Home  VIT-TBI Services Services at Different Stage |
Any venture start-up has to go through the following stages of development.
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A. Ideation / Innovation stage
|  Concept development / Opportunity spotting
| Market assessment / Competition analysis
| First level Business Planning / Business Modeling
| Founding Team formation
| Intellectual property safe guarding
| Seed Funding
B. Incubation Stage
| Mentoring
| Advisory board
| Proof of Concept/ Prototyping
| Financial Assistance
| Test marketing
| Full scale business planning
C. Implementation Stage
| Full scale Business Planning
| Pitching for Venture Funding
| Scaling up operations
| Large scale commercialization
| Mature Team Formation
D. Take off stage
| Going National / Global
| Initial Public Offering
| Exit provisioning for Venture Capitalists
| Full scale business Graduation
| VIT-TBI can assist potential and qualifying ventures / incubatees by supporting them from stage A to C, as described above and if needed, can extend the support during stage D also. The role of VIT-TBI will also depend on the individual cases, their strengths, weaknesses and extent of support required by the tenet incubatees.
| | VIT-TBI can, all incubation center, only assist the venture promoters in all these stages, but can never replace entrepreneurship demanded from the promoters for business. Hence, the entrepreneurship of the promoters play a very important role in this success of these ventures. To encourage entrepreneurship, VIT-TBI will train the potential entrepreneurs and guide them through the process of business venturing through interactive workshops and constant nurturing.
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