Of the incubated business ideas, an apparatus and method for regulating temperature of animals and a heavy-duty paper bag manufacturing method are among five incubated at FiiRE, which have applied for a patent, Prashant said.
“FiiRE works as per the guidelines of the Startup India policy, which is to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large-scale employment opportunities. This is achieved with an additional focus on the innovation, product design and the core team that is driving the idea towards implementation,” said Prashant.
He said FiiRE also provides co-working spaces for the incubatees with various facilities such as meeting rooms, conference rooms, open work areas and an auditorium.
While Barve Technologies driven by Tejas Barve developed his idea of a life-saving temperature regulating machine with assistance from FiiRE, LaFabrica Craft under Sachin Gangadharan designed a paper bag that can carry upto 10 kilos. Letcetra Agritech by Harish Usgaonker is an online platform for all things related to urban farming and Decimi Technologies by Navin Prajapati and Saurav Lahoti developed Sabka Mandi under FiiRE, which aims to provide an easy-to-use online ordering platform that allows retailers to submit all of their purchase orders to their authorized distributors from one portal without waiting for the distributor salesmen.
“FiiRE offers structured incubation process based on the 12 critical success elements for start-ups. During pre-incubation counselling and idea validation is done before accepting the idea into the incubation program based on the inputs from the selection committee. One month free assistance is provided till idea validation based on the inputs received by the mentors. Incubation involves training, mentoring sessions. This helps startups build prototype, connect to early adopters and investors, over a period of 12 months,” said Prashant.
Source: Times of India