DBU TBI FOUNDATIONS

In their own words

Incubation Process & Procedure DBU TBI Foundations (DBUTBIF) - A section 8 non-profit company of DBU Mandi Gobindgarh, invites applications for incubation of new ideas / concepts for entrepreneurship through start-up ecosystem of DBUTBIF. Eligibility  Students, Alumni, Faculty & Staff of DBU Mandi Gobindgarh (First Preference)  Any Indian National from all over Punjab (Second Preference)  Any Indian National (Third Preference) About the Initiative DBUTBIF to fund new and aspiring ideas for adopting entrepreneurship & to launch business with initial funding to incorporate their company and subsequent seed funding to build a prototype with in a span of one year. What …. One may get, if selected & continue with us? The selected ideas shall get the following support from DBUTBIF: • Financial support up to Rs 10,000/- OR 50% of the expenses (whichever is less) towards new company incorporation process. • Seed grant up to Rs 1.00 Lakh per company in 3 phases thru competitive process as under: Zero Phase (3 months) Phase 1 (3 months) Phase 2 (3 Months) Phase 3 (3 Months) All initial support* INR 25K – 50K INR 50 K – 1Lakh INR 1Lakh – 1.50 Lakh Other Facilities • Free co-working space & individual / personal working space on subsidized rates. • All corporate & legal compliances support. • Free power and high speed internet • One personal computer per company free of cost (till no seed support is given / provided). • Access to high performance server of DBUTBIF. • Access to Electrical, Electronics, Mechanical Labs & Workshop for prototyping developing. • Access of the Entrepreneurship library of DBUTBIF. • Financial Assistance for availing external expert mentorship. • Interaction with our networks of VCs and Angels. • Financial support for patenting. • Subsidized hostel facility on availability – for external team members, if any in the team. • All ideas of the Foreign National Students will be governed by the rules and regulations of the Indian jurisdiction and as per the Companies Act.

Published by the organisation on its Startup India profile. Not verified by us.