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The incubations stages comprised of
The duration of license to operate in the incubator program shall be for a term of 6 months namely ‘Pre-Incubation’. An extension of one more term of 1 year shall be considered on a case-by-case basis based on the recommendation of the expert committee. These entrepreneurs shall move out of incubator at the end of the license period whether they have graduated* or not.
The entrepreneur has to submit a formal application to the expert committee highlighting all factors responsible for the delays in the plan. The application should show the strategies adopted by the venture in overcoming the problems faced by the Company.
The venture shall graduate from the incubation programme when any one of the following conditions is fulfilled.
If any of the above events takes place the venture will be treated as graduated from incubation programme and the membership in the incubator will be discontinued.