Global Incubator Programme: India - Urban Systems
Innovate UK seeks up to 10 companies with expertise in Urban Systems to participate in a Global Incubator Programme in India.
Opportunity Details
When
Registration Opens
12/06/2024
Registration Closes
26/07/2024
Award
Innovate UK will fund and organise flights, accommodation, in-market transfers for successful applicants for two group market visits. One representative from each company will be funded per visit. Also includes training, support, mentoring, pitching opportunities, networking opportunities and more.
Organisation
Innovate UK
Innovate UK’s Global Incubator Programme is an acceleration program for innovative companies to work with world-leading incubators abroad.
We are currently accepting applications for up to 10 innovative companies in the Urban Systems sector to join our program delivered in partnership with T-Hub innovation campus and ecosystem based in Hyderabad. We would welcome applications from innovative companies that are developing solutions to challenge areas that cities are facing in their transition to a just and sustainable net zero, these could include:
- Products and services that tackle the electrification challenge in areas such as transport, heating & cooling, and grid management.
- Clean technologies that address sustainable resource management across the water and waste sectors.
- Solutions for driving uptake of net zero citizen engagement and sustainable behaviour change, as well as the systems such as data or sensoring, that may help underpin them.
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To apply for this programme you must:
- Be a UK based innovation-led company with ambitions to grow, scale, and internationalise.
- Be a business with fewer than 250 employees
- Be a CEO, founder, or senior decision maker and able to attend and complete all activities.
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The three stages of the programme are as follows:
Prepare
A two-day preparation workshop delivered to the entire cohort in the UK. You will be allocated an Innovate UK innovation and growth specialist to work with in the UK who will work with you on your strategic action plan for the programme. You will receive an overview of the innovation and sector landscape of the country’s market, a full briefing on the programme and working with the incubator, and support to better present your business and the value proposition.
Pursue
This 4-6 months stage of the programme is about working with the incubator. A typical programme will see a visit to the market at the beginning, providing the opportunity to consider technology and market fit, preliminary customer validation and an introduction to ecosystem players. This will be followed by regular (weekly or fortnightly) virtual sessions with the incubator team, mentors, and experts, to do a deep dive into understanding what it takes to be successful in accessing the market. The final part is a second visit to the market, including a demo day to showcase the achievements of the cohort, continuing to raise the profile and make connections for the businesses involved.
Exploit
Work with your innovation & growth specialist to continue to exploit the programme, building on all the connections, knowledge, and expertise gained. You should now be in a much better position with the necessary understanding and networks to accelerate your global growth and scaling journey.
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- Getting ready for the market: Work with an Innovate UK Business Growth innovation & growth specialist to develop a Strategic Development Plan for the Programme.
- Desk space: Establish a presence with desk space and back-office services in Hyderabad available throughout the 6-month incubation period.
- Masterclasses, workshops and panel speakers: Online group learning insight sessions to assist in all aspects of India business formation and scaleup.
- Connections: Gain access and introductions to Indian-based customers and partners.
- Mentoring: Receive country-specific mentoring from trusted experts.
- Innovation community: Participate in a vibrant community of entrepreneurs and industry professionals.
- Market visits: Two intensive market visits to Hyderabad are planned as part of this initiative in October 2024 and March 2025.
- Maximising the opportunity: Work with your Innovate UK Business Growth innovation & growth specialist to agree further support required to help you exploit the opportunity.
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India is striving to promote and develop core infrastructure elements in large urban areas such as good water and electricity supplies, sanitation, and affordable housing. Over the next 30 years, some 400 million people are expected to move into urban environments across India. This presents major opportunities, which are captured in part by the Government of India’s ‘100 Smart Cities’ mission to prepare cities to cope with the challenges of urban living .
Hyderabad, the capital city of the state of Telangana, has a vision that revolves around creating modern, efficient and sustainable infrastructure. It has successfully implemented a range of initiatives to begin to create a greener urban environment for its citizens. These include:
- Smart City Infrastructure: Investments in cutting-edge technologies focused on intelligent street lighting, and efficient waste management solutions.
- Renewable Energy: Adoption of sustainable energy sources such as solar power generation in residential and commercial buildings.
- Water Management: Implementation of smart water management solutions such as smart water meters, leak detection systems and real-time monitoring of water supply.
- Intelligent Transport Systems: Introduction of smart traffic signals, cycling infrastructure, electric vehicles and promotion of sustainable transport alternatives.
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Register for the applicant briefing event on 9th July 2024 here
Applications close: 26th July 2024
Get ready workshop: 24th September 2024
Visit the market: 21st – 25th October 2024
Second visit and final showcase: 10th – 21st March 2025