Deadline: 30-Oct-21
Are you facing trouble in bringing your ideas to reality? Having a startup idea but stuck with the implementation? Do you even have the prototype/product ready but are not sure about the market? If yes then, apply for Startup Incubation Program-2021.
The Government of India is pleased to announce Startup Incubation Program-2021 that aims to promote corporate innovation at a very Grassroot level.
Streams
B.incube start-up program 2021 offers two streams to benefit start-ups at the ideation stage as well as the implementation stage:
- B.incube Udayan Program: Udayan is a 9-week long intensive program for pre-seed/Ideation stage start-ups.
- B.Incube Aakar program: Aakar is a 5-month long Incubation program for seed-stage start-ups whose product/prototype is ready.
What do they offer?
- Being a government-backed Incubator, B.incube offers all possible institutional support for start-ups incubated with them.
- High-performing selected start-ups to have a platform to avail the Government Market.
- Sector-Specific Mentorship from Industry Experts.
- Access to Technical/Non-Technical Expert form IIT’S and IIM’s.
- Easy reach to Impact Investors.
- Networking at the local and national levels.
- Legal and Financial Services.
- A start-up Kit
- A state-of-the-art infrastructure.
Eligibility Criteria
- Incube Udayan Program
- Any person/start-up/company/organization, having an innovative idea/start-up can apply for incubation at B.Incube.
- The idea/start-up must fulfill the grounds of Innovation.
- Both Tech & Non-Tech Startups can apply for the Incubation Program
- Incube Aakar program
- Entrepreneurs/Startups may be an individual or group of individuals working towards innovative products/services that have a scalable business model, can apply.
- Startups of various stages including POC/ MVP/ Prototype/ Market Ready/ Seed Stage can apply.
- Both Technical & Non-Technical Startups can apply for the Incubation Program
- Startups applying may be registered under either form of a business entity as follows,
- Private Limited Company (under The Companies Act, 2013); 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 laws or as notified in the Official Gazette.
- Registered Startup Must not be older than 7 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.
- The start-up may have their DPIIT registration done.
- Any start-up not fulfilling the above criteria may apply but would be subject to consideration.
For more information, visit https://www.startupindia.gov.in/content/sih/en/ams-application/incubator-program.html?applicationId=615aa07ee4b033527d0a9ccd