Start-up Incubation Program 2021

B. Incube startup incubation center announces START-UP Incubation Program 2021.B. Incube is a Government of India Startup Programme and Government of Chhattisgarh-backed incubator for early-stage startups. Start-up Incubation Program provides support services for selected start-ups and early-stage ventures – to enable them to develop and improve their product or service for entry into the market. The selected Startup will become part of the larger B. Incube community and get support throughout the entrepreneurial journey. The current article briefs the procedure to apply for the B.Incube Start-up Incubation Program 2021. Know more about StartupXY Incubation Program for Technology Startups

Note on B. Incube startup incubation center

The B. Incube startup incubation center provides real solutions to the hurdles one encounters as an entrepreneur, including suggestions, tools, and insider knowledge to help strengthen and develop their business. With backing from government agencies, corporate, and our institutional partners, B.Incube strives to provide a platform for promising entrepreneurs to turn their ideas into reality.

The objective of the START-UP Incubation Program

The B. Incube aims to promote innovation and entrepreneurship by nurturing startups through various support services such as mentoring, infrastructure, management, financial, IPR, and networking support systems.

Types of B.incube Start-up program 2021

B.incube Start-up program 2021 offers two streams to benefit start-ups at the ideation stage as well as the implementation stage.

B.incube Udayan Program

The B.Incube Udayan program enables start-ups to build their idea into a business plan, thereby helping them to successfully enter the market and scale up their business.

Udayan is a 9 week-long intensive business program.
The startups will be inducted and trained on the essentials of entrepreneurship.
Upon graduation from the 9 weeks, program startups will receive a certificate and successful startups will be selected for long-term incubation at the B.Incube for an additional 5 months.

B.Incube AAKAR program

The B.Incube AAKAR program is an intensive 5 months incubation program for start-ups at the pre-launch stage.

In line with this program B. Incube will work with the startup to take the company to the next level on getting the product to market, growing the customer and revenue base, providing government and industry associations.
The B.Incube also works with startups to get funding for scaling up operations and market growth.

Eligible Startup for START-UP Incubation Program 2021

The following type of startups can apply for the START-UP Incubation Program 2021:

Incubator
Investor
Mentor
Ideation Stage Startup
Early Traction Startup
Scaling Stage Startup

Eligibility Criteria for START-UP Incubation Program 2021

The eligibility criteria for startups to participate in the START-UP Incubation Program 2021 are as follows:

Eligibility for B.incube Udayan Program

Any person, start-up, company, organization, having an innovative idea/start-up can apply for incubation at B.Incube.

The idea/start-up must fulfill the grounds of Innovation.
Both Tech & Non-Tech Startups can apply for the Incubation Program

Eligibility for B.Incube Aakar program

Entrepreneurs, Startups, or individuals or groups of individuals working towards innovative products/services that have a scalable business model, can apply for the B.Incube Aakar program.
Startups of various stages including Proof of concept (POC), Minimum Viable Product, Prototype, Market Ready, or Seed Stage can apply.
Both Technical and Non-Technical Startups can apply for the Incubation Program
Startups applying may be registered under either of the following forms of a business entity:
- Private Limited Company (under The Companies Act, 2013); 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.
Registered Startup Must not be older than 7 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 Rs. 25 crores.
The Startup must not be formed by splitting up, or reconstructing, a business already in existence.
The start-up must have a DPIIT registration certificate

Benefits offered to Startups

Being a government-backed Incubator, B.incube offers all possible institutional support for start-ups incubated with them.

High-performing selected start-ups will have a platform to avail the Government Market.
Sector-Specific Mentorship from Industry Experts also provided to startups.
The startups will get access to Technical/Non-Technical Expert from the Indian Institutes of Technology and Indian Institutes of Management.
The B.incube also offers easy reach to Impact Investors
Networking at the local and national levels will be provided to eligible startups
Legal and Financial Services will also be offered
A start-up Kit and A state-of-the-art infrastructure will be granted to selected startups

Focus Area

B.Incube START-UP Incubation Program 2021 is looking to collaborate & work with startups in any of the following themes:

Advertising and Architecture Interior Design
AR VR (Augmented + Virtual Reality)
Automotive, Art & Photography
Animation and Computer Vision
Telecommunication & Networking
Construction, Agriculture, and AI
Green Technology, Events and Fashion
Finance Technology and Enterprise Software
Food & Beverages and Design
Education and Renewable Energy
Healthcare & Lifesciences and Internet Of Things
IT Services and Marketing
Nanotechnology, Media & Entertainment
Social Impact and Social Network

Service Type

The relevant service type for B.Incube START-UP Incubation Program 2021 is as follows:

Government and Hyperlocal
Location-Based Services and Marketplace
Offline and Online Aggregator
Platform and Consultingpir
Engineering and Research

Incentives Offered

The following incentives are offered under the B.Incube START-UP Incubation Program 2021:

Fiscal Incentives

Support for participating in various Government, Private Grants, and Funding schemes for Startups
The startups will get access to Impact Investment and CSR Funds
A start-up kit also provided for startups under the B.Incube START-UP Incubation Program 2021

Non-Fiscal Incentives

B.Incube offers Government and Industry associations
Sector-specific Mentoring also granted to startups
Pitching Sessions
Capacity Building Training and Workshops
Networking support, Legal, IPR, Business & Financial Advisory will be provided to startups
State of the Art Infrastructure

TimeLine of B.Incube Incubation Program 2021

Application Opens	5th October 2021
Deadline to Apply	30th October 2021
Application Result Date	10th November 2021

Application Procedure

The B.Incube START-UP Incubation Program applications will be open till 30th October 2021. The applicant is required to access the official webpage of the B.Incube start-up incubation program 2021.

Start-up Incubation Program 2021 - B. Incube Homepage From the homepage, click on the Apply for Udayan or Apply for Aakar, the link will redirect to the respective page.

Start-up Incubation Program 2021 - B. Incube Application B.Incube Udayan 2021

Start-up Incubation Program 2021 - B. Incube Udayan Application Provide the following details for the B.Incube Udayan Program application:

Name and Email
Date of Birth and Contact Number
Country and State
Name of the Start-up
Details of Startup Idea
Stage of Startup
Details of the sector do the Start-up/business/ idea fall under
The assistance details from B.incub

After providing the details attach the Presentation/Pitch deck and click on the submit button. B.Incube AAKAR 2021

Start-up Incubation Program 2021 - B. Incube Aakar Application Provide the following details for B.Incube AAKAR 2021 Program application:

Name and Email
Contact Number and Date of Birth
Name of the Start-up
Details of Idea/product/service
Details of Company Registration
Startup Website URL
DPIIT registration number
Start-up/business/ idea Details
Stage of Startup
The legal status of the Company

After providing the details attach the Presentation/Pitch deck and click on the submit button. Shortlisted applicants will be called for a "Pitch Session" to pitch about the startups. Final results will be announced on 10th November 2021 and Interested startups can apply for the "Cohort-2021" Incubation Program from 5th October 2021.