FAQ's

FAQ’s

• Who Can Apply?
  • An Applicant for admission to the Business Incubator of jTBI may be an individual or registered company.
  • Applicants should have a Technology based product/idea which could be of any or in combination of the following categories.
  • Preference will be for intellectual property based companies.
  • Faculty members - will have to obtain permission from the corresponding offices of the Institution to be part of jTBI.
  • Pursuing student- will have to obtain permission from his or her faculty guide and/or head of department for starting a venture and business incubation in jTBI. A letter from the guardian may also be needed. This is to avoid any academic or social conflict vis-a-vis incubatee companies as also with jTBI.
• What kind of support does a startup get ?
  • Infrastructure - Physical infrastructure with fully furnished office, conference room, meeting room, internet etc.at a very nominal cost.
  • Ecosystem - Benefit from the ecosystem at TBI and in JNTUH, Access to JNTUH labs, Proximity of technical and management expertise at JNTUH, Library resources and access to the talent pool of JNTUH like students.
  • Funding - Seed support on a case-to-case basis. Access to VCs, Angel Investors, Family Officers, Ultra HNI groups etc..
  • Business Mentoring - Business plan assistance, Mentoring support.
  • Business Process Support - Access to professionals with legal, financial, accounting, HR, IP, and industry expertise.
  • Technical Mentoring - Access to Technical Expertise from Academia and Industry.
  • Visibility / Branding Support - Showcasing events for exhibition of products and solutions, Networking events to facilitate interaction with investors and industries
  • Training - Access to Training programmes and seminars and Certifications Programs relevant to entrepreneurs and Inhouse Training Sessions.
• What is the Criteria & Process of Qualifying for Incubation?

  Criteria:

  Focus/Preferences of jTBI for incubation of proposals/business ideas shall be on the following basis:

  • IP and Product Based Start-ups.
  • Proposals with clear Market/ User validation.
  • Proposals with potentials for strong identifiable involvement or Usage of jTBI and JNTUH Resources.
  • Proposals which will have high growth potential, social and strategic impacts.

  
  
  

  After Initial Application screening there will be Two level of Review Process:

  Internal:
  Shortlisted applicants are notified by the jTBI team and invited for pitch Presentation(Online/Offline).

  External:
  After a successful internal review process, the Business plan is sent to at least 2 experts (Need based Virtual Pitch Presentation) who review the plan and provide their feedback and recommendations. The experts are usually from the domain with user perspective and/or an investor.

  Final Selection:
  Members of the selection committee select the new jTBI Fellows and selected Fellows will be notified for acceptance and followed by Contractual agreements signing..

• What does the Incubator expect from the incubatee?
  • Incubatee companies will enter into necessary agreements on the approval of the admission in the Business Incubator.
  • If the applicant is not a registered company, the applicant will have to register a company within a period of three months from the date of approval for admission in the Business Incubator.
  • Incubatee companies will be subject to continual reporting as per the Business Incubator (jTBI) policy and are governed by the policy guidelines (including any changes that are incorporated from time to time) during the tenure at the BI.
  • The company will be subject to periodic progress review to determine the progress and assess the growth projections and achievements of milestones.
  • jTBI has a revenue model comprising of
       - Equity Share.
       - Rent for a fully equipped office.
• What will be the duration of incubation provided ?

  The goal of TBI is to support startups in a way that will enable the business to graduate from the incubator in two to three years.

• How do I apply if the criteria are met?
  • To send your application for jTBI Incubation Click here