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Incubator Eligibility

Incubator Eligibility

 

Host institutes willing to get recognized under UP Startup Policy shall be required to fulfill the following parameters:

  1. Floor Area:10,000 sq. ft. for educational institutes and 5,000 sq. ft. for incubators occupying commercial space.
  2. Dedicated Incubation Team: Incubator must employ a dedicated incubation manager to manage the regular operations along with 2 other team members to support.
  3. Co-working Space: Incubator shall ceate coworking space of at least 100 sq. ft. per seat.
  4. Meeting Rooms: There should be availability of dedicated meetings rooms available to be used for client meetings by startups.
  5. Conference Room: A conference room should also be there to hold small events or mentoring classes for startups founders.
  6. Cafeteria/Refreshment Zone: Refreshments zone shall be established for startups and visitors working from/visiting the incubation center.

Apart from physical infrastructure, Incubators shall also be required to set up digital infrastructure to offer incubation services and engage with startups/other stakeholders digitally. They will be required to provide input in digital format (through API integration with Start-In-UP Portal, wherever possible) against Key Performance Indicators assigned by the Startup Nodal Agency/PIU to all GoUP recognised incubators.