Startup incubation
A programme by Vardhaman College of Engineering
A two-year incubation for incorporated companies, with workspace, faculty mentors and milestone reviews.
At a glance
| Best for | Incorporated companies ready to build, from idea to early commercialisation |
|---|---|
| Duration | Up to two years, with up to two six-month extensions at the institute's discretion |
| Format | Hybrid |
| Cost | Takes equity |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
| Run with | VEC Centre for Research and Innovation Foundation |
About Startup incubation
Incubation at CIE is for companies that are ready to build. Selected companies get workspace, institutional laboratories, faculty mentorship and industry guidance, and their progress is reviewed every three months against the milestones in the business plan.
What you get
- Office space and shared equipment, with rented computers and internet
- A faculty advisor for technology questions and a monthly strategy review with the CIE Head
- Access to institute laboratories and, if wanted, interns from the college
- The option of an industry mentor within six months of joining
Who can apply
- A private or public limited company incorporated under the Companies Act
- Companies promoted by students, provided the student does not hold an executive position
- Companies promoted by regular staff, with a no-objection certificate from the employer
- Not companies that run educational courses or training programmes
How selection works: A first review of the executive summary or business plan is followed by a presentation and questions in front of the evaluation committee.
How to apply: Submit an incubation application with the business plan, the certificate of incorporation and the Memorandum and Articles of Association.