Electrifi

Electrifi - Business Accelerator Program (Promoted by JSS IT Business Incubator and TiE)

Objective To accelerate the product development and go-to-market to test fast and make a sustainable start

Eligibility
  • Indian entity registered with Registrar of Companies, Govt. of India
  • Should be less than 3 years on 1st Nov 2018 from the incorporation date
  • Companies working in any of the technologies - Artificial Intelligence (AI), Machine Learning (ML), Neuro-linguistic Programming (NLP), Internet of things (IOT) or Blockchain
  • Start-ups have or should be able to complete their product development within 8 weeks from the launch of the program

Program 10 start-ups will be selected for 16-weeks (engagement of 1 day each week) deep-dive immersion to help finalize product development and take-to-market

Rewards Each start-up selected for the cohort will be eligible for minimum Rs 10 lakhs and maximum of Rs 20 Lakhs as seed money from JSS seed fund (Supported by DST). It will be disbursed based on the venture stage and will be in the form of equity – 4% for each Rs 10 Lakh or pro-rata.
Also be eligible for the following awards

5 awards categories are (all using one of the above technologies)
  • Most promising technology start-up
  • Most Innovative business use case
  • Start-up 2018 in B2B segment
  • Best Potential Women driven start-up
  • Most impactful social venture
“Most Promising technology start-up” winner will get Rs 1 Lakh as award and other four prizes will get Rs 50,000 each. All will get certificate and virtual mentoring along with JSS partner network credits and benefits. Awards jury will be eminent business and technology professionals from the industry.

Selection Criterion
  • Execution ability of the team
  • Market acceptability of the idea
  • Practicability of the business idea
  • Scalability
  • Solution impact

Schedule – Important Dates
  • Call for Entries                                  – 10th August 2018
  • Entries Close                                     – 10th September 2018
  • First Round Jury                                – 10th Sep to 15th Sep 2018
  • Second Round Jury                          – 17th Sep to 21st Sep 2018
  • Final Shorting and Mentoring        – 24th Sep 2018 to 28th Sep 2018
  • Live Pitch Session                             – 1st October 2018
  • Electrifi Program Commences        – Late October 2018

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