SKY

Startup Kendra for You (SKY)

MACFAST Technology Business Incubator (M-TBI)

Eligibility

Admission to M-TBI is open to:

  • Students
  • Alumni of MACFAST
  • Public

Admission Process

Based on the initial scrutiny of affirmative assessment, applicants will be asked to submit a formal application for admission in to Startups cell. The application form can be collected from the office of Startups cell/ website.

Business Plan

The business plan is expected to cover the basics of the business, namely, value proposition, products and services, market analysis, competition analysis, funding requirements, capital structure, milestones and timelines, development and marketing plan, organizational structure, team, risk analysis, break-even period and projected financials. Applicants may give any additional information as they think would help in the assessment of their proposal.

Based on the documents submitted, the application will be screened by an expert team for assessing the suitability of the proposal for further evaluation by expert members regarding its potential for incubation.

Business Plan will be reviewed by experts having technical, business and financial expertise.

Infrastructure

Upon admission to Startup cell, the following infrastructural facilities and services may be offered to the incubate office.

  • Office space
  • Internet
  • Conference Room
  • Meeting Room
  • Library
  • Photocopier Facility
  • Scanner Facility
  • Teleconferencing facilities
  • Cafeteria

Other Services

Apart from physical infrastructure as stated above, Startups cell may also try to offer other supports and services which would include:

  • Pool of mentors, experts in technology, legal, financial and related matters, with or without consideration
  • Meetings with industry professionals
  • Organizing events to help companies in networking

Startups cell will facilitate the incubate companies to access departmental laboratories and other resources of MACFAST for their products development purposes. Access to departmental resources is possible and usage of such resources should be with permission of the concerned department to avoid conflict with departmental activities. Further usage of such resources shall be on commercial basis. The consideration payable to MACFAST for usage of departmental resources will generally be in the form of cash.

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