Innovation Model

The SIMS innovation cell at an operational level is responsible for nurturing innovative ideas by handholding the founders through the business proposal stage, identifying the target market, creating a minimum viable product/ service, technological guidance, industry exposure, pre-launch activities, consumer feedback and exposure to the investor community.

Pre-Incubation Model :

  • Support startup for idea generation
  • Technology feasibility .
  • Entrepreneurship awareness.
  • Training and development for business plan and presentation skills.

Access :

  • Acceptance of Business Proposal from the Incubatees.
  • Presentation by Incubatee.
  • Validate the concept or proposal along with feasibility study through domain experts.

Incubation :

  • Mentor incubate for new product or process development.
  • Assess the market situation or acceptability.
  • IPR certification.
  • Seed Funding.
  • Commercialization.
  • Product launching.

Completion :

  • Market research.
  • Business and growth assessment.
  • Client assessment and acceleration.
  • Tie up with marketing and sales agencies.
  • Product launch.

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