Excited by the growth of Indian economy, Swedish business incubator IQube is looking for a partner to start its Indian operations.
IQube will focus on helping early-stage companies and entrepreneurs to grow and achieve their commercial breakthrough.
Thus far, it has invested in 71 companies in Sweden. Here’s how the process works — IQube takes a 10.1% equity in these firms and offers them start-up capital and free office space. It also has an option to increase its stake later to 15%. The firm’s fiscal support to the start-up lasts for 12-18 months, after which the start-up company is free to explore other financing options.
via LiveMint
