Application Scrutiny:

The centre scrutinises received applications with the help of a screening panel comprising experts from diverse backgrounds that includes

  • Venture Capitalists,
  • Startup founders
  • Mentors
  • Domain experts in technology & management of the area of the said technology,
  • Director and CEO LEAF
  • Business entrepreneurs and academicians from the domain area of the proposal.
Sr. No Venture Stage Selection Criteria Micro Criteria
1 Venture Conceptualization & Business model development The selection is based on candidate possessing business or technological knowledge required to develop the idea Innovation/Novelty of Concept Internal Team Capability - personal/professional references, education & qualifications & work experience
2 Technology/ Product development Based on the

1. Merit of the product being developed, IP, internal startup team understands of the product they are developing

2. Market potential of the product / service under development

All the above Product IP Market Potential Business Model Potential
3 Market testing/Product refinement Same as above and additionally including stage of product development All the above Product development progress Market validation of product & business model
4 Market Entry - Product/business model validation Based on team capabilities, market validation All the above Initial traction Pilot clients Investor feedback
5 Scaling up/Fund raising Based on market traction of the product and revenue potential All of above & in addition Revenue Generation User Feedback / Traction

Selection Criteria

Selection criteria at each of the above stages differ and the selection criteria applied is as follows.

Sr. No Venture Stage Selection Criteria Eligibility for Seed Support
1 Venture Conceptualization & Business model development The selection is based on candidate possessing business or technological knowledge required to develop the idea No
2 Technology/Product development Based on the

1. Merit of the product being developed, IP, internal startup team’s understanding of the product they are developing

2. Market potential of the product / service under development

Yes

For prototype development Maximum to the Extent of Rs. 25 lacs
3 Market testing/Product refinement Same as above and additionally including stage of product development Yes

Maximum to the extent of Rs. 25 lacs
4 Market Entry - Product/business model validation Based on team capabilities, market validation Yes

Maximum to the extent of Rs. 25 lacs
5 Scaling up/Fund raising Based on market traction of the product and revenue potential Yes

Maximum to the extent of Rs. 100 lacs