This shall be for creating the ecosystem for coordinating and organizing the various Incubator programs, supporting the Business ecosystem understanding of new ventures, and for hand-holding participants in the CPS-GCC, CPS-PRAYAS, CPS-EIR, and CPS Startup Ignition. This shall be a dedicated unit overseeing the programs including organizing special workshops for marketing, networking, and launchpads, and also building and operationalizing a common laboratory space, and maker space for supporting these programs.
This shall be an office manned by the Chief Executive Officer (CEO) along with the Chief Innovation Officer (CIO), Chief Operating Officer (COO), General Managers, etc., and is responsible for administrative operationalization of the AI4ICPS. This program shall create and organize about 5 special programs per year spanning design innovation thinking, business building, venture profiling, exponential thinking, launchpad, and roadshow programs for the AI4ICPS. Also, this office shall oversee the sustainability of the activities
This program shall be a mode of debt financing, along the lines of a pre-Series A seed investment. This shall be extended to 2 enterprises per year, with a virtual incubation requirement, and a total of 10 shall be supported in the program span of 5 years. This may be subsequent to the CPS Startup Ignition. The ignition support shall be met as a venture-valued equity investment by AI4ICPS, based on a phased investment manner, with the investor’s exit priority on subsequent investment. 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.
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