Incubation

ACIC - ASIIC incubation program is delineated to transfer one's innovation into precipitation. The main objective of this program is to understand and cater support to the enthusiastic entrepreneurs in flourishing their products into their full potentials.
It also extends opportunities to entrepreneurs to escalate their ability for their startups.

Eligibility criteria Entrepreneurs should be Indian citizens and above the age of 18 Entrepreneurs/ start-ups should have at least a POC/Prototype/ working model of the product. Entrepreneurs/ start-ups may be registered under either form of a business entity as follows            o Private limited company [under the Companies Act,2013] or            o Sole proprietorship company or.            o One person company or            o A registered partnership company firm [ under the Indian Partnership Act,1932]; or            o A limited liability partnership [ under the limited liability partnership act,2008]; or            o A commercial establishment in any other form allowed by the government of India laws or as notified in the official gazette. Entrepreneurs/start-ups with no legal registration may be considered for incubation provided the application is submitted in the name of all promoters/founders must ensure that the start-up is registered under either form of a business entity listed in point 3, within a period of 1 year from the start date of incubation at ACIC-ASIIC. Further to the criteria mentioned in section 3, the registered start-up            o Must not be older than 7 years from the date of registration/company incorporation (biotechnology-related start-ups must not be older than 10 years from the date of the               registration/company incorporation)            o Its annual turnover as defined in the [Companies Act,2013] in any preceding financial year must not exceed INR.25 Cr.            o Must not be formed by splitting up, or reconstruction, of a business already in existence.            o Must be working towards the development of innovative products/ processes/ services and must have a scalable business model with a high potential for employment                generation or revenue generation.

Facilities Co-working spaces Knowledge Sessions Lab Facilities Prototyping Facilities Industry and Investor Connect Mentorship and Advisory support Funding support Technical support

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