SIDDHAM INNOVATION AND BUSINESS INCUBATION CENTRE

SIBIC leads in creating an ecosystem by sharing experiences with other incubators, developing robust incubation processes, systems and methods. The program aims to develop the capacity of incubators by providing exposure to SIBIC’s best practices, one-on-one mentoring, learning opportunities, and fundraising demos with donors to build joint partnerships. SIBIC also helps incubators identify and appoint mentors and subject matter experts, conducts training programs for portfolio managers, and monitors the progress of incubators through a comprehensive tracker.

The ICM Model provides a framework for business and startup development, encompassing 6 comprehensive modules. Module 01 covers setting up an incubator (location, space, stakeholders, local ecosystem diagnostics). Module 02 details the incubation cycle (startup tools, array of services). Module 03 focuses on operating an incubator (stakeholder relationships, organizational culture, strategic planning, metrics). Module 04 describes incubation governance (roles, framework). Module 05 addresses accelerating the incubator (prototype product, paying customers, business model, marketing, sales, investment pitch, investor connections). Module 06 deals with scaling innovation (proven solutions, sustainable business models, scaling plans, market access, strategic partners, investors).