The standard incubation period at the IIMCIP is 24 months.
The IIMCIP facilities (except the outsourced support services) are provided to the incubatees at no charge. The support services will have to be availed by the incubatees, at their discretion, on paid basis from the service providers.
IIMCIP will take up to 5% of equity as a consideration for the incubation support
IIMCIP is looking for early-stage start-ups with innovative ideas having a prototype or proof of concept which can become fundable or self sustainable in 18 – 24 months time.
There is a special interest in ventures offering technology enabled solutions with a social impact. Healthcare, Education, Clean Energy, Analytics, Lifestyle, IOT are the preferred domains.