Deadline: 20-Nov-21
Are you facing trouble in bringing your ideas to reality? Have a startup idea but stuck with the implementation? Do you even have the prototype/product ready but are not sure about the market? B.Incube’s Start-up program 2021 is the answer to all your entrepreneurial queries.
B.Incube is a Business Incubator Workspace that strives to promote corporate innovation at a very Grassroot level. Whether it’s just an idea that just jumped out of your mind or a great business plan you’ve been working on for years, they are here to help!
B.Incube is the government-backed business incubator workspace with supporting services for selected start-ups and early-stage ventures – to enable them to develop and improve their product or service for entry into the market. With backing from government agencies, corporates, and the institutional partners, B.Incube strives to provide a platform for promising entrepreneurs to turn their ideas into reality.
Note
- There is no application fee.
- B.incube offers both offline and online modes of Incubation.
Which Sectors/Category of start-ups does B.Incube entertain?
Agriculture and Allied Fields, Bio-Technology Building Materials/Construction Technology, Electricity, New and Renewable Energy and Environmental sustainability, Education Health and Pharmaceuticals, Information & Communication Technology (ICT), Sensor Technology Manufacturing and Engineering, Micro and Nanoelectronics, New Materials including Nano Materials, Water, Sanitation and Solid Waste Management, Housing – Urban and Rural Transport and Other emerging areas or of social/national importance.
Benefits
- 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.
Incentives
- Fiscal Incentives
- Support for participating in various Government/Private Grants & Funding schemes for Startups
- Access to Impact Investment & CSR Funds.
- A start-up kit
- Non-Fiscal Incentives
- Government and Industry associations
- Sector-specific Mentoring.
- Pitching Sessions
- Capacity Building Training & Workshops
- Networking support
- Legal, IPR, Business & Financial Advisory
- State of the Art Infrastructure.
Eligibility Criteria
- Anyone who is passionate, curious, and creative hustler can apply.
- Entrepreneurs/Startups may be an individual or groups 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 criteria may apply but would be subject to consideration.
For more information, visit https://bit.ly/3oDZY2m