Open Incubator Network

1. Open Incubator Network

2. Index • Context • Concept of OIN • Services • Responsibility Matrix • Commercial Model • Benefits • OIN @ SRCOEM

3. Context • Yearly over 1000 companies are set up promising to offer new services and products in India • However, only 40% survive the first year and only 10% survive till end of second year • Most failures due to lack of • Mentoring • Infrastructural Support • Funding • Interested Clients

4. Concept of OIN • Development of a network of Incubators in association with Educational Institutes across India • Supported by IncuCapital, an early stage Venture Capital firm • Incubators designed to provide basic office infrastructure support to startups at reasonable prices • Provide Mentoring support to Entrepreneurs, assist in fund raising and connect with right network to expand business

5. Concept of OIN (contd.) • Open work culture to foster innovation and creative thinking • Incubator property of Education Institute but required to adhere to OIN guidelines • Startups provided access to every incubator part of OIN

6. Services • Mentoring: OIN in association with IncuCapital will provide Mentoring to all startups within the incubator • Marketing: Develop and market incubator to potential clients • Business Model: Minimum one review of Business Model for every startup incubated • Funding: OIN will assist startups in raising funding, connecting with various Angels and VC firms • Events: Planning and organization of events in and around of incubator

7. Responsibility Matrix Institute • Provide necessary space and infrastructure as per established guidelines • Office Space with ergonomically designed furniture • Electricity • Internet Connection preferably over Wi-Fi • Provide access to Alumni base to assist in success of startups incubated • Encouraging staff/faculty to work with Startups and assist them in their endeavors • Assist in marketing activities for the Incubator • Management of daily administrative within incubator

8. Responsibility Matrix (contd.) • OIN • Setting up and management of Incubator • Access to startup in other incubators in its network • Mentoring support • Assistance in Fund raising • Planning and Organization of events • Engagement with Industry

9. Commercial Model • Start ups pay a reasonable rental fee • OIN and the Institute will mutually arrive at the minimum and maximum based on: • The market forces as sensed by OIN • The social cause for which the Institute has a commitment • The objective is make the incubator sustainable with the rental fee itself

10. Commercial Model (contd.) • OIN through the Institute will also work on accessing extra funds from government or corporate CSR pools and other contributions (including sponsorships etc.) • OIN will charge the incubator 50% of the Revenue Surplus • Revenue Surplus to be calculated as Gross Total Revenue (from all sources) minus the Total Expenses of the Incubator (not including any investments or Capital Expenditures)

11. Benefits • Branding: Institute name is highlighted as and when any incubated startup is covered in any news • Mentor Access: Students can benefit from interacting with various Angels, PE/VC firm representatives and financial experts, who will be involved in mentoring • Industry – Academia Tie- up: Institutes get opportunity to tie-ups with various Industrial organization who will be assisting in this venture • Student Exposure: Institute students get opportunity to interact with Entrepreneurs and even gain work experience by working with Startups

12. OIN @ SRCOEM

13. Proposed Layout Proposed number of seats – 18

14. Proposed Rate

15. Revenue Projections • Maximum No. of Seats (A) – 18 • Average Revenue per seat (B) – INR 4,250/- • Maximum Expected Revenue (A x B) – INR 76,500/-

16. Revenue Projections (contd.) • Maximum Expected Revenue – INR 76,500/-