India - Obtain a Business Incubator License

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Procedure

Apply Online

1. To Obtain a Business Incubator License, the applicant must make their application online via the Startup India portal link
2. If the applicant is the new user click Register which is on the top right corner and enter name, email id, phone number and password then click “register.”
3. An OTP will be sent to the applicant’s email. Enter the OTP and click confirm.
4. Then go back to the home page and click “Login” and enter email id and password to logging in.
5. After Login click “Incubator” and click “Next Step.”
6. Then enter all the required details and complete all the steps.
7. Then upload all the necessary documents that are mentioned in the “Required Documents” section of this page.
8. Review and submit the application.
9. Then the applicant must pay the prescribed fee as requested by the authority.
10. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
11. All applications are processed within a reasonable time, having regard to the circumstances of each application, including the completeness of information and documents submitted to the authority by the applicant.
12. The authority may seek additional information from an applicant if this is necessary to assess the application. The authority does not need to deal further with an application until the applicant has provided this additional information.
13. After scrutinizing the application, the authority will issue the license via email.
14. Once you got the license, the applicant can check their incubator profile using the following link link
15. This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

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Required Documents

• Proof of legal status (such as a copy of the certificate of incorporation or registration).
• Proof of experience in running incubation activities (such as a copy of the incubation agreement or a letter from the industry partner).
• Proof of physical space (such as a copy of the lease agreement or a property tax receipt).
• Proof of a dedicated team of professionals (such as a copy of the resumes of the team members).
• Sound financial plan.
• Business plan.
• Scanned copy of profile picture
• Scanned copy of Logo

Office Locations & Contacts

MINISTRY OF COMMERCE AND INDUSTRY
Department for Promotion of Industry and Internal Trade


Startup India
Office Address
INVEST INDIA
110, Vigyan Bhavan Annexe,
001, Maulana Azad Road,
New Delhi 110 001 | +91 011 2304 8255
Toll Free Number: 1-800-115-565
Email: [email protected]
Contact details – link

Eligibility

To obtain a business incubator license in India, you must meet the following requirements:

• Be a Section 8/Section 25 entity or a registered society.
• Have at least 3 years of experience in running incubation activities.
• Have collaboration with industry partners/bodies.
• Have a physical space of at least 1,000 square feet.
• Have a dedicated team of professionals with experience in incubation.
• Have a sound financial plan.

Fees

• The applicant must pay the prescribed fee as per the authority’s request.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. e.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name of the applicant
• Address
• Email
• Telephone
• Date of birth
• Gender
• Incubator name
• Date of establishment
• current Incubates
• Type of industry
• DIPP empanelment number
• Contact details

Need for the Document

• An incubator license is a government-issued permit that allows an organization to operate a business incubator. Business incubators are organizations that provide support and resources to early-stage startups, such as workspace, mentorship, and access to capital.

Information which might help

• Incubators play a vital role in the growth of startups. They provide the necessary resources such as infrastructure, mentorship and financial support to nurture and support innovation of startups. India has 400+ Incubators with most of them at nascent stage. Startup India aims to enhance capacities of the existing incubators and also provide support in setting new incubators.
• For more information – link

Other uses of the Document/Certificate

Here are some of the benefits of obtaining an incubator license:

• It gives the organization the legal authority to operate a business incubator.
• It helps to build credibility and trust with startups and investors.
• It can make it easier to obtain funding and other resources.
• It can help to attract and retain qualified staff.
• It can help to promote the organization's mission and goals.

External Links

link

Others

Here are some additional tips for obtaining a business incubator license in India:

• Make sure that you have a clear and well-defined business plan.
• Build strong relationships with industry partners.
• Have a dedicated team of professionals with experience in incubation.
• Have a sound financial plan.
• Be prepared to answer questions about your business model and your goals.