|Hosted by Faculty of Engineering, Christ University Kengeri Campus, Bangalore|
|About the Incubation Centre|
Inspire! is an incubation centre established by Christ University and 1Crowd for early stage startups housed at the Kengeri campus of Christ University in Bangalore. The primary purpose of the incubation centre is to facilitate the creation of ideas and inventions that benefit society and importantly, are commercially viable at the end of incubation program.
Combining 1Crowd’s strength in startup investing with CU’s cutting edge academic facilities and depth of technological and engineering expertise, Inspire! presents a unique opportunity for startups to take their business to the next level.
Startups accepted into our incubation centre will participate in a rigorous 12-month incubation program during which they will collaborate with mentors, partners, industry leaders and 1Crowd investment professionals. At the end of the program, startups which have shown significant traction may be considered for funding via 1Crowd’s equity funding platform.
|Why join Inspire!?|
Inspire! seeks to provide entrepreneurs a best in class support system to convert their innovative ideas into thriving businesses. Core elements of our model include:
|What we look for?|
We look for great teams with innovative products/ideas which can solve real problem areas and can scale up to become profitable ventures.
We invite startups across sectors to apply, as long as they are linked in some way to the fields of engineering or technology.
|How to Apply?|
Applications can be made through an online form available here
If you have any questions about the application form or process, please contact us at email@example.com
A startup incubation centre is an entity which assists startups with converting their early-stage companies into highly scalable, commercially viable businesses. In addition to providing office space and facilities, incubation centres support startups by providing industry tie-ups, mentorship, connection to funders and management training.
To be eligible to apply for admission into Inspire!, the following criteria must be met:
The incubation program has been designed to thrive on the community, networking and hands-on support offered. We thus expect the team to primarily operate out of the Incubation Centre for the duration of the program.
The incubation program at Inspire! has been designed for 12 months, with opportunities for extension. It is interspersed with workshops, speaker series and networking events right from concept validation to fundraising stage.
Inspire! is focused on startups related to the fields of engineering or technology. We prefer startups with an experienced team who are in the pre-seed or seed stage of development. The incubation program has been designed to support startups with taking their idea from the concept stage to a full-blown product/service launch. Our goal is to help startups build sustainable businesses that are ready to raise external funding by the end of the incubation program to scale up their businesses.
Inspire! calls for applications from time to time. You are required to fill in the application form which can be found on the Apply Page. If we find your application in line with our requirements, we will contact you for further application rounds which will include presentations and face to face interactions.
We take a small equity position in your startup in exchange for the incubation services offered. The exact equity amount varies based on the stage of the venture. Our stake in your business makes sure that we are motivated and our interests are aligned so that we win when you win.
We do not take any special or controlling interests in your company as part of the incubation program. We will not seek a board seat or any exceptional shareholder rights for the incubation services.
Startups would be required to pay nominal subsidized fees of INR 1000/month per seat (inclusive of all taxes)for the physical infrastructure and facilities provided to them.
Accepted startups will be considered for seed funding from 1Crowd on a case-by-case basis. Seed funding will range between INR 10 lacs – INR 25 lacs and will be offered anytime between 3-9 months into the program. Request for seed funding will be evaluated as a separate arrangement between 1Crowd and the startup. Equity stake taken by 1Crowd as consideration for seed funding will be arrived at in consultation with the incubatee company.
The working hours for the Incubation Centre will be from 7am to 8pm seven days a week. Any request to work at the incubation centre outside of working hours will be considered on a case-by-case basis.
Incubatee companies will have access to departmental laboratories and other resources and equipment of Christ University for their product development purposes. Permission to access such resources will be accessible through a pre-defined process.
Christ University has 37 well-equipped engineering labs with state-of-the-art hardware equipment and software including but not limited to 3D printers, CNC machines, a robotic arm, embedded system and VLSI kits (eg. arm9 boards, spartan-6 boards) with associated peripheral devices, FESTO pneumatic and hydraulic equipment for PLC systems and solar and wind energy simulators. If you are interested in any specific type of equipment or software, please feel free to contact us. We would be happy to confirm availability and provide further information.
Inspire! has tie-ups with service partners in Legal, Finance, HR, cloud credits, payments and outbound marketing, among others fields. We are continuously expanding the list to ensure startups have access to the right tools and services to grow their businesses. Click here to see the full list of our ecosystem tie-ups.
|About Christ University|
Established in July 1969 as Christ College and deemed to be a university in 2008, Christ University (CU) is rated among the top ten educational institutions in India. The University has three campuses in Bangalore located at Hosur Road, Bannerghatta Road and in Kengeri.
Faculty of Engineering (FE), Kengeri, Bengaluru, is a premier educational institution under the aegis of Christ University. Situated on Mysore Road, FE provides the experience of a world class campus with state-of-the-art academic buildings, libraries, research facilities & residences spread over 75 acres of lush green land.
FE brings the academic and technology community together to develop transformative ideas and develop pioneering leaders and technologies for the digital age. Presence of Industry leaders such as Tata, Renault-Nissan, FESTO, TechMahindra, Mercedes Benz, Robert Bosch amongst many more, ensures strong Academia-Industry collaboration benefiting the students and enabling Faculty to connect with Industry on a continuous basis.
Further information about the University can be found at www.christuniversity.in
Please feel free to contact us with any questions at firstname.lastname@example.org