Incubation Program for Mobility Startups
NSRCEL is partnering with Maruti Suzuki India Limited, to help startups working on technology based innovations that can be applied in the Automobile and Mobility sector.
This is a 3-month (Pre-incubation) followed by 6-month (Incubation) engagement designed for startups in ideation to proof of concept stage working in innovations that can be applied in Automobile and Mobility space to become profit making businesses.
Program Highlights
Access to Domain Experts
Guidance on Regulations
Investor Connect
Mentoring
Need Assessment
Opportunity to do a Paid PoC with Maruti Suzuki
Incubated Ventures
Grand Prize
Maruti Suzuki- CIAZ
Best Performing Startup gets a Maruti Suzuki-CIAZ
Who is it for?
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Artificial Intelligence
Autonomous Mobility
Big Data Analysis
Blockchain
Connected Cars
Data Security
Digital Solutions
Finance
Loyalty Program
Rural
Shared Mobility
Supply Chain
Vehicle Diagnostics
Augmented Reality (AR) / Virtual Reality (VR) / Mixed Reality (MR)
Vehicle Safety / Advanced Driver Assist System (ADAS)
Warehousing
Application Process
- Startups with ideas in mobility and technology can submit their application on www.nsrcel.org
- Applicants will be shortlisted based on the viability of the idea and the proposed solution to the problem proposed to be solved
- Selected ventures will enter the 3-month pre-incubation program. These ventures will pitch to qualify for incubation
- Shortlisted ventures will enter a 6-month incubation program.
FAQ
Before the Program
Early-stage startups who have an innovative technology and solution that can be applied to Automobile and Mobility sector and who fulfill the eligibility criteria listed above
Yes. We accept applications from solo founders.
Each applicant must apply with a single idea.
Sure, but to improve your chances of selection do highlight any additional information of your progress since your previous application with specifics on how your idea can be applied to the Automobile and Mobility sector.
Applications are currently open. The last date to apply for Mobility Startup Incubation is 30th Sep 2020.
Early-stage startups that demonstrate the potential to innovate, implement and create impact in the innovation areas listed in ‘Who is it for?’ section.
Founders are required to be committed to their idea full-time and must demonstrate the ability and entrepreneurial mindset to build and grow an organisation. While we love to work with startups with existing traction and customers, it is not a prerequisite for acceptance into the program.
After reviewing your application, promising candidates will be invited for an online interview. During this time you will be asked to pitch to the panel from NSRCEL and Maruti Suzuki, so we can better understand the solution you have to offer and what you are seeking from the Mobility Startup Incubation.
During the Program
It is free of cost. The program is fully sponsored by NSRCEL and Maruti Suzuki.
All the activities related to Pre-incubation & Incubation will be conducted online
We recommend that at least one of the founders attend the sessions and activities organised as part of pre-incubation and Incubation, to benefit from the sessions and workshops designed specifically for the program.
Pre-incubation is for a period of 3 months and Incubation is for a period of 6 months.
Startups selected for the 3 month program will get invites to attend virtual workshops, one-on-one mentoring sessions, masterclasses designed for Mobility startups, peer-peer learning activities and other networking sessions with our network of advisors and community of founders.
Pre-incubation will help us understand your venture better in terms of your business model, your strengths, challenges, and areas where support is required while you experience the NSRCEL’s way of engagement. Mentoring Interactions, workshops, sessions and events from NSRCEL and Maruti Suzuki can help to take your startup to the next level by building more clarity and being customer-focused.
The pre-incubation period will commence in the 1st week of November. We will update you with the calendar shortly.
2 members including the founder can attend the program.
After the Program
Neither NSRCEL nor Maruti Suzuki take any equity from the ventures,which are part of this program.
At the end of the three months, you will have the opportunity to pitch to our panel for being incubated and for funding support. Selected ventures will be incubated at NSRCEL for the next 6 months.
There is no funding support given to any startups during pre-incubation. Shortlisted ventures will enter a 6-month incubation program.
Winning startup(s) get a paid POC with Maruti Suzuki, and may become a Business Partner to Maruti Suzuki.
Eligibility Criteria
- Should be in operation for less than 5 years
- Should have received funding of less than ₹3.5Cr
- Should not have more than 50 member team
- Should be a technology based company
- Should be incorporated in India
