Startup Assam Information Hub

Resources

Assam Startup Hub: Key Resources and Services

The Assam Startup Hub offers various resources to support the growth of startups:

Key Services Provided

  • Office Space:
    Startups can avail up to 8 workstations free of charge for six months.
  • Internet Connectivity:
    High-speed internet access is provided.
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  • Meeting/Conference Rooms:
    Equipped with projection facilities for presentations and meetings.
  • Administrative Support:
    Access to a common secretarial pool for assistance with administrative tasks.
  • Equipment:
    The facility offers printers, photocopiers, and scanners for startup use.
  • Power Backup:
    Uninterrupted power supply ensures smooth operations.

Additional Support

  • Mentorship:
    Startups will have access to a pool of mentors with expertise in technology, legal, financial, and other fields, some with or without compensation.
  • Networking Events:
    The Assam Startup Hub organizes events to help startups showcase their technology, meet investors, and network with peers.
  • Startup Infrastructure:
    Access to government-owned or empanelled startup infrastructure such as biotech labs, design labs, testing labs, research parks, and more.
  • Power Backup:
    Uninterrupted power supply ensures smooth operations.

Application Process for Incubators and Startups

For Incubators

  • Registration:
    Incubators must register with the Startup Assam initiative (Annexure 5).
  • Application Review:
    The Startup Council will review the submitted applications after a thorough due diligence process. Site visits will be conducted to assess eligibility.
  • Approval and Fund Disbursement:
    Once approved, the incubator will receive the grant directly in their bank account. The grant will be disbursed in phases as per the budget plan and timelines approved by the Sub-Committee.

For Startups at Assam Startup Hub

  • State-Level Call for Applications:
    Applications for the Assam Startup Hub will be invited via an online portal.
  • Outreach Events:
    Social media promotions and outreach events will help promote the program.
  • Screening and Selection:
    Multiple rounds of screening, followed by a final pitch to a Selection Committee.
  • Due Diligence:
    A primary due diligence process will be conducted before final selection.
  • Cohort Selection:
    The final cohort will be selected within 60-75 days.

Incentives for Startups

Startups located within the Assam Startup Hub can benefit from the following facilities:

  • Office Space for up to 8 people free of cost for 6 months.
  • Internet Access, video conferencing, printer, photocopier, scanner, furniture, and more.
  • Networking and Mentorship opportunities with local and national industry experts.

Fund Release Guidelines for Incubators

  • Application Form:
    Incubators need to submit an online application (Annexure 5) to the Sub-Committee for approval.
  • Phase-wise Disbursement:
    The grant may be disbursed in phases, based on the approved budget plan and project milestones.
  • Timelines and Key Dates

    • Review Cycle:
      Applications for incubators will be reviewed by the Startup Council once a month.
    • Fund Release:
      Grants will be released based on the approved budget and project phases.
    • Selection of Startups:
      The final cohort of startups will be selected within 60-75 days from the initial application.

    For further details and the application forms, please visit the Startup Assam official portal.

    Summary of Resources

    • Incubators:
      Essential support for early-stage startups including capital, mentoring, office space, and networking.
    • Co-Working Spaces:
      Affordable, flexible office spaces with shared resources, ideal for early-stage ventures.
    • Assam Startup Hub:
      A centralized location offering comprehensive infrastructure, mentorship, and networking opportunities.
    • Financial Assistance and Incentives:
      Up to 75% of the project cost covered by the Government of Assam for setting up incubators.

    For more details, visit the official Startup Assam Portal

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