ICAI offering incubation centres to start-ups founded by chartered accountants
ICAI has invited applications from start-ups desiring space and facilities at incubation centres proposed at ICAI Bhawan, BKC, Mumbai.
A startup incubator is a collaborative program designed to help new startups succeed. Incubators help entrepreneurs solve some of the problems commonly associated with running a startup by providing workspace, seed funding, mentoring, and training (see list below for a a more extensive list of common incubator services). The sole purpose of a startup incubator is to help entrepreneurs grow their business.
In view the limited seats, applicants have been advised to submit all relevant documents/information in support of their application at https://cpabiplacements.icai.org under expression of interest head, on line.
Applications are open round the year. Consideration on application is subject to availability of space and suitability of application with ICAI norms.
Eligibility of the applicant:
Selection Process:
The selection process has been explained as under :
1. Receiving applications online for establishment of following types of Incubatees:
Local Entrepreneurs
Startup Companies
Spin-off from University or R&D Centers
Social Venture or Grass root ventures
2. Shortlisting of application by Start-up screening Committee (SSC) formed at regional level. The meeting of aforesaid Committee will be periodically, alteast once a quarter.
First meeting of Start-up screening Committee (SSC) is planned in 3rd -4th week of June 2018.
3. The evaluation is based on disruption in the market and other important criterion covered in Selection Matrix is as under:
Innovator(s) | Innovators quality, background & qualification as CA Good communication & Presentation skills |
Innovation | Solving practical & real problem Disruption |
Market | Innovation in growth sector Strong network effect & first-mover advantage Intellectual Property & Entry Barriers |
IP | Strong R&D capability |
4. Shorlisted applicants would be required to make Presentation before aforesaid Committee.
5. The final selection of incubatees will be made by Start-up screening Committee (SSC).
6. A formal communication will be sent to the applicant along with necessary documents including terms and conditions.
Note: No TA/DA will be given to the members for presenting their ideas/applications.
The following infrastructural and other facilities shall be provided at the proposed t incubation centres:
Disclaimer: CMI&B of ICAI reserves the rights to change its policy regarding the programme, dates, venue etc., at any point of time as per its discretion.
For further details please contact at:
Committee for Members in Industry & Business
The Institute of Chartered Accountants of India,
‘ICAI BHAWAN’, Indraprastha Marg,
New Delhi – 110002
Tel: 011-30110450/30110491
Chairman, CMI&B, ICAI
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