What is the main objective of the Prakriti Incubation Launchpad Cohort 2?

The program aims to promote enterprises that address environmental challenges while generating sustainable livelihoods, specifically focusing on the North Eastern Region of India.

What kind of financial support is offered to participating startups?

The program provides a fellowship grant to each startup in the cohort and a reward grant of up to ₹15 lakhs for the top-performing startups.

What are the key focus areas for businesses applying to this program?

The program focuses on Green Manufacturing, Recycling and Upcycling of Waste, Cleantech Solutions (renewable energy, water management, air quality, climate-resilient tech), and Promotion of Local and Indigenous Resources.

Who is eligible to apply for this incubation launchpad?

Early-stage, early-revenue, and MVP startups from the North East Region of India are eligible. Applicants must be Indian citizens, and their businesses must be operational in the North East.

What kind of support, beyond funding, can startups expect?

Startups will receive 12 months of incubation support, one-on-one mentorship from IIMCIP, capacity building bootcamps, guidance on business models and GTM, market connections, and networking opportunities with ecosystem partners.

Is DPIIT Startup India recognition a mandatory requirement for application?

While the program references a standard DPIIT-style startup definition for context, it does not explicitly state that DPIIT Startup India recognition is a mandatory requirement for application.

Prakriti Incubation Launchpad Cohort 2 – Up to ₹15 Lakhs

The Prakriti Incubation Launchpad Cohort 2, a flagship program by IIM Calcutta Innovation Park (IIMCIP) in partnership with Pernod Ricard India Foundation (PRIF), is meticulously designed to foster sustainable business solutions in India's critical North Eastern Region. This initiative specifically targets nascent enterprises committed to addressing pressing environmental challenges while concurrently generating sustainable livelihoods for local communities. The program aims to support innovative startups that contribute significantly to environmental conservation, inclusive economic growth, climate resilience, and sustainable industrial development within the region, proactively tackling issues such as rapid urbanization, inefficient resource management, limited waste infrastructure, environmental degradation, and pollution.

Key focus areas for this cohort are strategically aligned with regional needs: Green Manufacturing, which actively encourages the adoption of energy-efficient, low-carbon, and resource-optimized production processes; Recycling and Upcycling of Waste, by supporting groundbreaking solutions that convert various forms of agricultural, industrial, and consumer waste into high-value-added products; Cleantech Solutions, an umbrella category encompassing renewable energy applications, advanced water and wastewater management, air quality solutions, and climate-resilient technologies; and the Promotion of Local and Indigenous Resources, by enabling enterprises to responsibly harness regional raw materials, traditional knowledge, and local skills to create market-ready, scalable, and environmentally sustainable products and services.

IIMCIP, serving as the implementing partner, plays a pivotal role in identifying and nurturing scalable startups. Their expertise covers comprehensive assessment of market and investment readiness, alongside providing extensive one-on-one mentoring support. The program offers strategic guidance on critical aspects such as product development, effective customer identification, and robust pricing strategies, ensuring that participating startups are thoroughly equipped for successful market entry and sustainable growth.

Applications for the Prakriti Incubation Launchpad Cohort 2 will undergo a rigorous selection process led by IIM Calcutta Innovation Park (IIMCIP). The process begins with an initial screening of all submitted applications to verify eligibility and assess their alignment with the program's focus areas in sustainable business solutions for the North Eastern Region. IIMCIP's expert team will evaluate the scalability of the startups, assess their market potential, and determine their readiness for investment. Shortlisted startups will typically be invited for a subsequent round of evaluations, which may include interviews, detailed presentations of their business models, or pitching sessions before a distinguished selection committee. This committee, comprising representatives from IIMCIP and possibly industry experts, will make the final decisions on cohort members and identify the top-performing startups eligible for the reward grants, based on their innovation, impact potential, and business viability.

The Prakriti Incubation Launchpad offers comprehensive support, starting with a fellowship grant for each selected startup, providing crucial initial capital to accelerate their development. Additionally, top-performing startups are eligible for a reward grant of up to ₹15 lakhs, incentivizing excellence and significant growth within the program. Beyond financial assistance, the program delivers 12 months of intensive incubation support, including personalized one-on-one mentorship from IIM Calcutta Innovation Park's experienced team. Participants benefit from customized capacity-building bootcamps and webinars, covering essential topics like robust business model development, effective go-to-market strategies, sound financial management, and persuasive pitching techniques. The program also facilitates vital market connects and buyer interactions, alongside extensive networking opportunities with key ecosystem partners and industry experts, ensuring startups gain visibility, access to essential resources, and strategic partnerships for scaling their impact.

Prakriti Incubation Launchpad Cohort 2

Prakriti Incubation Launchpad Cohort 2

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