INVESTMENT READINESS PROGRAM
Unlocking Your Investment Potential
- The applicant startup must be a company registered in India, preferably be a DPIIT registered / applied startup and should have completed a minimum 3 months of association with the incubator in its resident or virtual incubation
- The applicant startup should have developed clarity on Unique Selling Preposition (USP) through customer validation and value proposition for its targeted customers.
- This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI). Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
- The shareholding by Indian promoters in the incubate startup should be at least 51%.
- Preference will be given to startups, who have not availed any funding from any Government of India / State Govt. body.
i. Location and Operations:
The business must be located and perform the majority of its operations in India. This ensures that the program focuses on supporting startups within the Indian ecosystem.
ii. Minimum Business Tenure:
The business should have been in operation for a maximum of 3 years. This criterion ensures that the program targets startups that have already established some level of stability and experience in the market.
iii. Operational Status:
The business must be actively operating and engaged in its chosen industry. This ensures that the program supports startups that have demonstrated their commitment to their entrepreneurial journey.
iv. Full Participation in the Program:
Selected Startups must be willing to fully participate in the program as outlined by FiiRE. This includes attending workshops, mentorship sessions, networking events, and other program activities. Failure to actively participate may result in removal from the program.
v. Theme Focus on TourismTech:
The program primarily focuses on Startups associated with the TourismTech Sector. This includes startups directly or indirectly involved in areas such as waste management, electric vehicles, solar energy, sustainability, and other related domains which helps tourism industry growth. The aim is to support Startups that contribute to the growth and innovation of the tourism industry in alignment with sustainable practices.
- INR 30,000 Per Startup With 1 Founder / Co-founder Working As A Full Time (Director)
- INR 20,000 Per Startup With 1 Led Female Founder / Co-founder Working As A Full Time (Director)