About Atal Incubation Centre (AIC)

AIC Banasthali is India’s first & largest women-centric Business Incubator. It has successfully completed 4 Cohorts of Incubation & 6 Cohorts of Acceleration Programs thereby supporting over 100 women-led startups in their growth journey.

Atal Incubation Centre (AIC) is an initiative of Atal Innovation Mission, NITI Aayog to promote a culture of innovation and entrepreneurship.

About the Program

WOMENPreneur is an 11 months Incubation Program for Women-led Startups of all stages from Idea to Prototype, from Market Validation to early Revenue. The program aims to nurture innovative technology-based scalable solutions having the capacity to solve pressing issues making them investable and sustainable.

Over the last few years 41 startups under 4 Cohorts have benefited from this flagship Incubation Program and 20 Startups have raised funding of INR 126 Mn so far. The unique ‘Hybrid’ Incubation Program has been designed keeping in mind the different challenges of women entrepreneurs.

Types of Funding Opportunities:

The startups under the program will have access to various funding opportunities:

  • Grants upto Rs. 10.00 Lakhs under the Department of Science & Technology (GoI) NIDHI PRAYAS Program for developing technology based hardware prototype.
  • Grants upto Rs. 7.00 Lakhs under Ministry of Electronics & IT (MeitY) TIDE 2.0 Scheme for developing software or ICT solutions.
  • Grants upto Rs. 15.00 Lakhs from Ministry of MSME for idea stage Product Startups.
  • Grants & Seed Funding upto Rs. 50.00 Lakhs under Startup India Seed Fund Scheme.
  • Seed funding upto Rs. 100.00 Lakhs under the Department of Science & Technology (GoI) offering Funds under Seed Support Program.

Focus Areas

  • Women Startups working in the areas of Technology & Sciences will be preferred.

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Eligibility

  • Startups in which women or a group of women hold a minimum 51% shareholding. However, the startups can have male co-founders.
  • Must be willing to work full-time with no predictable source of income
  • The startup should solve a critical national/social problem in an innovative, transformational way with the help of technology that seeks to bring social/commercial value.
  • A startup should be registered as a Private Limited/Partnership or LLP

Perks and Benefits

Provide Access to:

  • Funding Support
  • World-class research labs (across all streams) at Banasthali
  • Curated Business Acceleration, Training and Workshops
  • Startup support services of partners like ZOHO, RazorPay, AWS, VIE Stories
  • Wide network of Angels, Angel Networks & VCs
  • Huge industry network of AIC Banasthali.

Program Fee

  • 2% Equity or INR 40,000 Fee

Important Dates

  • 30th April 2022: Call for Applications
  • 18th May 2022: Last date of Registration
  • 28th May 2022: 1st Round of Shortlisting
  • 5th June 2022: 2nd Round of Shortlisting
  • 17-18th June 2022: Bootcamp for Shortlisted Participants
  • 25th June 2022: Final Shortlisting & Onboarding of Incubation Cohort
  • 2nd July 2022: Commencement of Incubation Program

How to Apply

Join our WhatsApp and Telegram groups to stay updated with all opportunities!

Entrepreneurship