FAQ's
General FAQs
What is Starfish and what services do you offer?
Starfish Accelerator Partner is an incubation company that specializes in technology product development, business modeling, and financial modeling for startups. We provide end-to-end support to turn your ideas into successful businesses.
How does the incubation program work? Is there any cost involved?
Our incubation program involves a hybrid model where we share the product development costs and charge a fixed fee for a 6-month engagement. We offer comprehensive services covering tech product development, business modeling, and financial modeling.
Additionally, depending on factors like the complexity of the product, stage of the company, and nature of the business, we take equities in the startups, ranging from 5% to 12%.
What types of products do you help develop?
We specialize in developing software products, including mobile applications (iOS & Android) and web platforms. Whether it's a standalone application or a combination, we have the expertise to bring your vision to life.
Are you sector-specific, or do you work across various industries?
Starfish is sector-agnostic. We work with startups across all sectors, including fintech, insuretech, healthtech, gaming, D2C, B2B SaaS, and more. Our expertise spans diverse industries.
What is the cost structure for your incubation program?
Our incubation program involves a hybrid model where we share a portion of the product development costs, charge a fixed fee of INR 1.5 lakhs per month for the 6-month program, and may take equities in the company ranging from 5% to 12%, based on factors such as complexity, stage, and nature of the business.
Tech Product Development FAQs:
Can you explain the tech product development process?
Our tech product development process is end-to-end, covering ideation, design, development, testing, and deployment. We work closely with you to ensure the final product aligns with your vision and business goals.
Do you only work with tech startups, or can established businesses also benefit from your services?
Our services are tailored for both startups and established businesses looking to innovate and launch new products. We adapt our approach based on the unique needs and goals of each client.
Business & Financial Modeling FAQs:
What aspects of business modeling do you cover?
We provide expertise in various areas, including monetization channels, go-to-market strategies, operations strategies, sales strategies, and competitor analysis. Our goal is to help you build a sustainable and scalable business model.
How personalized are your business modeling services?
Our business modeling services are highly personalized. We understand that each business is unique, and we tailor our strategies to align with your industry, target audience, and long-term objectives.
What does your financial modeling service include?
Our financial modeling service covers financial projections, valuation, exit potential to investors, and fund deployment strategies. We assist in creating a robust financial roadmap for your business.
How can financial modeling benefit my startup?
Financial modeling provides a clear picture of your business's financial future, helping you make informed decisions, attract investors, and ensure long-term sustainability. It's a crucial tool for strategic planning and growth.