Apply

The Morpheus (TM) is now accepting applications for its fifth batch of startups. The program will take place from second week of November 2010 to  March 2011.

1. To apply, please download the application form, fill up all the information and e-mail it to neo AT themorpheus DOT com  . Last date for submission is 31 October 2010. Teams that submit early have an advantage because we have more time to read the applications.
2. We’ll review applications as they come in and set-up a 2 week interaction with shortlisted companies. This will also include face-to-face interaction.
3. Post the 2 week interactions we’ll select upto 10 companies to work with and will also decide the amount of equity we will take. Equity will be between 7% and 12% of the company. The median will be 9%.
4. Once we communicate our offer to you, your team will have 24-48 hrs to make the decision to accept or decline the offer.
5. Morpheus is not an incubator. We expect you to work out of your office/apartment/garage. It’s the ideal setup for the initial phase.
6. We have built a panel of subject matter experts with varied expertise and experiences, who will be available to work with the Morpheus companies either on a one-off basis or for a longer advisory role, with specific timelines/deliverable built in.
7. During the 2 weeks interaction period, Morpheus will engage in detailed discussions about the strategy, vision of the team, the product that will be / is getting built, product roadmap, timelines and the market potential.
8. During the interaction period, Morpheus expects that you evaluate the Morpheus team, the value they bring to the table, the fit between your team and Morpheus and send out any questions/ queries/concerns that you may have. Note: We strongly encourage you to talk to Founders of other companies we have closely worked with. We will be happy to share their contact information with you.
9. There is absolutely no monetary fee that Morpheus charges from the startups it works with. We are willing to wait, the long haul, for 5-7 years – the time-frame a startup may need to reach exit point.
10. Morpheus will also invest INR 5 Lakhs (11,111.11 USD) in your startup.
11. We encourage you to ask the founders of other Morpheus companies for help. There are about 60 of them, and they’re usually very willing to give advice or make introductions.
12. Morpheus program doesn’t end after four months. We will continue to provide advice and make introductions as long as founders need and so does the informal network of Morpheus companies.

How do we choose who to work with? The people in your team are the most important aspect. We look for intelligence, passion, motivation, a sense of design and a refuse to fail attitude.

You don’t need to have a formal business plan. Just fill the application form with sufficient information.

The original motivation to start Morpheus was to work with startups and provide required advice, introductions, etc. but this is not a charity. If startups we work with become successful we will be able to work with more startups in coming months, if they don’t, we wont be able to keep doing this indefinitely. So we are looking for startups that will be successful.

To apply now, please download the application form, fill up all the information and e-mail it to neo AT themorpheus DOT com . Last date for submission is 31 October 2010. Teams that submit early have an advantage because we have more time to read the applications.