Launch-n-Zoom supported by NIDHI Seed Support and our corporate partner, PI Industries and Fidelity Investments, is a three-month accelerator program with a unique opportunity for entrepreneurs to scale and grow their ventures with the help of our mentors, industry experts, and corporate partners. We as a team, will try and tailor the program to your unique needs and help in your venture’s growth.
We do our best to avoid accepting competitive companies into the same program class. In the event there is a company in our portfolio that’s competitive, we work tirelessly to ensure there is no exchange of sensitive data.
We will be accepting a cohort of 5 to 8 startups for Launch-n-Zoom 4.0 NIDHI seed accelerator. The cohort will have startups from your focus area so that you get the benefit of peer to peer interactions and learnings.
The program will be held for a duration of 3 – 4 months. On average, time commitment from the startup would be around 8 to 10 hours in a week spread over multiple days.
Eligibility Conditions for start-ups to apply
1. The venture should be a registered company in India.
2. The venture has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
3. The shareholding by Indian promoters in the startup should be at least 51%.
4. Selected start-ups should become a incubatee of IIMUIC and should have completed three months of incubation at IIMUIC at the time of seed fund investment.
Awards:- Investment opportunities up to rupees 20 lakhs for qualified startups.