Any person desirous of availing incubation facilities has to incorporate a private/public limited company under the Indian Companies Act and apply in the prescribed format (attached herein as Annexure-1) along with required documents.
In case the applicant is a Proprietorship, Partnership Firm or a Pre- Incorporated entity, the promoters must get it registered as a private/public limited company within three months of entry into incubation.
In case the applicant is a Proprietorship, Partnership Firm or a Pre- Incorporated entity, the promoters must get it registered as a private/public limited company within three months of entry into incubation.
Companies that are promoted by students enrolled for full-time Degree at an educational institute shall not be offered incubation if student is holding Executive position, however companies promoted by students are eligible to apply for incubation provided student is not actively engaged with the company beyond any engagement which may be permitted by the Institute.
A company if it is promoted by regular Government staff or employee shall be granted incubation only upon submission of “No Objection Certificate” from the competent authority or employer. However, companies having employees as shareholders are eligible to apply for incubation.
Any company that is or proposing to be engaged in consulting, evaluation or certification services, imparting educational courses and/or training program including vocational programs or is planning to undertake such activities during or after its incubation at AIC IIT Delhi is not deemed eligible for incubation and their application will not be entertained,
