FAQ

Q1.What is a business incubator?

A1. An organization which provides a conducive environment for successful development of start-up ventures by providing the entrepreneurs with proper guidance and specialized services.

Q2. Why does venturepark Incubator provide its services remotely?

A2. When the incubator services are provided remotely, without the entrepreneur having to relocate to the premises of the incubator, it becomes a virtual incubator. Instead of distancing entrepreneurs from their current support systems that they must have built and uproot them from their locations, the IAN Incubator reaches out to the entrepreneurs at their respective locations through a robust online technology platform.

Q3. Venturepark provides Incubation Services and connects to Angel Investors. What’s the difference between both? What should I apply for?

A3. If you have an innovative concept/technology and you want to convert it into a product/service and build a business around it, then you should apply to the incubator. However the Incubator does not ensure Angel Investment for the Incubatee company.

However, if the product / service is already developed, the business plan is finalized, you have one or two clients in place, and you are looking at scaling up your business then send your b-plan for Angel investing.

Q4. How does the Incubator ensure secrecy of my Business idea?

A4. The incubator shall take all the measures to ensure that any information submitted by the entrepreneur is treated as confidential. The Incubator team members as well as all the evaluators, mentors and subject matter experts sign a Non-Disclosure Agreement (NDA) with the Incubator agreeing to keep the information confidential. However, the Incubator does not sign individual NDAs with each entrepreneur.

Q5. How do I apply to the Incubator?

A5. Click here to go to apply now.

Q6. I am already being incubated elsewhere. Can I still apply?

A6. Yes. Incubatees from other incubators are welcome to access business mentoring and networking with successful entrepreneurs by joining the venturepark incubator.