The Criteria for Acceptance of
Incubatee Companies
Innovativeness and technical viability of the proposed product/service
Market potential of the product/service
Competitiveness of the organization to capture the market
Adaptability of the organization to change as per the changing environmental/market conditions
Organization’s growth potential
Financial sustainability
The business activities proposed should be in the advanced technology area such as Information Technology, Electronics, Biotechnology, Nanotechnology, Agriculture and Renewable Energy
The company must meet the definition of a Technology based company (An organization which pursues commercial applications of science/technology-based innovations, employs a high percentage of technicians, engineers or scientists; or requires R&D to produce new products or services)
The venture proposed can be a society, limited company, partnership or Sole Proprietorship
Demonstrate a need for incubator services
Demonstrate capabilities for business viability and growth
The business plan submitted is sound
The business proposed should have significant employment potential/revenue generation potential/earning potential
The promoters should have a track record in undertaking entrepreneurial ventures
Selection & Review Process
Once the business plan is accepted and the company is inducted, it can start its operations which are reviewed in a periodic manner by the Executive/Steering Committee based on which revisions would also be proposed to the incubatees.
