Business owners at their earlier startup phase can go for Incubator programs as a funding option. As Business incubators in India, Icreate not only help in funding the Startup Incubators but also work as an entrepreneurship mentor for a business as well as startup & entrepreneurs. Where to Go In India, popular business incubator is ICREATE. ICREATE stands for International Centre for Entrepreneurship and Technology. ICreate facilitates the incubation of the business idea and convert the idea into a feasible concept to develop it and acquire initial customers. This will involve funding also. The Spark-Up Idea Fund is designed with an aim to Seek & Amplify the entrepreneurial traits of aspiring student entrepreneurs, wherein deserving ideas/projects would be supported and funded up-to Rs. 50,000 each. This is a unique opportunity for students to take their technovative idea to the next level. ANGEL FUNDING by iCreate provides early stage and seed funding to gain better valuation for the start-ups before a venture capitalist enters.
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There are many ways to get funding and you can search online detailed information about it and all the procedure related to the funding. But even after that many startups and entrepreneurs hesitate and falter at the first stage to get and secure funding for them. The simple reason behind it can be their unplanned, unrealistic, impractical and ill-conceived strategy. This kind of approach can result in instant rejection for them. To ensure your funding you must follow steps like below: Location It is said that “It is easy to get funds from across the country, but be careful and pay attention to proximity”. One you start your operations it will be easier for local investors to check and add extra value in it, especially in the early stages of the operation. Industry Preference You have to shortlist VCs and angel investors as per their area of expertise and liking. It won’t be helpful if the funding you want for technology but the investors are in favor of traveling. So choose them wisely. Funding Stage Funding stages are important as there are many stages from start till you become successful and even after that. Depending on that you have to choose VCs and Investors. For example there are some VCs and Investors that only supports startup at the early stage like seed stage and other who supports growth or late stage development. So if you approach the VC or investor, who only funds or backs the seed venture, when you require growth or late stage development funding than the rejection for your project is guaranteed. Fund Limit There are limitations to the funds that you can get depending on VCs and Angel investments. Because even they can have limitation for funding that they can provide to any startup or entrepreneurs. Therefore choose the VC or Investor as per your funding limit and requirement so that your work can go smoothly without any problem of funds. The other Steps will be shown in part 2 of this topic. For more detail visit our website: http://icreate.org.in/ Thank You. ICREATE | An organization that helps startup and entrepreneurs as business Incubators in INDIA.6/12/2017 Incubators and Accelerators: We are the incubators and the accelerators that setups to incubate any business idea. We are leading the startups and entrepreneurs to develop a business idea or make an example or prototype by providing resources, funding and services. For startups and entrepreneurs this is a very good way to start their dream project because it makes survival rate for such incubated companies very high.
As BUSINESS INCUBATORS INDIA ICREATE offers office space, Admin support, legal compliance, management training, entrepreneurship mentoring and access to industry experts (Entrepreneurship Mentors). Also we provide funding through angel investors or VCs. We provide entire logistics and external support so that startup incubators and entrepreneurs can focus on actual work and essentials without worrying about other stuffs. One has to provide an application to programs such as Entrepreneur Courses, Entrepreneurship Mentoring Program and Entrepreneur Grooming Program. We occasionally provide and offer some other programs also. So you have to apply for these courses and programs to enroll into iCreate. After applying for enrollment the application goes to different phases for selection and depending on that you can get selected and funded. It also depends on the quality and feasibility of the idea and conditions of the project. The accelerators are mostly similar as incubators. The different is that they help speed up and improve the business idea in short amount of time. The focus is on intense entrepreneur mentoring and building contacts, getting more investors for business, And also to get help for product development and marketing. Their admission procedure is also tougher and more modest than others. Advantages & Limitations: Advantages Icreate offers high quality advice and training for entrepreneurs and startups and facilitates funding for them. It also makes sure that they have higher survival rate after receiving the funds. Limitations Startups generally do not have much control over the funding since incubators oversee the investors that they meet.
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