Welcome to Tibetan Entrepreneurship Development (TED) Initiative
A program for upcoming and experienced entrepreneurs
Application form: Incubation
Submission deadline: 30th November 2015
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Benefits of connecting with TED:
TED presents you the package of benefits to support you throughout your journey of business
growth. You will have the access to resources, expertise, and mentorship to help you strengthen
your business Strategy, fund raising goals and access to global networks through our extensive
partners. TED will also support you financially on the initial investment in your business only after
the successful completion of the pre-incubation and during incubation phase of the TED services.
Criteria:
Tibetan Entrepreneurship Development (TED) invites applications from Tibetan entrepreneurs in
India to avail the TED services. To be eligible to apply, the entrepreneurs must meet the following
criteria.
For Experienced entrepreneurs:
1. Have been in business operation for more than 1 years.
2. Must have strong intention to register their business if not yet registered.
3. Intention to grow your business in future and provide employment opportunities for Tibetans.
4. Should be able to work with outside incubators and willing to work from the space provided by
the incubators.
5. Should be able to provide updates on their activities done during their incubation phase.
Judging criteria:
Applicant’s application will be accessed by the team of selection committee and the advisory board
of the TED based on the following criteria:
Business Model: Business models of applicants will be evaluated on innovativeness,
sustainability and ability to scale. Enterprises must demonstrate how they can reach longterm financial stability /growth with viable rates of return. They must also demonstrate the
potential to replicate their business model across regions, as well the unique value
proposition needed to thrive in a competitive market.
Impact: Applicants should present the impact of their business to the communities and
how it will benefit the customers from their operations.
Team: Applicants will also be evaluated on the basis of the strength of their leadership
team and the expertise involved in their business. The application should also describe the
network that the expertise has developed.
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FAQ:
1. How do I apply?
-You need to approach your settlement officer for the application form and fill the necessary
Details as requested and submit the same to the settlement officer. They will send us the filled
application or you can fill the application, scan it and send it to us at ted@tibet.net.
2. Is it possible to submit the applications in the language other the English?
-No, unfortunately we don’t accept application form in other language apart from English.
3. Why should I apply?
-By applying for TED program, you will have the benefits of unparalleled access to the vibrant
community of innovators, investors, experts, mentors and capital support.
4. Is there any registration fee for the program?
- No, there are no registration fees.
5. Do I incur any cost during the incubation period?
- No, all the expenses will be bear by TED during the incubation period other than your personal
expenses.
6. Do I have to sign any bond to avail the services of TED?
- Yes, the entrepreneur will have to get into a legal binding contract with TED once they are
selected for the TED services.
7. Whom should I contact if I have any questions?
- In case if you have any questions, please feel free to reach us at ted@tibet.net or call Tenzin
Wangyal (+91 980 503 5128) or Tenzin Norsang (+91 981 676 8569).
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Application Form: Potentially Scalable business- Experienced entrepreneurs
For those whose business is at least 1 years old
Only complete applications will be processed for the pre-incubation program. Your application
will be evaluated as per the set criteria. The application will also be judged against the Business
promise, Maturity, and ambition to grow.
Section I: Personal Details
Name:
Age:
Date of Birth:
Settlement:
Education Qualification:
Email Address:
Mobile Number:
RC Number/ Passport Number:
Green Book Number:
Section II: Business Details
1. Company Name:
2. Designation:
3. Date of Company Inception (if already in business):
4. Company Incorporation number (if already registration):
5. Website if any:
6. Number& Names of Business Partners: (if & as many as applicable)
a.
7. Number of Employees (if applicable):
8. Number of Shops/ Stores (if applicable):
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Section III: About Your Business
Annual Revenue: (please tick appropriate options)
Upto Rs 5 lakh (~40,000 per month)
Between Rs 5 and 12 lakhs (~40,000 to ~80,000 per month)
Between Rs 12 and 24 lakhs (~80,000 to 2 lakhs per month)
More than Rs 24 lakhs (2 lakhs + per month)
I don’t know my revenue
What is your business (or business idea).Explain in maximum 300 words.
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Where did you get the capital to set up business?
Have you broken even? If yes, in how much time?
What were the challenges you faced? Are you still facing them?
Who are your primary customers?
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Mention key activities you have undertaken to grow your business (marketing strategy, further
investments, operation etc)
Where do you see your business in 3 years? What challenges will you face?
How much amount that you have been invested so far in your business?
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What do you think is important to succeed in a business? (Tick as many as applicable)
Financial Support (loans from family /bank)
The right skills to do business
Location (being in Delhi/ Mumbai)
Education Degree (MBA, Engineering etc.)
Legal registration status
Any other: (Please describe)
Tell us your business goals.
Why are you interested in applying to this program?
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What is your Investment requirement for the scale up?
What is your revenue model? (How do you make money from your business?)
How will your business contribute to sustainable job development?
Who is your competitor?
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What is your business USP? (Unique Selling Point)
Who is your target Customer?
Where do you want to see your business in next 3 years?
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FINANCE & INVESTMENT
Tell us your Startup capital requirement details below:
Activity
Total Investment Needed
Amount (INR)
Source of Funds:
a) Self
b) Family and Friends
c) Bank Loan
d) Others (Please specify below if any)
How will you use the funds?
Use of Funds
Amount (INR)
a)
b)
c)
d)
CHALLENGES & SOLUTIONS
Please mention the challenges you expect to face in the future
Key Challenges
Possible Solutions
Note: During the selection process, if TED finds that your business is still very nascent and needs
pre-incubation training for which you will be informed about the recommendation.
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