The Program

HOW CAN NEURON HELP YOUR START-UP GET STARTED

Infrastructure Facility

  • Ready-to-Work Plug & Play space as per requirement.
  • STPI Mohali DataCenter.
  • Access to AI/Data Analytics, IoT (proposed) and AVG (proposed) labs.
  • High Speed Internet Access.
  • 24 x 7 x 365 days Operational work space.
  • Round the clock security.
  • Dedicated team / Support round the clock.

Mentorship

  • Mentors shall identify specific needs at specific time like prototyping/design vendors, small-scale manufacturing vendors, large-scale manufacturing vendors etc. and makes best efforts to connect the start-ups with such ecosystem players.
  • Full-time resource presence and organizing peer meetings with mentors at regular intervals.
  • 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, cyber security, tech etc.

Marketing

  • Beneficiary incubatees of Neuron shall be included in marketing knowledge sessions, road shows, networking events, social media outreach.
  • International events/programs shall be organized to attract global visibility.
  • Neuron’s end-to-end marketing plan will place your start-up on the global map.
  • Partnerships with key international promotional agencies shall be carried out for cross border collaboration.

Monitoring

  • Neuron shall monitor and guide start-ups through dedicated portfolio managers and start-up support executives
  • Neuron shall review and monitor the progress/performance of start-ups periodically and take necessary action as and when required in co-ordination with PMG.

Funding and Investment

  • Neuron shall support and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.

Additional Services

  • STPI has signed MoU with M/s NRDC (National Research and Development Corporation) for filing Intellectual Property Rights such as Patenting (Drafting & Filing), Trademark, Copyright and any other IPR related support/legal/statutory support.

AI/Data Analytics Lab

  • Complete access to AI/Data Analytics Lab (Big Data), and Innov Lab (IoT) equipped with Sample Bank, Test Equipment & Technical support.
  • Lab Details

NEURON CATEGORIES YOUR START-UP SHOULD FALL UNDER TO QUALIFY FOR INCUBATION

Artificial Intelligence (AI)

Internet of Things (IOT)

Data Analytics

Audio Visual Gaming

WHO CAN APPLY

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.

Annual Turnover

Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.

Original Entity

Entity should not have been formed by splitting up or reconstructing an already existing business.

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.

Terms & Conditions

  • Start-ups have to operate from Neuron Incubation facility at STPI Mohali.
  • Each start-up will be offered a minimum of 5 seats.
  • Each start-up has to offer an equity of upto 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 rent discount of 40% in 1st year, 25% in 2nd year & 15% in 3rd year as per the STPI Incubation Policy.