Champions with Options to Manage and Build an ArmourTogether against Covid (COMBAT-C) is a one-of-a-kind program introduced to help the community fight the global pandemic, Covid-19. People across the world are extremely anxious and are living in fear. While essential services have been stretched too thin, industries have come to a crippling halt and Governments and communities are frantically looking for solutions, Start-ups with innovative solutions may be the answer in such challenging times. This program aims to hunt, identify, accelerate start-ups having concrete solutions to SAVE LIVES, SAVE COMMUNITY, and SAVE BUSINESS.
The startups selected for this accelerator programme will be offered multiple benefits. The highlights of the programme and the benefits for the selected incubatees are as follows :
This accelerator program is aimed at start-ups with solutions that have commercially validated prototypes / are launch-ready / in pre-revenue / in revenue, working to :
You may go to the application page http://contest.iimcip.org/apply-now/combat-c and apply. In case of any doubts, kindly email email@example.com.
How will I know if my application is selected?
The list of selected candidates will be published on the IIMCIP webpage (www.iimcip.org). The selected candidates will also be notified through their registered email id.
What is IIM Calcutta Innovation Park (IIMCIP)?
IIM Calcutta Innovation Park (IIMCIP) is a not-for-profit company set up under the aegis of IIM Calcutta to promote entrepreneurship and innovation. It has established itself as a premier hub of entrepreneurship development in East and Northeast India.
What is Pernod Ricard India Foundation (PRIF)?
Pernod Ricard India Foundation (PRIF) has been recognized as a Global Compact LEAD company, demonstrating its ongoing commitment to the United Nations Sustainable Development Goals and its Ten Principles for responsible business. The Group is the only wine and spirits company to receive this recognition this year. It has always been committed to driving sustainability and creating impact.
What is an incubator?
An incubator is a brick and mortar structure that houses the desired support services in terms of management, technology, experts, essential services, and associated services that are required for helping new and growing businesses.
What is Mentoring?
Mentoring involves hand holding/advising/building capacities of individuals or a group of individuals and guiding them about their respective activities/domain/businesses. This requires counseling, training, and guidance by experts. A mentor can be anyone who helps an individual learn and understand the nuances of a particular activity/work/business/art/trade. Mentors usually have long years of hands-on expertise in their area of work and have demonstrated success in their field.
What is Seed Capital?
Seed Capital refers to the money that is required to start a new business/for an early stage business to grow. Seed Capital may be used by a company to develop its product/service, business infrastructure, permits, licenses, inventory, manufacturing, marketing or any other expense that it is specifically intended/allocated for.
What is Equity?
In the most simple form, ‘Equity’ is the promoter’s money invested in the business. There are more sophisticated forms of equity capital when more investors invest in the business. It is the risk capital the investors bring into the business.
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