Arya College of Engineering & I.T.

Choosing this programme

• Suited to early-stage technology start-ups that want campus access and mentoring.
• Students and faculty of the college have a stated route in, as do alumni.

How applications work

• Send an application with a comprehensive business proposal to the centre.
• The proposal should cover the business overview, value proposition, market and competition, sales model, milestones, growth and marketing plan, core team, risk analysis and estimated financials.
• If the idea uses technology or intellectual property from the college, include the college's letter of approval for its transfer or licence.

How selection works

• Shortlisted applicants present to the centre's leadership committee.
• Expert representatives then carry out financial and technical due diligence.

What reviewers look for

• The strength of the product concept, its IP and commercialisation potential, and the core team.
• Potential for Made in India impact and job creation, the need for funds, time to market and time to break-even.

The Arya Incubation Centre is the start-up incubator of Arya College of Engineering & I.T. (ACEIT) in Kukas, Jaipur, Rajasthan. The college was founded in 2000 and is approved by AICTE and affiliated to Rajasthan Technical University. The centre takes early-stage technology start-ups and helps them build a sustainable business.

How the programme works

Incubation runs for 18 months to begin with. The stay can be extended by 12 months (6+6), to a 30-month period in total, and the centre can allow a further stay at its own discretion. During the 30-month period, companies pay a nominal monthly fee. The centre may instead take a 2 percent to 5 percent stake in the company, in place of charging for some services, under a separate written agreement.

Who can apply

Applications are made by registered unlisted companies. Founders who have not yet registered a company can apply in the names of the promoters, provided the company is registered within three months of approval. Students and faculty of ACEIT, alumni and non-technical staff are named in the policy as people who can take part.

Support on offer

The centre plans to help with company registration and filings, accountancy, HR, legal assistance, filings for copyrights, trade marks and patents, training and workshops, introductions to angel investors and venture capitalists, and showcasing of incubated companies at college events. Student start-ups can receive merit-based financial support within the funds available. Virtual incubation is possible as a case-by-case exception, and campus accommodation is available subject to availability, on payment.

Who runs it

The centre is governed under the college's Innovation and Startup Policy, with a leadership committee that reviews applications and a governing council that approves any exceptions.

Locations

The centre is on the Arya campus at SP-42, RIICO Industrial Area, Kukas, Delhi Road, Jaipur, Rajasthan 302028.