INCUBATING WITH CIIE: POLICY AND PROCEDURE
CIIE seeks to support ventures from the start-up phase to scaling operations by providing the necessary support and help to the entrepreneurs. Ventures supported by CIIE may be set up for commercialization of technological innovation, scaling up of an existing commercial or social enterprise/idea or for providing services to a larger enterprise. Ventures from any academic discipline will be welcomed at CIIE, and not only restricted to Mining Engineering, Petroleum Engineering, Earth System Sciences, Geo-Physics, Information and Communication Technology (ICT), Biotechnology, Food Technology, Agriculture and allied sectors. Likewise, ventures aiming at making social impact could be working towards any of the prominent issues faced by society, including but not restricted to modernizing agricultural practices, greater economic opportunities for women, greater employment opportunities for youth and overcoming social divides.
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Incubation Process at CIIE:
To apply for incubation at CIIE, the applicant would be required to fill in an application form and furnish details about their enterprise or idea along with justification on how they were working /planning to work towards innovation, development or improvement of products or processes or services that would translate into a scalable business model with a high potential of employment generation or wealth creation. The application would then be screened at CIIE by an evaluation committee and examined for financial and technical feasibility. If cleared in the first round of screening, applicants may be invited to present their ideas before a selection panel. If selected for incubation, incubates would sign an incubation agreement containing rules and norms for incubation, consideration, equity holding, usage of laboratories and other facilities etc. Upon signing of the agreement, the incubates would be allotted facilities at CIIE subject to the availability and need of incubate, after which they can start the process of incubation.
You can download full policy document from here .