Institute of Management, Nirma University - Logo

Nirma University Incubation Centre

Nirma University Incubation Centre

Vision:

Nirma University Incubation Centre creates a much-needed innovation, preincubation and incubation ecosystem  for students, adding to the start-up ecosystem of India and creating a strong innovation-driven culture in the University system. The existing massive pool of faculty members, researchers and research ecosystem, and common facilities are avenues for new ideas to get nourished in university system itself, and then these young innovators get entrepreneurial support at the incubator in order to become a full-fledged start-up.

Process:

The incubation process layers are summarized in the following table:

No.  Phase Ecosystem Layer Key Interventions
I Pre-Incubation Exposure /
Culture-building
  • Outreach to students
  • Literacy program in innovation/IPR
  • Engaging various stakeholders
  • Changing mind set
  • Conducive and creative environment
II Ideas / Innovation
  • Design thinking, Ideation, Problem-solving skills
  • Pedagogic, Academic & Skill programs
  • Projects – Proof of concepts (PoC) – minimum viable prototypes (MVP)
  • Common infrastructure and resources
  • Business Model and Ecosystem Building
  • IP creation and protection, Pre Seed support
  • Validation through early users
  • Motivation /awards/citation/recognition
III Incubation Start-up
  • Business model canvass development & Mentorship
  • Market access, Industry linkages
  • Post seed support
  • Funding for full-fledged product realisation
  • Customer validation
  • Legal and strategic support
IV Scale-up
  • Support in Growth stage, Regulation & public policy
  • Venture capital and private equity
  • Ease of running a business
  • Facilitating exit
  • Expansion and globalisation

 

Funding Schemes

 Two levels of funding are available:

Pre-incubation Support:

Financial assistance upto Rs 2.5 Lacs provided under the SSIP policy of Government of Gujarat and Nirma University fund for pre-incubation support to turn the idea into a working prototype model and prove the concept.

To apply for pre-incubation funding, submit the following Google form: https://forms.gle/BnkTULqj1s1wP1Xf6

Incubation Support:

Nirma University Incubation centre, is one of the Nodal Institutes for the Startup Scheme of the Government of Gujarat under their scheme of Assistance to Startup and Innovation, and the following funding is available to a startup company:

  • Seed Support: Up to INR 30 Lakh
  • Additional Grant: Up to INR 10 Lakh
  • Sustenance Allowance: Up to INR 20,000 per month
  • Soft Skill Assistance: Up to INR 1 Lakh per
  • Assistance to Participate in Accelerator: Up to INR 3 Lakh
  • Additional interest subsidy

Eligibility Criteria to Apply:: Any individual/group of individuals registered as a Limited Liability Partnership firm/ Partnership firm/ Private Limited Company in Gujarat.

How to Apply:

To apply for Incubation funding, submit the following Google form:

https://forms.gle/qsJCmGFz7rAnSEQV9

Selection process –

Initial scrutiny of the application will be done by an internal review committee based on the startup sector, market potential, and scalability of the business. Selected applicants will be asked to submit a detailed application to be submitted to the SLEC committee of the Office of Industries Commissionrate for their final selection. The selected candidates will be inducted into the programme for further grooming to help them scale business and develop market.

Co-working space

  • Mentoring support 
  • Funding support for prototyping and testing 
  • IP support for trademark and patent licencing 
  • Networking
  • Training Programme