About
InnoCity Build Accelerator in its latest edition is supported by SAP India and Department of Science and Technology, Government of India. The program is focused on supporting Startups building tech solutions for Rajasthan and the world in emerging and regionally relevant sectors. Startups that have developed a Proof of Concept (POC) or have an Minimum Viable Product (MVP) ready and are looking for Mentoring from sector and domain experts, Invaluable Industry connects for business and pilot opportunities along with funds for development/testing can apply. Selected startups also get the chance to pitch to CRIF/CIIE for grants from 4-7 Lacs and seed funding support from INR 25 Lacs to INR 100 Lacs and more through co-funding by interested Angels. Social Impact focussed Startups also get chance of an additional INR 15 Lacs funding through SAP India CSR.
What
InnoCity Build Accelerator
Jan 2020 - April 2020
Where
Contact Sessions @ Jaipur, Rajasthan
Mentoring Sessions and Review- Virtually
For Whom
Startups with Proof of Concept or
Early MVP Stage Startups
Focus Sectors
Please apply if your Startup is currently working in any of the sectors listed below
AgriTech
Innovating For Agriculture Value Chain
Dairy/Livestock
Revolutionizing Livestock and Dairy Farming
CleanTech
Solving The World's Energy Problem
EdTech
Enabling Immersive Learning
FinTech
Facilitating Financial Inclusion
Watertech
Driving Solutions to Address Water Scarcity
Program Offerings
Few of the several offerings to Cohort Startups for InnoCity Build
Bootcamp at IIM Ahmedabad from IIM Faculties and CIIE team
Develop strong and scalable business model with dedicated mentorship
Product Pilot and Business Opportunities with Partner Industries and Institutes
Access to high quality physical incubation space for program duration in Jaipur, Rajasthan
Get suppport of Portfolio managers for funded startups to achieve milestones and help secure follow-on funding
Access to InnoCity learn sessions with successful entrepreneurs to deep dive on various facets of entrepreneurship
Amazon (AWS) credits, Free access to Zoho One, Free access to Quickbooks, assistance from service providers and much more
Funding Opportunities
Our cohort startups get opportunity for following funding options post Program
Each startup gets support for services upto INR 50,000 to assist in product development, pitch, financial modelling etc.
MVP development funds upto INR 7 Lacs and Commercialization and Growth funds from INR 25 Lacs upto INR 100 Lacs
Additional amount of INR 15 Lacs for Startups with Social Impact through InnoCity Pitch held quarterly
Timeline
Tentative Timeline for Program
Application Deadline
15 Jan 2020
Cohort Announce
30 Jan 2020
1st Contact Session
6-7 Feb 2020
Review Session
Mid Feb 2020
2nd Contact Session
13-14 Mar 2020
InnoCity Pitch
11th Apr 2020
Supported By
Powered By
Program Partners
Media Partners
Outreach Partners
Technology and Service Partners
Ecosystem Partners
F.A.Q
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Is it necessary to have innovative technology in the Startup to apply for this Accelerator?
Yes! The program focus is to support Innovative technology Startups. If you do not have any innovative technology in place either in product or in process then it might be difficult to be part of the accelerator.
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I am at idea/initial prototype stage, so can I apply?
Yes! You can apply however we are mainly seeking Startups that are at Proof of concept or early MVP stage. If you Startup has has some very interesting technology component, we might take you into this accelerator. Else, your application would be considered for another relevant support program as per your current stage.
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My startup does not fall in any of the mentioned sectors, can I still apply?
The mentioned sectors are our primary focus for this accelerator. However, if your Startup has innovative technology in place and is creating disproportionate impact in any sector, you are most welcome to apply.
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How many of the startups will be selected for the accelerator program?
We will be accommodating almost 8-10 relevant innovative startups in the accelerator cohort.
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Is it a paid accelerator? If yes, then what is the fee for program?
Yes! We charge a small contribution fee from participating Startups. It is only INR 10,000. Against the same, we offer business and pitching workshops, mentorship from top experts, connects for pilot opportunities, travel and stay allowance to attend accelerator contact sessions at Jaipur and prototyping/testing funds upto INR 50,000 to each Startup.
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What kind of value will I get after attending the accelerator and making the contribution?
Apart from mentoring and pilot opportunities, we offer opportunity to get funding in form of grants and convertible debt through various programs of CRIF and its partners. Selected Startups will get access to funding opportunity of upto INR 25 Lacs from CRIF through InnoCity pitch. For other offerings please visit the offering section on this website.
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I am not based out of Rajasthan so can I still apply? And will it be necessary to attend the sessions physically?
Yes! Application is open to all relevant startups based out of India. Also, there will be only 2 physical contact sessions along with Innocity Pitch where you need to travel to Jaipur. Review sessions and mentoring sessions will be scheduled virtually during the program.
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Will I have to arrange the travel and accommodation by myself for the contact sessions in Jaipur?
No! CRIF will contribute for your travel & accommodation in Jaipur for upto INR 14,000 for each of the two contact sessions at Jaipur. You will get reimbursements for the amount spent on submission of actual invoices for your travel and accommodation. As a policy we encourage train travel for overnight or shorter journeys and flight travel for longer journeys.