Well-performing startups who complete the maximum limit of Incubation support at ASHINE or
the startups no longer needing Incubation support will be selected for Graduation by ASHINE.
Each startup joining ASHINE should aim to graduate out of ASHINE as soon as possible.
The following entails the Startup Graduation Policy:
Criteria for startups to be graduated if it fulfils any one or more of following :
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Startups have completed the maximum incubation tenure at ASHINE
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Startup which have reached a mature stage, have a steady flow of revenue and profit
and are financially self-sufficient
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Startup which is performing well with a linear growth trajectory
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Startup which is witnessing an escalation in their growth and revenue
Benefits, Perks & Roles for Graduated Startups :
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Graduated startups continue to be part of the ASHINE Community and have access to
ASHINE programs, events, etc.
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Access to investment and investor network of ASHINE (not grants)
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Graduated startups are able to leverage soft infrastructure offered to startups such as
networking, connections, cloud credits, learning and technology resources at ASHINE,
etc.
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Graduated startups are eligible for a 50% discount on the co-working space which would
be made available to them basis availability
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Graduated startups would also be engaged by ASHINE and invited to work with
early-stage startups at ASHINE as mentors, as well as serve on various decision-making
committees of ASHINE
From time to time, ASHINE would host a Graduation Ceremony for its graduating startups
which would entail: (Tentatively on September 25 - Foundation Day or October 31 - Sardar
Vallabhbhai Jayanti, every year)
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A graduation certificate/certificate of recognition distribution ceremony
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Interaction with the leadership of ASHINE and SVNIT
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Interaction with guests of the graduation ceremony who may be distinguished
members of the startup ecosystem
Discontinuation of Startup Support / Incubation
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With the following criteria, Internal Review/Screening Committee (IRC/ISC) can be apprised
with the startup details including the Form D information and IRC will make a final decision on
it.
Which startups fall under the purview of termination
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Startups who have been incubated with ASHINE for a long duration but haven’t
witnessed any growth in their business and/or are not performing well
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Startups who have not completed and/or adhered to any ASHINE compliances such as
non-compliance with Mandatory Incubation Requirements including, but not limited to,
failure to participate in the Startup Labs programs, not fulfilling Startup Progress
Review, non-compliance with CDC requirements, etc.
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Failure to abide by the Terms of Use and access to ASHINE support and facilities as laid
down in the Terms document, Community Guidelines and other guidelines as issued by
ASHINE from time-to-time would also lead to discontinuation of a startup’s support at
ASHINE
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Support for startups which do not wish to renew their incubation tenure and are not
doing well will also be discontinued.