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- Mentors shall identify specific needs at specific times like prototyping/design vendors, small-scale manufacturing vendors, large-scale manufacturing vendors, etc. and make best efforts to connect the start-ups with such ecosystem players.
- Full-time resource presence and organizing peer meetings with mentors at regular intervals.
- The platform for accessing the mentor through an online portal.
- Train/ educate start-ups in the fields of research, user experience, and business technology courses with cutting edge programming and deep-tech applications.
- Support the start-ups for developing Proof of Concept, provide mentoring for designing & development and help start-ups to convert their idea into a reality.
- Transforming the start-ups from idea level to Prototype level, Prototype level to MVP (Minimum Viable Product) level, MVP level to GTM level, and graduating the start-ups into full-fledged company status.
- Providing a multidisciplinary approach in developing innovative products based on identified business challenges.
- Support for developing, enhancing, and piloting start-ups prototype and business model in a collaborative environment.
- Conducting needs-based mentoring sessions on legal, compliance, branding, cybersecurity, tech, etc.
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MEDITECH CoE CATEGORIES YOUR START-UP SHOULD FALL UNDER TO QUALIFY FOR INCUBATION
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WHO CAN APPLY
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Company Type
The start-up must be incorporated as a
- Private Limited Company (as defined in the Companies Act, 2013) or
- Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
- Limited Liability Partnership (under the Liability Partnership Act 2008)
The date of registration/incorporation must not be beyond 10 years.
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Annual Turnover
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.[/vc_column_text][vc_column_text]
Original Entity
An entity should not have been formed by splitting up or reconstructing an already existing business.[/vc_column_text][vc_column_text]
Innovative & Scalable
Entity working towards innovation, development, or improvement of products, processes, or services or if it is a scalable business model with high potential of employment generation or wealth creation.[/vc_column_text][vc_column_text]
Terms & Conditions-
- Start-ups have to operate from the MediTech CoE Incubation facility at STPI Lucknow CoE at SGPGI.
- Each start-up will be offered a minimum of 5 seats.
- Each start-up has to offer equity of up to 5% to STPI as per the present valuation.
- The start-up has to pay Rs. 6,000/- + tax per seat per month for availing all of the above-mentioned facilities. The incubates under product development and R&D shall be offered a rent discount of 40% in 1st year, 25% in 2nd year & 15% in 3rd year as per the STPI Incubation Policy.
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