WOMENPreneur 2022 Incubation Program by AIC-NITI Aayog: Register by May 18

 Registrations are invited for WOMENPreneur 2022 Incubation Program by AIC-NITI Aayog. The last date of registration is 18 May.

About

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.

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.

Eligibility

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

• 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

Important dates

DATE	ACTIVITY
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

Funding

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 up to Rs. 100.00 Lakhs under the Department of Science & Technology (GoI) offering Funds under Seed Support Program.

Fee

Program Fee: 2% Equity or INR 40,000 Fee.

Application

Interested candidates can apply online via this page.

Benefits

• Access to Funding Support
• Access to the world-class research labs (across all streams) at Banasthali
• Access to curated Business Acceleration, Training and Workshops
• Access to startup support services of partners like ZOHO, RazorPay, AWS, VIE Stories
• Access to a wide network of Angels, Angel Networks & VCs
• Access to the huge industry network of AIC Banasthali.

Click here to view the official notification of WOMENPreneur 2022 Incubation Program.