"National Design Business Incubator (NDBI) is a design-based incubator hosted at National Institute of Design and supported by Department of Science & Technology, Government of India and Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. It is also one of the Nodal Institute for implementing Govt. of Gujarat Startup/Innovation Policy.
The purpose of NDBI is to nurture a culture of entrepreneurship in the creative minds of young designers, so that their ideas metamorphose into newer and niftier products or services capable of being utilized commercially."
1). What is NDBI?
National Design Business Incubator (NDBI) is a Business Incubator hosted at National Institute of Design and supported by Department of Science & Technology, Government of India and Department for Promotion of Industry & Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India. It is also one of the Nodal Institute for implementing Govt. of Gujarat Startup/Innovation Policy.
2). Is NDBI incubation program open to only NID Students?
No, NDBI incubation program is open to all the startups registered in India.
3). What are the supports provided by NDBI to Startups?
NDBI provided following support to its selected startups:
Co-working office space at its Ahmedabad and Bengaluru Campus
Access to Seed Funding*
Access to design labs
Other supports like legal, company formation etc
4). What is the duration of incubation Program at NDBI?
NDBI incubation program is for 18 months. An extension of 6 months may be given to a startup after the completion of 18 months, if NDBI feels that startup needs more time support & guidance from NDBI
5). What is the eligibility for applying to NDBI? Students?
Any startup, which qualifies as a startup as per the definition of Government of India is eligible to apply for NDBI.
Startup should be registered as a private limited, LLP or registered partnership company*
Startup date of incorporation should not be more than 10 years old
Startup’s turnover for any financial year since incorporation and registration should not have exceeded Rs. 100 crore
Startup should be working on innovation, development or improvement of products or processes or services
Startup should not be formed by splitting up or reconstruction of an existing business
Startup should be atleast at a Prototype or MVP stage
*if, at the time of selection, startup is not registered, it gets three months to complete the formalities
6). Does NDBI only supports design based Startup?
Though NDBI’s focus is on supporting design based startups, but other startups are also supported if NDBI feels that it can add value to the startup and startup has a potential of becoming a sustainable business
7). What are the charges for incubation program?
Consideration for NDBI Incubation Program
1) Cash Consideration:One time non-refundable registration fee of Rs. 15,000/- (Rupees Fifteen Thousand only).
2) Non-cash Consideration:1% non-dilutable equity in the company
8). What is the selection process?
Interested startups can apply for NDBI incubation program by filling up the application form available at NDBI website ndbiindia.org. After the preliminary screening, shortlisted startups are invited to present their idea and business plan to a selection committee. Based on their presentation and recommendations of the selection committee, selected startups are invited for incubation program