To ensure a smooth application process, please follow this simple application procedure.
| STEP 1: SUBMIT APPLICATION FORM. As a first step in the admissions process, the prospective incubatee shall fill in CIIE-CTTC’s standard application form containing the entrepreneur’s business idea. CIIE-CTTC shall present the application to an internal review committee for comments on technical and business feasibility of the idea. |
| STEP 2: PRESENTATION TO EVALUATION COMMITTEE OF CIIE-CTTC. If the initial evaluation of the business idea is positive, CIIE-CTTC will arrange a meeting at CIIE-CTTC with the start-up founders, during which the start-up will be expected to give a presentation describing critical aspects of the business idea to an evaluation committee. The presentation should last at least 30 minutes. The presentation will be followed by questions. After the presentation, a final decision will be made regarding the start-up’s admission to the incubator. The start-up will be informed of the final decision thereafter. The constitution of the evaluation committee will be formed by CTTC, Ludhiana wherein technical, financial and other experts will remain as members. |
| STEP 3: SUBMIT ADDITIONAL DOCUMENTS. In case of acceptance of the applicant to CIIE-CTTC, the following documents shall be provided before registration: 1. PAN Card 2. Soft copy of the passport size photo of all promoters 3. ID Proof of Promoters (PAN CARD/DL/Passport) 4. Permanent address proof |
The CIED will review the application and make a decision based on both the written application and presentation. The following list provides some evaluation criteria:
1. Strength of the product idea in terms of its technology content, innovation, timeliness and market potential
2. Profile of the core team/ promoters
3. Quality and persuasiveness of Presentation
4. Intellectual Property generated and the potential of the idea for IP creation
5. Financial/ Commercial Viability
6. Funds requirement and viability of raising finance
7. Time-to-market
8. Break-even Period
9. Commercial potential, demand and requirement in India
10. Potential Scalability
Non-Disclosure
CIED, Ludhiana adheres to strict confidentiality throughout the application process. However, CIED will not sign any “non-disclosure” agreements.