The above-mentioned agencies are classified into three Groups for specific supports, and the Call for Application is particularly meant for Group 1.
o Government Departments, Government Agencies, International Universities, Commodity Boards and Industry Associations
o Reputed International incubators /accelerators which are in operation in international locations for at least three years
o The proposed incubator should operate out of a Government owned space or space within a Government approved IT Park.
o Size of Incubator: Between 5000 to 25,000 sqft
o Percentage of Startup Incubatees: At least 90%
o Charges leviable by the incubation service provider on the startups: Maximum Rs.2500/month
o Capital Assistance: Furnishing expense limited to Rs 2000 per sqft; provided such furnishing is done in a Government space, including own space provided by Local Bodies and PSUs
o Operational Assistance: Maximum of Rs.50/sqft/month
o Maximum period of Operational Assistance and Internet support: 5 years
o Promotional Support: All incubate will be eligible for KSUM schemes like Startup boxes, grants, seed funds cloud credits etc.
o Startup Mentoring supports as provided in the Clause 10.3 of IT Sub Policy 2017.
o The money will be disbursed in tranches
o The successive tranches will be released only upon submission of the Utilisation Certificate of the previous tranche
o Every such facility / incubator supported will be closely monitored and the status report presented every year to Government as an integral part of the Startup Ecosystem Report
o Application along with signed undertaking
o Detailed Project Report including Financials
o Business Plan of the proposed incubator