These activities shall be for on-site incubation for a period of 1 year each, 2 innovations at TRL4 shall be supported for TRL5 scaleup and validation in the relevant CPS environments. The live testbeds shall be extended to support such work. Additional support for technology buildup shall be promoted by the different Engineering staff of the TIH. The TIH shall also be supporting some fabrication, consumables, etc. to these Entrepreneurs through the best available resources, and preparing them with Business and Marketspace training support to look at exploring options of raising Ignition Grants and Venture Capital investments. In a period of 5 years, this shall be able to support 10 such Entrepreneurs. The participants shall be able to apply for other support programs as well, but not participate in any more than one program at a given time. Successful graduates may apply subsequently for CPS Startup Ignition Grant.
This activity shall support 10 Early stage start-ups per year which have demonstrated an MVP at TRL5 through a funding ignition program without a residency requirement, to enable scaling it to TRL6 and virtual incubation support. The support shall be The participants shall be able to apply for other support programs as well, but not participate in any more than one program at a given time. This shall be for a fixed tenure of 1-3 years in phased support, and performance is monitored. The ignition support shall be met as a venture-valued equity investment by AI4ICPS with the investor’s exit priority on subsequent investment. This shall support a total of 30 beneficiaries in the program duration of 5 years. The participants shall be able to apply for other support programs as well, but not participate in any more than one program at a given time.
NA 401, Nalanda Admin Block, IIT Kharagpur, Kharagpur, West Bengal, India
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