Incubation Center is a holistic ecosystem for startups for their growth and development towards a successful and independent venture. The Center houses the startups, provides guidance and mentoring, and a list of benefits at a point, thereby helping them to grow. You can fine more details about our Incubation Center at www.iiitdic.in.
Yes, the center is supported and recognized
The various benefits are:
You can apply round the year.
It is for 11 months for now and can go to the maximum to 3 years.
You can approach the Incubation Center for mentoring and feedback.
The formation of the Company depends completely on you. It is advisable not to form a Company only on the basis of a mere idea. However, we advise requesting an appointment with us to discuss your idea.
Yes, we can connect you with our impaneled Consultant, who can guide you about Company formation in detail.
Yes, Incubation Center is open for external Startups, provided they fulfill eligibility conditions.
For faculty/staff/students of IIIT Delhi, we provide a pre-incubation facility and mentor them. Overtime after it will be incubated. If the idea is already a registered entity, we can incubate.
It depends on your requirements and provisions within the Incubation Center. You will get a waiver of 25% in Incubation fees. Faculty must have 51% or more stakes in the startup to be designated as a faculty startup.
Presently, it is INR 6000/-. For faculty/staff/alumni of IIIT Delhi, a waiver of 25% and for students of IIIT Delhi, a waiver of 50% is provided.
We have an option to defer your incubation charges up to 50% and the same can be returned back after a certain period or can be converted to equities.
Incubation Center has provisions for Seed Funding based on its terms. You can review the policy from https://iiitdic.in/wp-content/seed-fund.pdf
The Center will connect you with appropriate agencies where you can pitch your idea for financial support.
Submit your application online at: www.iiitdic.in
You will be called for presentation and discussion and based on feedback by the selection committee you will be incubated by signing an agreement.
You have to provide details of your startup, a growth plan, business model, and purpose to be the part of the Incubation Center.
The eligibility conditions are mentioned with the Incubation Applications. You can check it from https://iiitdic.in/incubation.pdf
The incubatee must have a Pvt. Ltd. company at the time of joining the Center. Proprietorship is not allowed. LLPs may be considered, however, it is on our management’s discretion.
There are seed funding provisions. Visit https://iiitdic.in/wp-content/seed-fund.pdf for details.
More details are available at https://iiitdic.in/incubation.pdf
Students have 50% and Alumni have a 25% waiver in Incubation charges. For alumni, we have an Alumni Fellowship Program. Details about Alumni Fellowship program is available at https://iiitdic.in/fellowship.pdf
Any other benefits/facilities are based on the requirements and subject to availability of the Incubation Center.
Incubation Center has a Design Innovation Lab equipped with the high-end latest hardware and software. There are other labs in IIIT Delhi, we can facilitate their access too.
To leverage the Incubation Center facilities & benefits you have to incubate. In such cases, you can discuss the matter with the Incubation Center. There is an option of Virtual Incubation, however, benefits are very limited.
Apply online for our funding. We fund startups all around the year. Visit https://iiitdic.in/apply-for-seed-investment/
When you are applying for Seed Funding, a detailed business plan and financial will be required.
Incubation Center is not only meant for providing funding. Financial support is one of the benefits.
No, we are open to any startup in our thrust areas.