COMBAT-C



About the Program

Champions with Options to Manage and Build an ArmourTogether against Covid (COMBAT-C) is a one-of-a-kind program introduced to help the community fight the global pandemic, Covid-19. People across the world are extremely anxious and are living in fear. While essential services have been stretched too thin, industries have come to a crippling halt and Governments and communities are frantically looking for solutions, Start-ups with innovative solutions may be the answer in such challenging times. This program aims to hunt, identify, accelerate start-ups having concrete solutions to SAVE LIVES, SAVE COMMUNITY, and SAVE BUSINESS.

Program Benefits

The startups selected for this accelerator programme will be offered multiple benefits. The highlights of the programme and the benefits for the selected incubatees are as follows :

  1. The program duration will be of 6 months
  2. Five start-ups will be selected as Incubatees to the accelerator programme
  3. A cumulative Seed Fund Corpus of Rs 1 crore for incubatees, post evaluation
  4. Mentorship & Guidance from IIM Calcutta Innovation Park
  5. Access to IIM Calcutta Innovation Park Network
  6. Market Linkages and Investor Connect

Timeline

  1. Call for Applications:
    Start Date: April 13, 2020
    End Date: May 3, 2020
  2. Announcement of First Shortlist:
    May 13, 2020
  3. Announcement of Second Shortlist:
    May 18, 2020
  4. Announcement of Selected Candidates:
    May 24, 2020
  5. Onboarding:
    To be Announced

Eligibility

This accelerator program is aimed at start-ups with solutions that have commercially validated prototypes / are launch-ready / in pre-revenue / in revenue, working to :

  1. Save Lives
    • Medical Diagnostics and Treatment of COVID-19
    • Personal Protection and Hygiene
    • Containing the Spread of the Virus
    • Digital Diagnostics, Tracking and Data-Analytics
    • Mental & Physical Wellness
  2. Save Community
    • Communication about COVID-19
    • Containing Fake-News
    • Remote School Education / e-Learning
    • Protection of High-Risk Groups (Children, Senior Citizens & Medical Personnel)
    • Life in Quarantine and Lockdown
    • Mobilizing Social Support Communities
    • Supporting Day Labourers and Bottom-of-the-Pyramid Communities
  3. Save Business
    • Remote Work
    • Stabilizing Affected Businesses (Farmers, Retail, Craftsmen, etc.)
    • Delivery Supply Chains
    • Bringing Offline Businesses Online

Terms and Conditions

  1. The information provided through the application will be kept strictly confidential and will be used for the program only.
  2. The decision of the organizing team, regarding the selection of candidates, is final, firm, and binding.
  3. The application and/or incubation will be cancelled if misrepresentation of facts is found at any point in time.
  4. During various stages of the program, the participants need to disclose information about the company.
  5. The seed funding to be provided to the entrepreneurs will be against equity (to be decided at the time of funding).

How to apply?

You may go to the application page http://contest.iimcip.org/apply-now/combat-c and apply. In case of any doubts, kindly email contact@iimcip.org.

Frequently Asked Questions

How will I know if my application is selected?
The list of selected candidates will be published on the IIMCIP webpage (www.iimcip.org). The selected candidates will also be notified through their registered email id.

What is IIM Calcutta Innovation Park (IIMCIP)?
IIM Calcutta Innovation Park (IIMCIP) is a not-for-profit company set up under the aegis of IIM Calcutta to promote entrepreneurship and innovation. It has established itself as a premier hub of entrepreneurship development in East and Northeast India.

What is Pernod Ricard India Foundation (PRIF)?
Pernod Ricard India Foundation (PRIF) has been recognized as a Global Compact LEAD company, demonstrating its ongoing commitment to the United Nations Sustainable Development Goals and its Ten Principles for responsible business. The Group is the only wine and spirits company to receive this recognition this year. It has always been committed to driving sustainability and creating impact.

What is an incubator?
An incubator is a brick and mortar structure that houses the desired support services in terms of management, technology, experts, essential services, and associated services that are required for helping new and growing businesses.

What is Mentoring?
Mentoring involves hand holding/advising/building capacities of individuals or a group of individuals and guiding them about their respective activities/domain/businesses. This requires counseling, training, and guidance by experts. A mentor can be anyone who helps an individual learn and understand the nuances of a particular activity/work/business/art/trade. Mentors usually have long years of hands-on expertise in their area of work and have demonstrated success in their field.

What is Seed Capital?

Seed Capital refers to the money that is required to start a new business/for an early stage business to grow. Seed Capital may be used by a company to develop its product/service, business infrastructure, permits, licenses, inventory, manufacturing, marketing or any other expense that it is specifically intended/allocated for.

What is Equity?
In the most simple form, ‘Equity’ is the promoter’s money invested in the business. There are more sophisticated forms of equity capital when more investors invest in the business. It is the risk capital the investors bring into the business.

Contact Us

Email ID: contact@iimcip.org
Phone #: +91 9945533886