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Monday
Apr082013

Whats the Eligibility Criteria for the Resident / Pre-accelerator Programme?

We follow a slightly different model of building and accelerating Tech Startups.

We follow a three step model - Build Prototype. Build + Validate Product. Build Startup + Accelerate. We might be closely following the Lean Startup Model, if you could call it that.

There are three things that we look at, when we look at teams that apply for The Resident / Pre-accelerator Programme:

1. The Team

2. Solving a Real Problem

3. Ability to Execute

The Most Basic Requirement : A Functional Prototype

The Team

The Completeness of the team. Does the team by themselves have one skillset that they are complete on. If there is a designer, Hustler and a hacker who can come together to build a great product, that is brilliant. We would overlook the ability of the team to run a business, because thats an aspect we can quite well complement on.

Solving a Real Problem

(1) ranks quite high for us. So much so that we believe that the right set of folks, even if they are on the wrong idea, can eventually pivot themselves into the right one. However the first problem and idea that you pitch gives a very good peek into the way that the team thinks. So while we dont judge the idea, we do judge the thought process and decide whether its deep enough, a team that digs deep to understand insights, or is chasing trends.

Ability to Execute

At the Pre-accelerator stage, this would mean the ability of the team to code, to be able to build the product. We might not be taking in teams that cant code anymore - even though we did attempt that with 2 teams and have had very unfavourable results.

The Clincher: The Answer to the question - tell us one thing about the problem that you are trying to solve that we cant find by Google, but you have insight into it.

We take in teams each month, applications open till the 21st and we do intakes on the first week of each month. Apply here

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