A business incubator is a company that helps new and startup companies to develop by providing value added services to startups like incubation, mentoring, legal, administrative assistance, secretarial services, accounting services, technical intellectual property related services and to have tie up with the entities having similar objectives. Business incubators act as a catalyst tool for either regional or national economic development.
JIIF is developing Incubation centers across 6 metros and shall tie with other at other locations. JIIF will provide:
JIIF Incubation Centre highlights:
Every JITO Member is eligible to become a member of JAN by –
Members can invest as low as Rs. 5 lacs in a certain deal. Mostly, total investment size would be Rs.50 lakhs-5 Crores but the members may invest more or less depending on the funding requirements of the company and the interest of the members. If the investment size is larger, JAN may syndicate the investment with other investor groups.
Yes definitely; in fact it is one of the primary sources of deal flow and members are encouraged to refer deals that they find attractive to the Network.
A Deal Lead will be nominated for all interactions and decisions on behalf of all Investors in a given startup and he will be authorized to represent the group for all practical purposes. A Deal Lead would usually be the investor who has a significant stake in the startup, required expertise to guide and mentor and is willing to invest time for the success of the startup.
Yes, Post Investment committee and JIIF Secretariat will help track the performance periodically and provide quality inputs for informed decisions at every step.