Announcement for Recruitment of Incubatees


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Announcement for Recruitment of Incubatees

  1. 1. Announcement for Recruitment of IncubateesApplications are invited from graduated MDI students and participants in part timeprograms for the selection of incubatees for the Technology Business Incubator (TBI)at MDI. Candidates are required to send their application to the following:1. By email: to By post: The Selection Committee Technology Business Incubator Centre for Entrepreneurship Management Development Institute Mehrauli Gurgaon Road Sukhrali Gurgaon 122001The detailed procedure is given in the attachment.Last Date for the receipt of application form is May 20, 2011The applicants will be short-listed for an interaction.Any queries may be directed to : 1
  2. 2. Selection Process for IncubateesEligibilityo Alumni of MDI from a full time or part time programo All graduates of the Armed Services programo All part time students who are not sponsored, provided they leave their employment on being accepted in the incubatoro All MDP participants who have finished their MDI stint at least 2 years agoo The applicant should have developed the idea into a business proposal before making the applicationo The business proposal should be technology oriented, or technology enabled ( an organic farm in Pithoragarh will probably not qu alify!)Applicationo Candidates are required to make application (Annexure I) in the prescribed format addressed to the Centre for Entrepreneurship. Any other supporting documents may be brought to the interactionSelection Processo Application to be received by May 20, 2011.This will be followed byo Intimation on short listingo Presentation and interactiono The presentation and interaction with the selection committee for about 30 minutes. A presentation of no more than 15 minutes will be made by the applicant(s)o Final selection for incubation will be made considering both the quality of the proposal as well as the performance before the Selection CommitteeSelection Criteriao Quality of ideao Maturity of development of ideao Capability of team to execute ideao Commitment to ideao Financial strength of startupo Fundability of startupo Alignment with MDI mentoring capabilitySelection Committeeo Representative of the Department of Science & Technology, Govt. of Indiao Representative(s) of the Centre for Entrepreneurshipo Other MDI Facultyo Investor/ EntrepreneurService Offerings of the Incubation Centreo Office Space - including computing, network connectivity, conferencing, and library.o Support from faculty and MDIs network in business and technology aspectso Possibility of getting suitable Mentor from relevant industryo Possibility of seed-funding through various government or private agencies 2
  3. 3. o Other Support - including business plan preparation, fund raising, legal etc 3
  4. 4. Annexure I: Application Form Management Development Institute, Gurgaon APPLICATION FORM FOR INCUBATION (please create space/use additional sheets where necessary)Personal Information Name of Company Name of the Applicant: Date of Birth: Nationality: Contact Address: Education Telephone: Fax: E-mail: Web-Site: Work Experience Partners/Directors 1. 2. 3.Executive SummaryMissionBUSINESS/ IDEA DETAILS 1. Title of your Business proposal for Incubation 2. Brief Description of the Produc t/Services business you plan to incubate at MDI 4
  5. 5. 3. Stage of Startup ( tick all that is necessary) a. Idea b. Prototype c. Customer d. Revenues e. Profits4. Brief description of the expert inputs you hope to resource from MDI (Please also indicate names of faculty member(s), dept./centers of the Institute you plan to associate and facilities to be used)5. Have you interacted with the concerned faculty and has he/she/they consented to collaborate with you?6. Have you prepared a Business Plan for three years? If yes, please submit a copy.7. Please indicate your sources and uses of funds for the first three years.8. Profile of your Company, if already registered. (Type of business, details as date of registration etc., membership of stock exchange if any, key personnel/associates, specific achievements etc.)9. Please give names and address of up to 3 referees who are acquainted with your career profession/ achievement.10. Any other detail which would help in evaluating your proposal 5
  6. 6. FACILITIES REQUIREMENTS: 1. Why do you want to locate in the MDI Incubation Centre? 2. Infrastructure requirement for space, workstations or PCs: 3. Specify requirement of Mentoring and other professional services/ support: 4. Indicate how your business might benefit from access to MDI’s human and physical resources. 5. If accepted as an incubatee, when would you want to start occupancy in the Incubator? 6. How many total employees will be occupying space? (give details year wise) Full- Time __________ Part-Time ___________ 7. Are you currently occupying a facility (either in your home or at a commercial location)? If yes, what is your current occupied area in square ft.? What is your approximate monthly cost for this facility? Rent: Rs.______________ Utilities: Rs. ____________________ 6