Karnavati Incubation and Innovation Foundation
presents
INVIGORATION 2019
-Â Energize your business ideas to life
Eligibility Criteria:
- Contest is open to all the current students and alumni of Karnavati University
- An undertaking to form a Pvt. Ltd. Company within 3 months (if not already formed) from the date of incubation
- The companies, so formed, should adhere to the definition of start-up as defined by Govt. of India start-up policy.
- In case of students’ initiative, they should opt out of the placement process on finalization
- Student should give an undertaking stating that he/she should not take full-time employment during the period of incubation
Selection basis:
Ideas shortlisted on basis of the eligibility criterion, would be judged by an expert committee on the following lines:
- Innovativeness of product/ service
- Social impact that the product/ service will make
- Business plan analyzing the future of the company/idea
- Profile and seriousness of the candidates to take the idea forward
Focus Areas
- Internet-of-Things (IOT)
- Augmented Reality & Virtual Reality (AR/VR)
- Wearable Technology
- Luxury, lifestyle and fashion
- Electric Mobility
Although focused on the above themes, we are open to the entire gamut of ideas for incubation
Terms & Conditions
- Selected candidates need to form Pvt. Ltd. Company within three months of Incubation.
- In case of students, selection would mean automatic withdrawal from the placement process
- Incubation would be for an initial period of 18 months. Extension can be given on the basis of the performance and genuine requirement of the start-up.
- The incubator may cancel the incubation of a company if it is found to violate the rules of the Incubator, University or of the country.
- Incubator would help get funds from Banks, Govt. agencies, Angel Investors and Venture Capitalist on terms and conditions set by them. The incubator, at no point in time should be held liable in any dispute arising between the financier and the start-up company.
- Selection would be basis the following:
-
- Innovativeness of product/ service
- Social impact that the product/ service will make
- Business plan analyzing the future of the company/idea
- Profile and seriousness of the candidates to take the idea forward
- The decision of the jury is final.
- All disputes are subject to Ahmedabad jurisdiction only
Karnavati University
Unitedworld Institute of Design