What is the NFDI?
It is a Section 8 company created by the National Institute of Fashion Technology (NIFT) to foster innovation and entrepreneurship.
Its purpose is to support startups and new ventures in the domains of fashion, textiles, lifestyle accessories, smart wearables, and home and spaces.
What does it offer?
Incubation Programs:
These include pre-incubation (for ideas), incubation (for registered companies), and acceleration (for rapid growth).
Mentorship:
Experienced professionals, NIFT faculty, and an alumni network provide guidance and support to entrepreneurs.
Infrastructure:
Incubatees gain access to NIFT's lab facilities and other infrastructure, sometimes at a cost.
Services:
Support is provided for product development, validation, commercialization, business strategy, and access to industry networks.
Where are the incubators located?
The NFDI operates four incubators located at NIFT centers in Delhi, Mumbai, Chennai, and likely other cities, providing localized support.
How does it work?
The NFDI connects entrepreneurs with resources, stakeholders, and a knowledge base to help them develop and scale their businesses.
It leverages the expertise and infrastructure of NIFT campuses to support design innovation, aiming to turn concepts into successful products and companies.
CREDITS: This is automated information generated from the internet and has not been reviewed & edited by us.