IGNIS Program
The Ideation, Growth, Nurture, Incubation and Scaling IGNIS Program by IIMV FIELD and EPIC (Student Entrepreneurship Committee) is a comprehensive initiative aimed at fostering technology entrepreneurship among students and early-stage technology startups in the Andhra Pradesh and Telangana regions by equipping them with the necessary tools, knowledge, and resources to develop their innovative ideas into scalable business ventures. Recognizing the unique challenges faced by student entrepreneurs and early-stage founders, the program is structured to guide ventures through each critical phase of their entrepreneurial journey—from ideation to market launch.
Key Features of the Program
- Non-cohort basis: IGNIS is a non-cohort based program. This means that a startup can apply at any time for entry into IGNIS.
- Three entry points: Entry for startup founders into IGNIS can be at three different stages (Ideation , Growth & Networking , or Incubation & Scaling stage). Based on the nature of the startup, the IIMV FIELD and EPIC team will decide on which stage the Venture needs to be accommodated in.
- Technology focussed startups: IGNIS program focuses only on startup ideas that have a significant technology (Information Technology) base.
- Aimed at developing the region: Startups from Andhra Pradesh and Telangana will be given preference for entry into IGNIS.
ENTRY POINTS INTO IGNIS
Ideation stage
Eligibility: Any startup founder or aspiring startup founder with ATLEAST an idea that they want to pursue, for which the solution must incorporate technology. This stage requires participants to demonstrate a clear understanding of the problem they are addressing, provide preliminary market research insights, and articulate a feasible business idea with potential customer segments.
Growth & Networking stage
Eligibility: The startup must have at least an MVP that they have taken to customers and received initial feedback on. Participants must have a defined business idea and completed initial market validation for their product or service. They must be seeking assistance for enhanced customer engagement and larger-scale testing.
Incubation & Scaling stage
Eligibility: Startups must possess a registered legal entity, a comprehensive business plan that includes operational and financial strategies, at least enough self/friends and family funding for 12 months, and show readiness for investor engagement with a refined go-to-market strategy.
RESOURCES AT EACH STAGE
Note: Based on the nature of the startup, the IIMV FIELD and EPIC team will decide on which stage the Venture needs to be accommodated in.
Opportunities for Startups, Eligibility Criteria, Selection Criteria, Application Process, Application Form, Program Timelines
Click here to download the program brochure which contains all the details.
Frequently Asked Questions
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