Benefits
Rs. 25,000/- per month will be provided to the innovation projects as sustenance allowance for one year whose project is recommended by the Host Institution and approved by the Empowered Committee.
The incubation center will provide support to the startups and innovation projects by providing mentoring services, and access to their labs, facilities, etc. on a free-of-cost (FOC) basis.
Marketing/commercialization assistance of a maximum of Rs. 10 lahks will be provided to the innovation project to launch its products/services in the market.
Patent Filing Cost: The cost of filing and processing patent applications will be reimbursed to the incubated startup companies subject to a limit of Rs. 2 lakh (0.2 million) per Indian patent awarded or actual cost incurred, whichever is less. For awarded foreign patents on a single subject matter, up to Rs. 10 lahks (1 Million)or the actual cost incurred, whichever is less would be reimbursed. The reimbursement will be done in 2 stages, i.e., 75% after the patent is filed and the balance 25% after the patent is granted. This incentive shall be routed through the incubator concerned.