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AIC-NMIMS Incubation Program in India

Deadline: 15-Aug-22

Applications are now open for the Atal Incubation Centre (AIC)-NMIMS Incubation Program.

AIC-NMIMS Incubation Centre is the trademark and brand name of the Atal Incubation Centre established at NMIMS (Deemed-to-be-University). It is one among the several Atal Incubation Centres that is being established in the country and funded by Atal Innovation Mission set up be NITI Aayog. AIC-NMIMS Incubation Centre is registered as a not-for-profit Section 8 Company (erstwhile Section 25 Company under the Companies Act, 1956) and will be guided by well-qualified and competent Board of Directors.

AIC-NMIMS is located at the Mumbai campus of state-of-the-art NMIMS School of Business and will have access to Institutes’ wifi-enabled infrastructure like classrooms with LCD projectors, technical labs, seminar halls, conference rooms, board rooms, computer labs, library, cafeteria, vehicle parking and other facilities.

Services
  • Business Advisory
  • Entrepreneurship Training
  • Finance Advisory
  • Legal Advisory
  • Marketing Advisory
  • Recruitment
  • Investor Connect
  • Mentoring
Eligibility Criteria

Entrepreneurs and Start-ups interested in applying for incubation at AIC-NMIMS Incubation Centre will be considered under following criteria:

  • Entrepreneurs/Start-ups may be an individual or group of individuals working towards development of innovative products/ processes/ services and must have a scalable business model with a high potential of employment generation or wealth creation.
  • Entrepreneurs/Start-ups may be registered under either form of business entity as follows:
    • Private Limited Company (under The Companies Act, 2013); or
    • Sole proprietorship Company; or
    • One Person Company; or
    • A Registered Partnership Firm (under The Indian Partnership Act, 1932); or
    • A Limited Liability Partnership (under The Limited Liability Partnership Act, 2008); or
    • A “Commercial Establishment” in any other form allowed by Government of India.
  • Entrepreneurs/Start-ups with no legal registration may be considered for incubation provided the application is submitted in the names of all promoters/founders. Also the promoters/founders must ensure that the Start-up is registered under either form of business entity, within a period of One Year from the start date of incubation at AIC-NMIMS Incubation Centre.
  • The registered Start-up:
    • Must not be older than 7 years from the date of registration/ company incorporation (Biotechnology-related Start-ups must not be older than 10 years from the date of registration/ company incorporation).
    • Its annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed INR. 25 crore.
    • Must not be formed by splitting up, or reconstruction, of a business already in existence.
    • Must be working towards development of innovative products/ processes/services and must have a scalable business model with a high potential of employment generation or wealth creation.

For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/incubator-program.html?applicationId=62ac0edce4b07b2cded6c9fb