FAQ

Q. How to apply for Incubation Center?
A. Please visit our website ( http://iiitdic.in/ ) for a detailed form to be filled in by the Individual/Company.

Q. What all services are offered in the Incubation Center?
A. Facilities offered :

Infrastructure facility

 Co-working space and office space
 High-speed internet access
 Shared administrative or office services
 Facilities for organizing workshops/seminars
 Specialized equipment and High tech lab
 Hostel and Guest facilities

Business services

 Assistance with business basics
 Access to venture capitalists, business angels, mentors, and strategic partner linkages
 Shadow advisory boards or mentors
 Help with regulatory compliance
 Business model strategy plan.
 IPR protection and licensing assistance

Financing and Access to Finance

 Accounting and financial management
 Fundraising and access to venture investors, business Angels.
 Seed investment capital
 Access to grants
 Deferred payment option

Connectivity and Mentoring

 Mentoring and access to a network of mentors.
 Technical mentorship and advisory
 Interns for Incubatee companies

Education /Access to Knowledge

 Resource Library services, access to the knowledge database
 Group training workshops Seminars

Q. what are the financial supports provided by Incubation center to the Incubatee?
A. * You are eligible to apply for seed fund after becoming an incubatee for 6 months.
*Can also avail deferred payment on 50% of the incubation charges.

Q. What is the operating time of the center?
A. In line with the ever-changing nature of business activities, the center’s Incubation Space is open 24/7.

Q. What criteria do the Application Committee consider when judging applications to be part of the Incubator?
A.
* Level of innovation of the proposed solution.
* Market potential of the project.
* Management team (number and profiles of the entrepreneurs). Teams of a minimum of two members are mandatory.
* Economic impact on the community in the form of job creation potential and contribution to the growth of the economic base.

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