http://mdi.ac.in/images/pdf/Announcement_and_Attachments-TBI_may_2011.pdf

1. Announcement for Recruitment of Incubatees
Applications are invited from graduated MDI students and participants in part time
programs for the selection of incubatees for the Technology Business Incubator (TBI)
at MDI. Candidates are required to send their application to the following:
1. By email: to chairperson-entrepreneurship@mdi.ac.in
2. By post:
The Selection Committee
Technology Business Incubator
Centre for Entrepreneurship
Management Development Institute
Mehrauli Gurgaon Road
Sukhrali
Gurgaon 122001
The detailed procedure is given in the attachment.
Last Date for the receipt of application form is May 20, 2011
The applicants will be short-listed for an interaction.
Any queries may be directed to : chairperson-entrepreneurship@mdi.ac.in
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2. Selection Process for Incubatees
Eligibility
o Alumni of MDI from a full time or part time program
o All graduates of the Armed Services program
o All part time students who are not sponsored, provided they leave their employment on
being accepted in the incubator
o All MDP participants who have finished their MDI stint at least 2 years ago
o The applicant should have developed the idea into a business proposal before making the
application
o The business proposal should be technology oriented, or technology enabled ( an organic
farm in Pithoragarh will probably not qu alify!)
Application
o Candidates are required to make application (Annexure I) in the prescribed format
addressed to the Centre for Entrepreneurship.
Any other supporting documents may be brought to the interaction
Selection Process
o Application to be received by May 20, 2011.
This will be followed by
o Intimation on short listing
o Presentation and interaction
o The presentation and interaction with the selection committee for about 30 minutes. A
presentation of no more than 15 minutes will be made by the applicant(s)
o Final selection for incubation will be made considering both the quality of the proposal as
well as the performance before the Selection Committee
Selection Criteria
o Quality of idea
o Maturity of development of idea
o Capability of team to execute idea
o Commitment to idea
o Financial strength of startup
o Fundability of startup
o Alignment with MDI mentoring capability
Selection Committee
o Representative of the Department of Science & Technology, Govt. of India
o Representative(s) of the Centre for Entrepreneurship
o Other MDI Faculty
o Investor/ Entrepreneur
Service Offerings of the Incubation Centre
o Office Space - including computing, network connectivity, conferencing, and library.
o Support from faculty and MDI's network in business and technology aspects
o Possibility of getting suitable Mentor from relevant industry
o Possibility of seed-funding through various government or private agencies
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3. o Other Support - including business plan preparation, fund raising, legal etc
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4. Annexure I: Application Form
Management Development Institute, Gurgaon
APPLICATION FORM FOR INCUBATION
(please create space/use additional sheets where necessary)
Personal Information
Name of Company
Name of the Applicant:
Date of Birth:
Nationality:
Contact Address:
Education
Telephone:
Fax:
E-mail:
Web-Site:
Work Experience
Partners/Directors 1.
2.
3.
Executive Summary
Mission
BUSINESS/ IDEA DETAILS
1. Title of your Business proposal for Incubation
2. Brief Description of the Produc t/Services business you plan to incubate at MDI
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5. 3. Stage of Startup ( tick all that is necessary)
a. Idea
b. Prototype
c. Customer
d. Revenues
e. Profits
4. Brief description of the expert inputs you hope to resource from MDI (Please also
indicate names of faculty member(s), dept./centers of the Institute you plan to
associate and facilities to be used)
5. Have you interacted with the concerned faculty and has he/she/they consented to
collaborate with you?
6. Have you prepared a Business Plan for three years? If yes, please submit a copy.
7. Please indicate your sources and uses of funds for the first three years.
8. Profile of your Company, if already registered.
(Type of business, details as date of registration etc., membership of stock
exchange if any, key personnel/associates, specific achievements etc.)
9. Please give names and address of up to 3 referees who are acquainted with your
career profession/ achievement.
10. Any other detail which would help in evaluating your proposal
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6. FACILITIES REQUIREMENTS:
1. Why do you want to locate in the MDI Incubation Centre?
2. Infrastructure requirement for space, workstations or PCs:
3. Specify requirement of Mentoring and other professional services/ support:
4. Indicate how your business might benefit from access to MDI’s human and physical
resources.
5. If accepted as an incubatee, when would you want to start occupancy in the
Incubator?
6. How many total employees will be occupying space? (give details year wise)
Full- Time __________
Part-Time ___________
7. Are you currently occupying a facility (either in your home or at a commercial
location)?
If yes, what is your current occupied area in square ft.? What is your approximate
monthly cost for this facility?
Rent: Rs.______________ Utilities: Rs. ____________________
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