There are three main categories of clients to the Centre. These are:
Sponsored Clients
Clients located within the Centre and receive funding and other forms of support from the incubator.
Non-Sponsored Clients
Clients who are licensed to use incubator facilities but who do not receive direct funding from the incubator.
Virtual Clients
Clients who are licensed to avail themselves to business support services of the incubator but who are lot physically located within the incubator.
FUNDING FOR CLIENTS
The Centre provides guidance to financial and venture capital sources. These include the following:
• Major Banking Institutions
• Micro Small and Medium Enterprises Support Scheme and the Ministry of Trade
• Venture Capital Fund
• Information Technology Enabled Services Secretariat (ITES) of the MoC
MODE OF ENTRY
Application forms picked from the Centre and duly completed should be submitted along with the following documents to the Centre.
• Business Concept Paper
• Business Plan
• Company Registration Documents
• Bank Documents
Selection of Clients is based on the following eligibility criteria.
• ICT based solution
• Innovativeness of concept
• Start-up must have been in operation for less than one year prior to application
Once an application is deemed eligible, it is then forwarded for assessment by the selection team.
MODE OF EXIT
A client can benefit from the facilities and services offered by the Centre for a maximum period of three years.
Once a concept is completely developed and the product/service commercialized, the client is ready for graduation. This however does not cut the client totally from the incubator.
There is constant and structured monitoring of the client’s progress to ensure that they survive. Clients also have an obligation to continually support activities of the incubator to help sustain the initiative.