Objectives of Sarthi-FMCIII Incubation program:
To encourage graduating student to take to entrepreneurship by providing support as a fellowship from the tageted groups.(Maratha, Kunbi, Maratha-Kunbi and Kunbi-Maratha)
To provide a prestigious forum for deserving and budding entrepreneurs to pursue their ventures without any additional risks involved in technology based businesses.
To create, nurture and strengthen a pipeline of entrepreneurs for incubators
To make pursuing entrepreneurship related to a technology business idea more attractive among available career options.
To enable creation of new start-ups by entrepreneurs and significant progress towards raising funding or investment.
The Opportunities Under Sarthi- FMCIII Incubation Programme Includes
- Guidance from experienced, innovative and highly successful entrepreneurs on the business concept, strategy or venture and insight into specific industries or markets.
- End to end mentoring support from idea validation to business plan drafting.
- Best practices for starting a business and broaden the professional network.
- Office spaces for developing the idea into a marketable product.
- Guidance to apply for government grants of higher TRL, funding network and ecosystem network, and individuals who will support them in their initial startup journey.
Sector Focus of Sarathi-FMCIII Incubation program Technologies
Agritech
Agriculture
Foodtech
IOT AIML
Renewable Energy
Eligibility Criteria:
- The applicant should be domicile of Maharashtra
- The applicant should be graduated.
- The applicant should belongs to the caste: Maratha, Kunbi, Maratha-Kunbi, Kunbi-Maratha.
- The applicant should have his/her own idea of innovation which he/she has to convert into scalable technoly business model in next one year.
- The applicant should give his/her full time into his startup.
- The applicant should not having any parallel income source.
- The applicant should attend every events at Sarathi and FMCIII Institute, also be there whenever any official from Sarathi and FMCIII Institute will ask to come.
Funding Mechanism:
Support Fellowship Grant:
- The Sarthi-FMCIII Incubation program fellow recipient will be eligible for grant of Rs.25, 000/- per month for a period of 12 months. Hence total maximum support to be capped at 3, 00,000 /- for each selected fellow.
- Duration: 12 months based on the milestone completion and achievement submission of monthly progress report
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