Program

Evaluation

PadUp believes that each and every startup idea deserves a patient hearing as a first step. The Founders are given a chance to present their idea and showcase how they plan to build a business around it. Also, since PadUp is a Tech Incubator, tech driven idea(s) are a must. Once the Idea, the business and the team shows their vision, one of the Partners work with them to make it a possible venture

Biz Diligence

Once a partner gets involved with a startup, the partner takes it upon himself to build a solid business proposition that becomes a sustainable business venture. The partner then works as if it is his own venture and builds it bottoms up, so that it can withstand the hardest scrutiny it shall go through once presented to other partners. This includes identifying the target addressable market, technology stack and revenue stream(s).

On Boarding

Once approved by the other members of the team, the partner then gets on to On Boarding process which could be in the form of researching the market, reference checks, testing the products, talking to possible customers, validating revenue streams, building revenue plan, validating the technology stack and taking a feedback from the future investor. All this data is then fed into PadUp Score Card to assess the merit of the case for On Boarding.

 
 
 

Program

Evaluation

PadUp believes that each and every startup idea deserves a patient hearing as a first step. The Founders are given a chance to present their idea and showcase how they plan to build a business around it. Also, since PadUp is a Tech Incubator, tech driven idea(s) are a must. Once the Idea, the business and the team shows their vision, one of the Partners work with them to make it a possible venture

Biz Diligence

Once a partner gets involved with a startup, the partner takes it upon himself to build a solid business proposition that becomes a sustainable business venture. The partner then works as if it is his own venture and builds it bottoms up, so that it can withstand the hardest scrutiny it shall go through once presented to other partners. This includes identifying the target addressable market, technology stack and revenue stream(s).

On Boarding

Once approved by the other members of the team, the partner then gets on to On Boarding process which could be in the form of researching the market, reference checks, testing the products, talking to possible customers, validating revenue streams, building revenue plan, validating the technology stack and taking a feedback from the future investor. All this data is then fed into PadUp Score Card to assess the merit of the case for On Boarding.

Mentors

PadUp shall provide two levels of Mentors. One will be a local startup business person who has passion for startups and has demonstrated his startup abilities in the past, either as an entrepreneur or a mentor. The second level is a national level mentor who primarily gets engaged for domain knowledge and networking. A combination of the two provides almost everything that a startup needs to start, survive, sustain and scale.

Arrangement

PadUp Mentors engage only when the startup has passed the screening and is ready to start its journey. The lead mentor meets the team on a regular basis and helps them navigate through the startup journey. The mentor’s time is limited, but he still commits for 8-10 hours of mentoring over a month per mentee. However, we often find that mentors enjoy the experience so much that they give much more time than just the required minimum.

Expectation

Since Mentors are as passionate as entrepreneurs and are not just consultants, they put their skin in the game by working for equity. This demonstrates their commitment and eagerness to help. They walk with the entrepreneurs without any expectation other than the hope of making the startup successful.

As Long As it Takes

PadUp knows that the Startup journey is one of the most difficult journeys an entrepreneur shall take and hence it stands by the entrepreneur for as long as it takes.
It is like a relationship that goes through many ups and downs, however, the survival rate at PadUp is very high for the startup and hence the relationship goes on forever. The common factor here is the passion, to change the world and create wealth. So PadUp is there as long as it takes

Engagement

PadUp understands that the startup journey is long and tough and entrepreneurs need help, support and advise at all or many stages. Hence PadUp engages with the startup on a long term basis which could be anything from 18 to 24 to maybe even 30 months depending upon the need and progress of the startup. PadUp Engages with the entrepreneur and its founding team, and this engagement typically never ends as it is based on the eternal Guru-Shishya relationship.

Rules Of Engagement

Since PadUp is an initiative by serial entrepreneurs, the management team understands the pain points. Hence it believes that engagement has to be on success basis and therefore the engagement is on Equity basis and not fees. This way PadUp ensures that it is committed to wealth creation rather than an opportunistic step. Once PadUp believes in the startup and it commits to helping the startup, PadUp goes all the way.

Opening Doors

PadUp founders are well networked in almost every Vertical, Government, corporate and investor community. PadUp shall open doors for startups to gain on all accounts including knowledge gain, sales, investment, ecosystem creation etc. This would help the startup to grow faster, raise more monies, find strategic partners and achieve its goal faster.

Training

PadUp founders are experts in entrepreneurship, digital & online space as well as corporate affairs. PadUp has designed world class training programs for startups to upgrade their skills in these areas. PadUp has also partnered with other individuals and organizations to provide input wherever needed. PadUp believes that continuous up gradation of skills is most important for an entrepreneurs overall growth. PadUp also organizes periodic brainstorming sessions with startups to explore and evolve.

Biz Development

Sales and biz development are two important factors for growth and PadUp founders help the startups move aggressively on those fronts. PadUp opens doors, helps in designing sales pitches and even accompanies startups in their first few pitches. PadUp also helps startups by training them in sales as well as helping them discover their sales process and strategy. Further PadUp also tracks their sales activity and course corrects wherever need arises.