Description of Idea

1). Brief write-up with broad details of the original idea/invention/Intellectual Property
Right /know-how available with individual(s), highlighting its originality/novelty and the
scientific principle involved, addressing:
a). Background(why the technology is required?)
b). Description (how in laymen terms the technology works?)
c). Advantages (What the technology does, over and above existing methods?)

2). Status of the work already carried out (highlight , multiple as appropriate)
a) Literature Survey/Patent search.
b) Development work done so far, if any, including involvement of agencies, consultation with
experts/mentors, please give details including IPR generated or ownership thereof.
c) Patenting of the innovation.
d) Sponsored subcontracted work with any external agencies.
e) Market Feasibility studies/ reports, if any, Consumers/users feedback, if any
3). Development status (how much further development is required and why?)
a) Is this your project area at the participating college?
Y/N
b) Is work in this area going to be performed in next 12 months (as part of ongoing research
activities)?
Y/N
c) How far do you estimate the work will progress in this time?
d) What is end product/Process/Output resulting from this idea/invention/innovation?
e) what are the potential applications and users of the end product?

Details of support sought from incubation centre.

1) Details of proposed project (attach business plan, if applicable)
a) Objectives
b) Core team members and their respective roles.
c) Mentors/advisors
d) Duration/time schedule (over 1 year)
e) Major activities to be undertaken during incubation over the next year (e.g. design ,
prototyping , field trial , demonstration, consultancy etc)
f) Proposed costs and time frame (Indicate investment requirements for first year of operation)
g) How will you promote/ advertise your products/services?
2. Are you currently occupying a facility? If yes, indicate the location and occupied area
in Square.feet. what is your approximate monthly cost for this facility?
3. Expected market potential-indicate the basis
4. Have you received/ sought support from any other body/ any other financial support
a) for your present work and b)for any other work?(if so, please furnish details)
5. Have you got any award for your innovation/ for proposed work? If so, give details.
6. Any other information relevant to the project that you wish to communicate with us?
7. Please list down monthly, quarterly and annual goals for incubation.

Business Plan Format

1) Problem you are solving.
2) Your value proposition-how do you solve customers problem?
3) What enables you-the magical technology or business model innovation that
differentiates you?
4) Your revenue model-how will you make money, pricing etc .
5) Sales and marketing strategy-how do you plan to spread the word around about your
solution?. How would you sell it?
6) Management Team- Who are the main team members and advisors?
7) Financial Projections- What are your cash flow projections- expenses and revenues?
How much money do you need to rise as investment? When would you start breaking
even operationally?

New Age Incubation Network

Application Form
1) Name and attach a brief CV (Maximum 1 Page) of {all}
person(s) associated with the project. (Provide complete contact
address with phone and email)
2)In the case of
promoters/directors.

company,

provide

details

3)Title of the proposed idea/innovation/invention

4)Name of the applying company and registration number
(If Applicable)

of

the