Incubation :: Physical Incubation

For physical incubation, the startup is required to register and operate from NDBI premises physically. Physical incubatees are also eligible for service tax exemption to a max of 3 years.

Incubation cycle

Incubation cycle involves the following broad steps

> Application for incubation

> Selection of incubatees

> Signing of Memorandum of understanding with incubatees Providing access to    technology and related networks, infrastructure and services to selected incubatees

> Formation of an enterprise, business plan, market research, consultancy, legal,    finance and other support

> Periodic assessment of the incubatee

> Graduation of the incubatee

Facility

These among others include:

> Dedicated/shared air-conditioned office space with furniture, a desktop computer,
   shared printer, shared fax, high speed internet access, access to high end design
   softwares, conferencing facilities, etc. The incubatees are free to use their laptops    and desktops as per their requirement.

> Network by which one could access specialists and research labs to develop or to
   improve the innovative technology including research, testing facilities, materials,    prototyping, design, etc.

> IPR consultants for help in registering patent, copyright and trademarks.

> Legal experts for firm incorporation, venture capitalist, faculty mentoring, help in    preparing business plan for the incubatee product/design, access to facilities like    library, telecom, photocopying machine, canteen, etc.

> Physical Incubatees of NDBI are eligible for Service Tax Exemption for three years    or upto a max of Rs.50 lakhs turnover as per the recent notification of Ministry of    Finance, Government of India.
   For more information please visit http://www.nstedb.com/notification.doc

Infrastructure

The other infrastructural facilities available to physical incubatees within the NID premises on payment include access to:

> Knowledge Management Center
> Labs and studios
> Design Vision Centre
> High Performance Visualisation Lab 
> NID Autodesk Center of Excellence
> PACE Lab
> Rapid Product Development Lab 
> Laser cutting
> 3D laser scanning
> Design Research Chairs

More details of other infrastructure>>

Funding

NDBI helps the entrepreneurs incubated here through grants, venture funds to the start-ups or raising venture finance for them. Some of the funds that NDBI leverages include:

VRF: Department of Industrial Policy and Promotion, (DIPP) is extending support to outstanding start-ups at NDBI through venture ready scheme.

TePP: NDBI with the support of Department of Scientific and Industrial Research, (DSIR) is implementing this novel programme 'Technopreneur Promotion Programme' (TePP), to enable the innovation skills of individual innovators. As part of this program, NDBI helps in raising upto Rs 15 lakh in phase-I as grant for any innovator who wants to develop a prototype based on his/her idea and upto Rs. 45 lakh in phase-II for commercialization of the prototype developed in phase-I.

VC Funding: Facilitate Angel/VC funding

Incubation period in NDBI

Physical Incubation period in NDBI is 18 months which can be extended further by 6 months or more. NDBI holds indisputable right to grant extension to a startup depending on the case concerned.

Refundable Deposit

To register as physical incubatee, the startup company has to pay a onetime refundable deposit of a minimum of Rs. 10,000 to a maximum of Rs.1 lakh. The amount would be decided based on the nature of the startup at the time of incubation.