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Summary: Idea to Proof of Concept
(CLEAR DEFINITION OF POC) To demonstrate proof of concept for ______ ______ (statement should highlight product/service planned, novelty and potential impact in terms of availability, quality, affordability) (CLEAR STATEMENT OF COMMERCIALIZATION PLAN) We propose to create/build a start-up to receive BIG funding support, if selected under this scheme. The company’s first product/service offering based on the PoC shall be _________
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Novelty (or large unmet social need)
A clear case for novelty. Differentiation with others. Indicators of novelty such as patents or case for patenting etc
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Preliminary results Results that indicate do-ability/ technical feasibility/ credibility Results that would indicate usefulness and hint towards potential impact.
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Visualization of proposed first product/ service
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Value proposition and differentiation of product/ service against nearest competitors/ alternatives serving same purpose
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The opportunity (business plan or social impact)
Ref 1:
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Go-to-market plan/ Role models
Proposed strategy for commercialization Arguments for why there will be investor interest in investing in a start-up or opportunity for a M&A or technology licensing. Sometimes, it helps to show other international startups in that space who have received investor interest ---- may indicate that others believe in the opportunity and market potential at least.
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Promoters of the start-up company/ POC project team capabilities technical and non technical/ Collaborators. Or Team members Other funding resources for the proposals
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Advisory Team A H P
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Work plan flow sheet (step by step process till commercialization; POC project can be only a part of the flow sheet)
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Work plan Tasks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
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Milestones Target date (at end of ____ months) Milestone targets
Funds requested (rs lakhs) 3 9 12 15 18
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Budget Heads Amount (Rs lakh) Basis Equipment Consumables Man power
Incubation services Travel External services Contingency
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