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Wednesday
Apr132011

TSC Resident programme Applications Now Open

Applications are now open. You can Apply by visiting http://rapply.thestartupcentre.com

Some of you had hinted on asking what the TSC Resident Programme is all about. For the sake of clarity, here are the details on it.

The Resident Programme is a Co-working Initiative by The Startup Centre. The initiative is primarily driven to accomodate founding teams of early stage startups that are probably working on their ideas, and prototypes and in most circumstances stand to benefit in the company of like minded entrepreneurs who are also building products.

The Resident programme, will function in batches and the call for applications for the first batch of The Startup Centre Chennai, opened as of Today. It will close on April 22nd. We are looking for 10 - 15 Teams (20 individual in total) who will be working out of the TSC premises. This would be out of our premise in Chennai at the Alsa Mall in Egmore.

There is a certain cost attached to it. Single Founders working out of there will be charged a monthly fee of Rs. 7500 and Two founder teams will be charged Rs. 10,000 per month and the period of this service is for a period of six months. The intent is that in six months once your prototype, and first set of clients are identified, and as the team expands, it might be time to move out. And Yes we are purposefully leaning towards two founder teams (a startup might be too much for one person)

10 Compelling Reasons for You to be Part of the TSC Resident Program

  1. Imagine a Hackathon/BarCamp like environment everyday of the year! It’s Entrepreneurs working as if their life depends on it everyday—sitting, maybe at the edge of their seats, at home reading TechCrunch and wondering what’s happening in Silicon Valley. At TSC, you are not alone; you’ll have buddies who are entrepreneurs themselves, some of them at the same stage like you.

  2. A group of Entrepreneurs who have their “babies” (ideas just taking shape as a startup) at the same stage of business progression similar to yours provide a fantastic “buddy” support system to sharpen your idea and deepen your business value proposition. Most ideas simply are shallow to survive the first cut of market reality. But you'd have to be around awesome Entrepreneurs, like at TSC, to help you craft a go-to-market strategy like a knife through butter.

  3. Entrepreneurs learn something new everyday, and they learn things the hard way, maybe through experiences. But how about making your learning curve shorter? With a group of Entrepreneurs around you to give their experience in TSC, you will refrain from a mis-steps straightaway. And learning something new from their experience is invaluable. If the beta testing of TSC is anything to go by, we are learning something new, just by being an observer.

  4. The Hub at TSC aggregates the energy of the Local Startup Ecosystem and cross- functional learning. Don’t miss out! Be at the Centre of it.

  5. Share and Borrow the skill sets of each other at TSC. If you are a designer, trade that skill for someone's skill to architect your system. We know you might not have the money to hire people, but you might have a skill to trade. Hustling is part of the Startup process.

  6. Entrepreneurship is a lonely journey. It may be a moment’s weakness in which you might give up or laze around a target. At TSC, experienced Mentors are around to poke and nudge when required, to keep you on target. They won’t do your work for you, but will certainly keep you on track when you need a voice of reason.

  7. Form the Apex of the Startup Ecosystem and the Benefit of Association, with a brand that carries the trust of people who have been pioneers of the Indian Startup Ecosystem. Need to say more?

  8. Leverage the TSC brand to attract talent, be it interns or a workforce to take your vision forward.

  9. Public opinion would tell you that we are based out of a location (http://bit.ly/ hYlIfu) that’s quite close to the heart of the city—in a kickass address, with proximity to eateries that are up through the night and importantly at a cost that is startup- friendly!

  10. Did we tell you that we have an accelerator programme coming up? Rumor is that some of these companies will make the cut to be part of that, if not, still go on to become great companies in their own way.

Please note that not all companies that apply will be selected for the programme. We will have a selection criteria based on the kind of product/service the teams are working on, the stage they are at, the skillsets they bring to the table etc and various parameters that will help us give an idea of the synergies that the overall programme will yield for all the entrepreneurs who are part of it.

Also note that the Resident Programme is not an incubation Programme. While there will be a lot of peer driven support, and we have firsthand experience to believe that they are the best kind of support you can get, there will not be any formal mentor support or funding guarantees etc (that incubators generall tend to promise) attached with this programme.

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