Incubation Center:The incubation center would provide the right platform for start-up companies and SMEs in the sectors of IT & BT and to help them to create their own enterprises and grow in a competitive global environment. This would be a state of the art facility specifically catering to start up ventures and SMEs. It would consist of plug and play facilities available on a per seat basis so that prospective entrepreneurs and business ventures can commence operations with minimum gestation period.
The Incubation center would have a dedicated "Advisory Cell” to held entrepreneurs and SMEs in various stages of business. The advisory cell would held the budding entrepreneurs with the business plan formation, customer search, market analysis, company formation, patent filing, IPR, etc.
The selection of the projects would be done on the evaluation of the applicants, by a selection committee made up of experts. The selection would take into account, amongst other things, the following three criteria:
- the technological and scientific quality of the project
- the economic viability of the project
- the profile of the candidate and the quality of his team