INCUBATION Centre - GoB
They help entrepreneurs to define the model and objectives of their project, measure results and viability, obtain financing, partners and investors, prepare the business plan and carry out the market analysis or marketing strategy, among others.
Objectives Of Incubation Centre
- Create, foster & promote entrepreneurship
- Nurture Young Minds
- Hub and Spoke Model
- Assistance & Mentorship Program
- Entrepreneurship Resource Library
Eligibility criteria
- The company should be Private limited company, Partnership Firm, Limited Liability partnership and not older than 10-years.
- Not to be exceed 100 crores turn over.
- Working towards Innovation, Development, Improvements of products, Process services.
- Entity should not be considered as Start-up i.e. formed by splitting, reconstruction of existing business.
- Must be incorporated or registered in Bihar and having office in Bihar.
- Taxes from the operation of the company are payable in Bihar
Focus areas
- Agri-tech and Allied Sector
- Edu-tech
- Food Processing
- Travel and Tourism
- AI/ML/Deep Tech
- Green Energy / Environment
- Healthcare
- Electric Vehicle /Transportation / Logistic
- IoT, Drones & Robotics
- IT/ITes
- Construction / Architecture / Proptech
- Fashion / Apparels / Handicrafts
- E-Commerce
Incentives
Seed Funding
Up to Rs. 10 lakhs as Interest free loan for 10 years.
Early-Stage Funding Support
- Matching Support: Matching loan of 100% of fund raised from Angel Investors/VC-SEBI registered Category | AIFs (up to a max of Rs. 50 Lakhs)
- 2% success fee as grant on raising investment from registered angel investors
- Acceleration Program: Reimbursement of up to Rs. 3 Lakhs for completion of an Acceleration program
- Post-Seed Fund Support: Rs. 15 Lakh additional funding to scaling startups as runway fund
Scale up Funding
- To participate in SEBI registered AlFs and Venture Capital Fund for bigger funding avenues for the startups which are at commercialization stage.
- To facilitate listing and public issue of Startups in collaboration with National Stock Exchanges.
IPR Funding support
- Bear all costs towards filing domestic patents and provide financial assistance in form of reimbursement for international patents.
Other Incentives
Women led Enterprise & SC/ST/ Differently abled Enterprise shall get additional 5% (10.5 lakh) & 15% (11.5 lakh) respectively.
Support available to startups
- Access to essential resources like office space, laboratories, infrastructure and equipment for product and business development.
- Mentorship (personalized & group) and guidance from industry experts to navigate challenges and make informed decisions.
- Participation in training programs and workshops to acquire essential entrepreneurial skills.
- Networking opportunities with fellow founders, investors and industry leaders to accelerate growth.
- Potential financial support through grants, seed funding or access to institutional investment networks.
- Enhanced recognition and credibility in the startup ecosystem, facilitating business development and partnerships.
- The services will be free to the incubatee subject to the financial assistance to incubator under Bihar Startup Policy for providing such services.
Terms and Conditions
Helps all Incubatees but financial support is only for the start-ups that’s come under Start-Up Bihar