Centre of Incubation or Technology Business Incubator
(TBI)
Technology business incubator (TBI) is able to support the
incubatees in respect of "Space + Services + Knowledge or skill" still the
incubatee has to meet the working capital requirements in addition to certain
specialized capital requirements of a technology driven start up. The objective
of the seed support is to bridge the gap so that the financial constraint
doesn't become a stumbling block in the 'Concept to commercialization' process.
This is capital seed fund and when successfully utilized would enable the
incubatee to seek higher level of loan assistance from Financial Institutions
for further growth.
Some of the government funding agencies like DST, Dept of
Electronics and Information Technology etc will support the start-ups through
TBI, once TBI is established in the K L Deemed to be University.
The steps involved in the selection of Incubatees are:
- Screening of Application Forms
by TBI Committee and forwarding to the Experts Panel
- Reviewing of the application
by Experts panel and identifying of prospective Incubatee.
- Interviewing of Incubatee by
the Experts Panel.
- Receiving Formal approval from
Panel.
- Negotiating of TBI Terms &
Conditions with incubatee.
- Executing of Agreement by the
Incubatee.
- Inducting of Incubatee in TBI.
- The selection and induction
procedure may take a few days time.