Fostering high-potential startups

• Workshops and Boot camps
• Structured mentoring process based on specific points identified in the proprietary Applyifi assessment framework
• Periodic deep-dive reviews with our proprietary scorecard and assessment report
• Benefits from partners (e.g. cloud credits)
• Access to exerts, including technology experts
• Shared services and partnerships • Connect to investors

Candidates shortlisted for the programs will undergo a deep-dive review using the proprietary applyifi assessment framework. This scorecard and report, done at the beginning of the program, provides specific, actionable insights to founders on areas that their venture needs to be strengthened on to make it market-ready, scale-ready and investor-ready.

Based on this scorecard, we prepare a development plan for each shortlisted startup to be taken up in the accelerator program.

The 100-day program will have a very structured curriculum for group learning sessions, and one-on-one interactions based on specific action plans and expected outcomes defined for each startup.

Our team will do periodic reviews to track the progress and identity alternate interventions that may be required.

• Business Tear Down: Deep dive review to identity areas of improvement in Product, Business model and pricing, Brand and marketing and Go-to-market plans
• Customized advice for scaling up: One-on-one, deep-engaged mentoring to address the challenges identified in the business tear down, leveraging our pool of subject matter experts, experienced entrepreneurs and investors
• Group learning sessions covering all the fundamental building blocks of a business
• Refining your business plan and investor pitch deck
• Showcase to investors

At the beginning of the engagement, the Neo Leap team and the startup founders will align on specific goals that we will achieve during the program, and the broad approach for the same.

Each startup shortlisted from the program will be assigned an ‘anchor mentor’, who along with our extended pool of mentors and resources will be committed towards meeting the objectives agreed.

We will pull in external mentors as required, primarily as group learning sessions but could also be one-on-one interactions as required.

1% - 3% sweat equity

• Concept stage ventures 3% equity 
• MVP / Market-ready startups 2% equity 
• Post-pilot / early-growth startups 1.5% equity 

3% of the amount of capital raised by the startup via the Neo Leap investor connects

Note: Before accepting a startup in the program, we will be checking with our investor network their interest in investing in the startup. We will accept only those startups in whom our network of investors have initiated an interest to invest / co-invest during or at the end of the program.

There will be 3 rounds of filtering to select the companies we want to engage with:

• In round 1, applicants will be shortlisted based on the information they provide. We will provide startups a template to share information in. Criteria for selection would be as follows:
  • Product: Is the value proposition meaningful, does is address a expressed need/opportunity, etc.
  • Team: Complementarity of skills, experience, domain expertise, etc.
  • Market size, competitive environment
  • Business case
  • Traction and scale up plans
• In round 2, we will do a one-on-one interaction with shortlisted candidates to better understand their business and shortlist candidates to present to the jury.
• In round 3, the jury will make the selection of the final candidates from among those shortlisted in the final round

We expect to select 8-10 startups for the cohort of 2020