Acceleration & Mentorship

Introduction

Lemon's Mentoring programs are specially designed to provide tangible support to very selective startups every year based on recommendations by Jury/mentors. The prime objective of the program is to provide mentoring as well as business support to ventures for their growth & evolution. Lemon provides entrepreneurs with opportunities to maximize their potential as leaders, accelerate the growth of their organizations and deliver high-impact value. The program would leverage resources available in all verticals of LEMON i.e Lemon School of Entrepreneurship (LSE), Lemon Ideas as well as Innopreneurs. The startups/ventures/teams in this mentoring program are being accelerated by Lemon Ideas either by mobilizing the resources or through the intellectual inputs. Following are the key offerings during the Incubation program.

  • Regular & planned mentoring & progress review meetings during the tenure of engagement. (usually six months of active support).
  • Action planning & review during all meetings.
  • Access to Lemon's pool of mentors, experts, business owners as well as investors to help entrepreneurs on diverse requirements .
  • Focus on important aspects of Innovation, Validation, Teaming , Financial Sustainability, Professionalism and use of Technology.
  • Eligible for Lemon's partner network for business collaborations including entrepreneurs & startups across India.
  • Be in #LemonFamily for your long term sustainable growth.
  • Readiness for fundraising at appropriate time for scaling up the growth .
  • Privilege entry into powerful learning spaces and training programs organized by LSE from time to time .

Since this mentoring program is about delivering high impact value to the ecosystem and providing the intellectual capital to the startups, this support program does not end in 6 months but the support continues as per the specific need of the venture team. The initial six months engagement is a planned one to kick start the long term evolution of the association & engagement for next 2 years of duration. The support after six months would be needed and requirements driven in line with request by incubate/entrepreneurs.

Basket for Support & Interventions by Lemon

During the course of this mentoring program, the startups will be assisted /supportedin many ways as per their need, situation & priorities. The support and area of focus would evolve as per the discussion with mentor/expert. The list below provides a basketof possible interventions.These interventionsare being formulated to support the startups on multiple fronts giving360 degree support.. Hence,ifthere is a specific need by any of the ventures/startups which needs to be taken into consideration for its venture’s benefit, Mentors/Experts would take the same into consideration for the discussion. The entire list may not be applicable to a specific venture butfew ofthe followingitemswouldbe picked up by mentors/experts in line with the needs and situation of the entrepreneurs.

  • Concept formation / refinement.
  • Start-up mentorship for launch .
  • Identifying scope for Innovation & new ideas.
  • Appropriate business modelling .
  • Support the business planning activity .
  • Strategic direction & roadmap .
  • Branding & positioning leveraging LEMON brand and platform .
  • Networking with right people / organizations .
  • Support in team hiring through LEMON SETU program .
  • Other human resource support for the venture .
  • Digital Marketing support .
  • Identify domain-specific support through the network of LEMON .
  • Technology as enabler & support.
  • Pilot run planning / trial run / validation .
  • Preparation for fund raising / funding facilitation.
  • Resource identification & management support.
  • Legal company formation & associations.
  • Shared workplace & other shared services for founders if required.
  • Leverage support from other ventures and entrepreneurs at LEMON .
  • Financial planning & budgeting .
  • Pivot-change / diversification .
  • Approach for Financial sustainability .

Program Approach

The mentoring-incubation program is purely based on the intellectual capital of the LEMON team and would include knowledge sharing, experience based inputs as well as co-learning with other entrepreneurs. The underlying spirit of the engagement is co-creation based on mutual trust and belief and the journey is more evolutionary than planned. The meetings/interactions would be One on One (O3) with the entrepreneur/founder team to uniquely discuss very specific requirements of the venture. The program would also include Joint meetings & sharing boot camps for collective learning of the cohort & other startups in the ecosystem. The onus of action planning and performance would be with the mentee/entrepreneur based on the inputs & framework provided by the mentor/expert. Based on recommendations of the mentor, participants may be offered training programs by Lemon School of Entrepreneurship as per specific need. The program would include ideas/suggestions/inputs provided by Lemon mentors and would not include resources and other external intervention needed for implementation of the actions & ideas.

  • Support for IPR related matters .
  • Counseling / physiological services for the team.
  • Soft-Skills / Attitude / Leadership training for the team.
  • Support for accounting .
  • Support for legal with compliances .
  • Support for business development .
  • Support for promotions & events .
  • Support for branding and PR.
  • Support for initial customers acquisition.
  • Support for participation in startup showcasing events .
  • Access to corporate connections .
  • Support for Internal Processes / Internal Automation.
  • HR support services (Performance / Productivity / Retention / Employee Satisfaction) .
  • Access to Guest Talks / Networking Events / Competitions at Lemon.
  • Exploring Collaboration / Partnership with other Entrepreneurs / Startups .
  • Access to the govt. associations / industry bodies.
  • Access to startup ecosystem.
  • Access to mentors / domain specialist.
  • Support / IT / WEB / Software Development.
  • Support for recruitment .

Apply for next Acceleration/Mentoring Cohort and experience the magic of co-creation