CPS- Dedicated Innovation Accelerators (DIAL)
A wide gap exists in financial support required by technology-driven start-ups in their initial phase which is not being addressed properly. Under the TIH-IoT DIAL program, TIH-IoT would provide financial assistance to start-ups with promising ideas, innovations, and technologies and enable them to graduate to a level where they will be able to raise investments from angel/Venture capitalists or they will reach a position to seek loans from commercial banks/financial institutions. TIH-IoT DIAL aims to facilitate the growth phase of a start-up; hence, enabling the existing ventures to survive and succeed in the marketplace. TIH-IoT would share the success of the supported start-ups which would also result in ensuring its own long-term operational sustainability.
The TIH-IoT DIAL Program has the following broad objectives:
Accelerators should employ a “fail fast” mentality: ideas or prototypes that are not getting traction should be abandoned (or modified) quickly, allowing founders to redeploy resources to other projects or even new companies at a rapid pace.