AIC-NMIMS Incubation Centre is the trademark and brand name of the Atal Incubation Centre established at NMIMS (Deemed-to-be-University). It is one among the several Atal Incubation Centres that is being established in the country and funded by Atal Innovation Mission set up be NITI Aayog. AIC-NMIMS Incubation Centre is registered as a not-for-profit Section 8 Company (erstwhile Section 25 Company under the Companies Act, 1956) and will be guided by well-qualified and competent Board of Directors.
AIC-NMIMS is located at the Mumbai campus of state-of-the-art NMIMS School of Business and will have access to Institutes’ wifi-enabled infrastructure like classrooms with LCD projectors, technical labs, seminar halls, conference rooms, board rooms, computer labs, library, cafeteria, vehicle parking and other facilities.
Entrepreneurs and Start-ups interested in applying for incubation at AIC-NMIMS Incubation Centre will be considered under following criteria:
1. Entrepreneurs/Start-ups may be an individual or group of individuals working towards development of innovative products/ processes/ services and must have a scalable business model with a high potential of employment generation or wealth creation.
2. Entrepreneurs/Start-ups may be registered under either form of business entity as follows:
Private Limited Company (under The Companies Act, 2013); or
Sole proprietorship Company; or
One Person Company; or
A Registered Partnership Firm (under The Indian Partnership Act, 1932); or
A Limited Liability Partnership (under The Limited Liability Partnership Act, 2008); or
A “Commercial Establishment” in any other form allowed by Government of India laws or as notified in the Official Gazette.
3. Entrepreneurs/Start-ups with no legal registration may be considered for incubation provided the application is submitted in the names of all promoters/founders. Also the promoters/founders must ensure that the Start-up is registered under either form of business entity listed in point 2, within a period of One Year from the start date of incubation at AIC-NMIMS Incubation Centre.
4. Further to the criteria mentioned in Section 2, the registered Start-up:
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 registration/ company incorporation).
Its annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed INR. 25 crore.
Must not be formed by splitting up, or reconstruction, of a business already in existence.
Must be working towards development of innovative products/ processes/services and must have a scalable business model with a high potential of employment generation or wealth creation.
Awards:- Support & non fiscal incentives
Deadline:- 31-01-2022
