligence (AI), industry experts, and faculty members.

The centre assists in establishing proof of concept (POC) from submitted ideas and developing a minimum viable product/prototype (MVP). The centre will further assist in converting them into successful commercial businesses in a self-sustaining manner.

The centre evaluates the viability of the products and services based on various parameters and indicators. The centre also helps provide technical know-how to selected ventures to help them become efficient and competent venture models so that they become eligible for formal funding support from donors, philanthropists, network partners, and investors.

• Shortlisted plans will be submitted to the selection committee.
• The incubation centre makes every effort to ensure the success of the venture.

• To stimulate and support start-up ventures in becoming autonomous and self- sustaining over time, the centre offers an active acceleration programme as well as incubation support to new proposed businesses.
• In addition, VBSPUIIF hosts activities like brainstorming sessions to facilitate rapid expansion.

• We aid the ventures in raising capital. We link firms and entrepreneurs with investors through various fundraising stages, including seed investment, etc.
• Mentors assist and support them in developing a prototype, or MVP, and further assist them in conducting a POC and running a pilot of their business with corporate support, as well as in developing a go-to-market strategy to grow their business.
• VBSPUIIF conducts both virtual and physical mentorship programmes at the institution. We engage experts whenever the government introduces new policies/schemes for proper handholding and mentoring.

• Early-stage start-ups and entrepreneurs are provided with mentoring support under various programs.
• In addition, we assist in developing pitch decks for investors.

• After being watched over all the time and given constant help, the incubatees are ready to leave the centre and go into the market.
• In a timely manner, VBSPUIIF off-boards the incubatees through various exits, including an initial public offering (IPO), etc.