Announcement



Committee for Members in Industry & Business (CMI&B), ICAI seek applications
from start-ups desiring space and facilities at incubation centres proposed at ICAI
Bhawan, BKC, Mumbai.

Keeping in view the limited seats available applicants are advised to furnish all
relevant    documents/information     in   support     of    their   application at
https://cpabiplacements.icai.org under expression of interest head, on line.

Applications are open round the year. Consideration on application is subject to
availability of space and suitability of application with ICAI norms.



Eligibility of the applicant:

    At least one of the Director/ Co-founders of the startps must be Chartered
    Accountant.
    Start up means the start up defined under Gazette notification no. GSR
    364(E) dated 23rd May, 2017 and revised thereafter from time to time issued
    by Ministry of Commerce & Industry, department of Industrial Policy &
    Promotion.






SELECTION PROCESS

      Receiving applications online for establishment of following types of
      Incubatees:

      Local Entrepreneurs
             o Solving the Local Problems.
             o Team member is Local and well versed with the problem.
             o MVP or Prototype.
             o Easily Scalable.
             o Less Funding required to go to market.
      Startup Companies
             o Product and prototype with tractions.
             o A valid business model understood from the get go
             o A business that is in a rapidly growing market
             o An experience Team with Technical, Business and Sales expertise.
      Spin-off from University or R&D Centers
             o Scientific/technical merit
             o Scientific basis for the expected commercial application
             o Novelty, technical complexity, technical risk and feasibility
             o Appropriateness of work plan, milestones, deliverables and decision
               Points.
     Social Venture or Grass root ventures.
            o Transformative Social Change
            o A new product or service;
            o A new production or distribution method;
            o A new labour supply;
            o The reformulation of an existing product for an underserved population

     Shortlisting of application by Start-up screening Committee (SSC) formed at
     regional level. The meeting of aforesaid Committee will be periodically,
     alteast once a quarter.
     First meeting of Start-up screening Committee (SSC) is planned in
     3rd -4th week of June 2018.
     The evaluation is based on disruption in the market and other important
     criterion covered in Selection Matrix is as under:

        Innovator(s)        Innovators quality, background & qualification as
                            CA
                            Good communication & Presentation skills
        Innovation          Solving practical & real problem
                            Disruption
        Market              Innovation in growth sector
                            Strong network effect & first-mover advantage
                            Intellectual Property & Entry Barriers
        IP                  Strong R&D capability


     Shorlisted applicants would be required to make Presentation before aforesaid
     Committee.
     The final selection of incubatees will be made by Start-up screening
     Committee (SSC).
     A formal communication will be sent to the applicant along with necessary
     documents including terms and conditions.

Note: No TA/DA will be given to the members for presenting their
ideas/applications.






INFRASTRUCTURE AND OTHER FACILITIES

     The space and facilities would be provided for six months which may extend
     further only for 6 months, not beyond that.
     Sharing phone-lines/ wi-fi-/ internet/ printer will be made available.
     The space allotted would be solely used for start-up business purpose only.
     ICAI would facilitate linkage with various Government schemes meant for
     start-ups.
      The existing sharing facilities including Seminar halls, board rooms, common
      meeting rooms would be made available to start-ups on demand subject to
      availability and it is the sole discretion ICAI to accept or reject the request.
      Efforts would be made to provide mentoring and knowledge up-gradation.



Disclaimer: CMI&B of ICAI reserves the rights to change its policy regarding the
programme, dates, venue etc., at any point of time as per its discretion.



For further details please contact at:

Committee for Members in Industry & Business
The Institute of Chartered Accountants of India,
'ICAI BHAWAN', Indraprastha Marg,
New Delhi - 110002
Tel: 011-30110450/30110491




                                                          Chairman, CMI&B, ICAI