Incubation - PRIME

INCUBATION

The Incubation program at PRIME is designed to support startups by offering personalized mentorship, resources, and guidance to help transform innovative ideas into thriving, scalable businesses.

The flagship initiative behind PRIME is the Chief Minister’s E-Champion Challenge and PRIME Incubation Program, now in its fifth edition. This state-wide, annual event specifically seeking 75 entrepreneurs with businesses showing early signs of success, such as first revenues or customer traction.

Through this state-wide program, the most promising entrepreneurs are selected through a rigorous process of pitching in front of industry experts, successful entrepreneurs and government officials.

Out of a pool of 150 entrepreneurs, a group of 75 most promising entrepreneurs are selected to join the dedicated and structured 9-month intensive PRIME Startup Incubation Program.

THE TOP 75 BEING PART OF THE COHORT ENJOY THE FOLLOWING BENEFITS

Business support Grant

Top 35 Startups: Receive a financial boost with a grant of ₹2 Lakhs to scale your business.

Bottom 40 Startups: Earn a ₹1 Lakh grant to support your entrepreneurial journey.

Recognition Certificate

Certificate of Excellence: Awarded by the Government of Meghalaya and IIM Calcutta Innovation Park, providing validation from two respected institutions.

Capacity Building

Participate in regular bootcamps, training sessions, and workshops focused on entrepreneurial skills, innovation, and sustainable business models, ensuring long-term success.

Pre-Incubation Opportunity

The Bottom 25 startups will seamlessly transition into the Pre-Incubation Program, offering continuous support and resources to strengthen their ventures.

Collaboration with Entrepreneurs

Exclusive networking opportunities with successful entrepreneurs from Meghalaya to foster partnerships, knowledge-sharing, and collaboration.

Access to Startup Tools

Incubated startups gain access to a suite of tools essential for growth, ranging from software solutions to business management resources.

Dedicated Mentoring

Benefit from one-on-one mentoring with seasoned industry professionals who will provide personalized guidance, helping you navigate challenges and accelerate your business growth.

Funding Opportunities

Access a wide range of funding avenues under the PRIME initiative, including grants, loans, and venture capital to fuel your business’s expansion.

Market Access

Get connected to key buyers and markets within Meghalaya and beyond, helping you expand your business's customer base.

Free Co-Working Space

Enjoy access to co-working spaces in Shillong and Tura, offering a dynamic environment for productivity, collaboration, and networking, subject to availability.

Support for Marketing & Legal Services

Receive professional assistance with services such as logo design, website development, branding, accounting, and legal advice to streamline your business operations.

Visibility & Networking

Gain strong media visibility through local and national outlets, as well as promotion across social media platforms, helping your startup gain recognition and attract interest.