We provide our startup unprecedented access to custom-built programs, networking opportunities, and leading industry mentors from some of the world’s most innovative companies.
Our incubation Process covers an entrepreneur’s journey in four stages. In addition to the four stages, accelerate stage is added for companies that have a potential of fast growth, helping them raise capital and put them on track for rapid growth.
Germinate
Inspire, nurture and develop early stage ideas and analyze if it can be transformed into a potentially scalable idea for a product or service targeting a market that is poised to generate value. The startups have an ambitious idea or a potential scalable product or service idea but lack the right balance of skills in the team. The challenge the startup solves for the industry is key in determining the success or failure of the proposed solution afterwards. However, it’s highly unlikely that the initial idea comes close to the final MVP in this stage. It’s necessary to assess the severity of the idea to evaluate the cost of the opportunity, as well as to consider other alternatives and competitors.
Pre-Incubate
Pre Incubation stage mainly focuses on ideation stage. During this period, the entrepreneur assesses and validates early assumptions, engages customers early on and gets ready for MVP. Entrepreneurs in the pre-incubation process get specific training and mentoring to understand whether their ideas are viable, commercializable, and scalable. NIC Hyderabad will assist the innovator in getting grants from DST/DSIR for the ventures.
Incubate
Incubation stage includes everything from the creation of the company to the stabilization of its business model. Entrepreneurs develop a minimum viable product and set up their companies at the incubation stage. At this stage, the technical support that entrepreneurs need is provided by us. After the product is developed, the commercialization of the product begins. The startups graft product development and prepare themselves for marketing. The core team is committed with balanced skills, shared vision and values and have an initial product or service in place.
Post incubate
This stage is related to the activities that will be carried out when they have completed their incubation and have reached a feasible phase to run their businesses independently. Startups start generating revenue and are ready for fast growth (Acceleration stage) The business focuses on KPI based measurable growth and grows fast. In this stage, the businesses are considered to have attracted funding and are expected to continue.
Accelerate
In this process, the product is created, and the commercialization process begins but startups have difficulties in gaining market share and globalization. These problems can be solved with the help of acceleration programs during this phase to grow the startup as fast as possible. The focus of the accelerator stage is on rapid growth and to sort out all organizational, operational, financial and strategic difficulties of the business. NIC Hyderabad’s curriculum offers a process of intense, rapid, and immersive education aimed at accelerating the life cycle of young innovative companies, compressing years’ worth of learning into just a few months. At this stage, the entrepreneur is ready with a marketable product that can primarily drive the market, and can pitch before an investor/Venture Capitalists.
