The Startup Incubation Sector- The Dice is loaded.
For over a year, I have wasted a tremendous amount of time and effort trying to get development funds from various startup programs, incubators, NGOs, Overseas agencies with almost zero results. I got at least 15 rejections for a development grant from India and overseas in one year. Yes, my work is niche technology, but with no local or imported analogues, quite indispensable in defence sectors and tremendous social impact potential. So why the mass rejections?? At some point, I re-read all my applications to find out what's so wrong and after thorough introspection and revision of my presentations, write-ups, strategy and my product offering, dawned the realisation that most of these programs are a charade with the dice loaded against most applicants. They are like Facebook, which exists and profits only due to its users who are the free content providers. For almost all Startup funds and Incubators, their raison d'etre is to collect as many applicants as possible, con