FMCIII’s Accelerator programs offer intense, rapid, and immersive education aimed at accelerating the life cycle of disruptive startups, compressing years’ worth of learning-by-doing into just a few months. They also give entrepreneurs access to a coworking space in Pune, network of mentors, advisers and educators, to get them rapidly ready to pitch their business ideas to potential investors. FMCIII also offers these startups help with setting up a company once they have graduated from the program.
To give early-stage entrepreneurs a head start in creating future change, FMCIII offers incubator accelerator program.
FMCIII now accepting applications for Startup India Seed Fund
Eligibility criteria for application :
1) A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
2) The startup must have a business idea to develop a product or a service with a market fit, viable
commercialization, and scope of scaling.
3) The startup should be using technology in its core product or service, or business model, or distribution model,
or methodology to solve the problem being targeted.
4)Preference would be given to startups creating innovative solutions in sectors such as social impact, waste
management, water management, financial inclusion, education, agriculture, food processing, biotechnology,
healthcare, energy, mobility, defence, space, railways, oil and gas, textiles, etc.
5) Startups should not have received more than Rs 10 lakh of monetary support under any other Central or State
Government scheme. This does not include prize money from competitions and grand challenges, subsidized
working space, founder monthly allowance, access to labs, or access to prototyping facility.
6)Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the
incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.