EFC to be India’s No. 1 Smart workspace providers for next generation Startups.

In an attempt to strengthen the link between entrepreneur and industry, EFC plans to infuse more funds to establish 50 Entrepreneur facilitation Centers across the nation. Taking a lead as economic infrastructure provider ELDIL (EFC Land Development and Infrastructure Limited), has started a campaign to scaling up these facilitation centers on 50 other locations in India’s startup hubs like Delhi NCR, Mumbai, Hyderabad, Ahmadabad & Bangalore.

We believe the best way to protect the future is to create it. The facilitation centers however work on the reverse model. "The youth comes up with ideas or a product to whom we provide a platform in the form of  infrastructural and service level assistance and other back-end support to convert that idea into a product," explained Mr. Umeash Sahhaaii, Founder of ELDIL from his Pune head quarter.

It is a very known fact that various VC and angel investors from India and abroad are actively investing in Indian startups. Over $3.84 billion was pumped into the ecosystem in the third quarter of 2015 itself. However, we have been observing that despite having good investments, many startups struggle to survive the competition and are eventually forced to shut down their business due to various internal and external factors in which initial infrastructure set up is a major cause

The most important problem faced by an Indian startup is the cost, lack of facilities for day to day operations and maintenance of location from where it has been launched. India is a place of varied cultures and taste thus every product might not be welcomed equally by every region. A survey found out that most of the failed startups attribute their failure to the lack of operating funds as initial capital has been consumed in initial set up itself.

Entrepreneur Facilitation Centers (EFC) will support entrepreneurs  across nation with comprehensive Infrastructural, commercial, technical and legal assistance to help them start up businesses that apply space technology to non-space industrial, scientific and commercial fields. 

EFC has helped and will continue in its mission to provide an affordable platform to startups to convert them into viable businesses  and create new and more jobs by providing support to more than 200 start-ups companies which have received support till date.

EFC in India has a history of incubating successful venture one after another. Some continues to expand within EFC premises and enjoy the services from years and some others grown up so big that they move out happily into their own premises.

EFC has continually ensured that its offices count among few of the most prestigious addresses in Pune.

We have always realized the importance in giving a helping hand to those who are in need and from marginalized communities. We aspire to establish ourselves as a compassionate and responsible corporate entity through the Corporate Social Responsibility (CSR) initiatives undertaken by us.

This business plan address variety of associated with creating and operating a technology business in INDIA, It is based on the findings of a comprehensive market feasibility study FOR Business Incubation opportunities in INDIA conducted by EFC Land Developer And Infra Structure Limited (ELDIL) a firm with special expertise in business incubation.

The proposed mission of the ELDIL is to stimulate the establishment and growth of technology-based start-up companies and other compatible businesses. By fulfilling this mission, EFC would contribute to job creation and provide enhanced economic wealth to the region. 

The ELDIL would provide new and emerging technology and compatible businesses with an environment that would support their start-up phase and increase their efficiency of success. EFC facilities includes space, flexible leases, shared use of common office equipment, direct business assistance and guidance, mentoring, networking to capital, and other technical resources. A network of existing resources in the community would be developed to support EFC client needs. 

Approximately five hundred clients at a time would be served within the proposed new EFC. The facility, proposed at 1000000 square feet, would include a mix of office and other Business space.

This proposed EFC as an important tool in the economic development toolkit of the area that would be a means to create new job opportunities for area residents, create higher wage jobs, These factors would provide the long-term metrics against which to measure the success of the EFC.  

Once this business plan is executed, Phase I - the planning phase, will be complete. Interested parties will need to determine whether or not to proceed into Phase II - project implementation and resource development. 

EFC also involve facilities and facility-based services that provide clients with appropriate rental space, flexible leases, shared business services and equipment, technology support services and assistance in obtaining financing necessary for company growth.  

Business assistance and facility-based services are described more in details below.

Business Assistance - EFCs accelerate development of emerging companies by providing hands-on assistance during vulnerable start-up years. Assistance typically takes in the form of a package of business and technical support services including guidance and mentoring on business strategy, management, marketing, financial, legal, and product development issues as well as facilitated exposure to a know-how to do network of outside business resources and sources of capital.

Facility-Based Services - Locating entrepreneurs in one facility creates opportunities to lower costs associated with supporting a new business. EFCs usually provide office space to a number of complementary businesses. EFC’s offer flexible leases, shared use of conference rooms, reception and other common areas. EFC provides an infrastructural support of telephone, local area network and Internet services along with shared use of basic business equipment such as copier, fax machine, postage meter and other office equipment. EFC can give a much-needed visible identity to a new company which help to promote its offerings and find fund or investment capital from its resources.