1. An overview
The High Growth Start-up team at ProMunim of India may be able to help you if you're starting a technology business that has a lot of room to grow.
The High Growth Start-up team helps businesses all over India get ready to start up. They have very tight requirements for who can join, but if you do, you will get a lot of hands-on help.
2. The High Growth Start-up team
The High Growth Start-up team works with tech companies that are just getting started but have the ability to grow quickly. They usually take on between 100 and 140 new clients every year, and they can work with each one for up to two years, or even longer in some cases.
For those who are qualified, the High Growth Start-up team will help you build a new business that is fully funded. As this process goes on, they will help you come up with a business plan that you can show to investors.
The High Growth Start-up team does not invest in new businesses or give them starting money.
The High Growth Start-up team can help with a number of important things, such as:
• suggesting a good business plan
• finding possible funding sources
• finalizing your plan to hire staff
they might also match your money to help pay for important business growth costs.
ProMunim can still help you with your start-up even if you don't think your business is ready for high growth yet. Call us at 1800 266 1294.
3. Criteria for getting help from High Growth Start-up
to get help from the High Growth Start-up team, you must be starting an Indian business that will be worth at least Rs. 400 million in three years or make Rs. 500 million in sales in five years.
The team will look at your project's competitive edge when judging it.
• the size, growth rate, and barriers to entry of the market;
• the channels of entry;
• the sales cycles;
• the need for funding and investments;
• the experience, expertise, and goals of the founders and management team;
• who owns and protects intellectual property;
• the level of technology readiness and how close it is to revenue;
• the market segment and export potential;
• the business model and scalability;
• key milestones;
• profit margins and overall viability
Those who apply will also be asked to come in for a panel interview.
You can talk to your Branch office if you think you meet the need.
Even if you don't qualify for high-growth help, ProMunim of India can still help you with your start-up. You can call our helpline at 1800 266 1294.
Read our guide Use innovation to start or grow your business.