Application Process

An online call for applications is hosted on website of DTU-IIF. Startups can apply for the scheme. The application submission is entirely online, and no physical submission of documents is required.

Evaluation, Selection of applications and closure of incubation:

Eligible applications shall be evaluated on the following criteria:

  • Is there a need for this Idea?
  • Feasibility
  • Potential Impact
  • Novelty
  • Team
  • Fund Utilization Plan
  • Additional Parameters
  • Presentation

The Selection Committee shall evaluate applicants based on their submissions and presentations and select startups for Seed Fund within 45 days of receipt of application. Selected startups shall receive seed funding under the respective incubator that selects them as beneficiaries as per their preference shared during application. The incubator shall execute a legal agreement with the selected startups before the release of the first instalment. The startup shall submit a final report and audited utilisation certificate at the end of the project duration.

Selected startups shall furnish details on the above parameter to the incubator in all progress reports

    • Progress of proof of concept
    • Progress of prototype development
    • Progress of product development
    • Progress of field trials
    • Progress of market launch
    • Quantum of loan, angel or VC funding raised
    • Jobs created by startup
    • Turnover of startup
    • Any other appropriate parameter

Re-application

An applicant can apply to the scheme again after 3 months of receiving a rejection. This buffer time is given to ensure that you have worked on the feedback received from incubators and are ready to be considered again.

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