Incubator Policies & Procedures

  • The goal of SIDBI Innovation and Incubation Center (SIIC) at IIT Kanpur is to promote technology based entrepreneurship and thereby facilitate practical application of knowledge for public use.
  • SIIC, IITK wishes to facilitate the creation of ideas and inventions that benefit society. To this end, SIIC, IITK has adopted this Incubation Policy to provide guidance and management structure to facilitate the development of entrepreneurship.
  • The scope of this document is to define the policies and procedures for the operational matters related to the SIDBI Innovation and Incubation Center, IIT Kanpur. It covers the following processes: 
  1. Eligibility
  2. Admission procedure
  3. Infrastructure and Services provided to incubate
  4. Mandatory Mentorship          
  5. Period of Incubation/ Exit
  6. Intellectual Property Evaluation
  7. Seed Funding
  8. Periodic Assessment
  9. Consideration
  10. Conflicts of interest
  11. Disclaimer
  12. Agreements
  13. Special provision for Pharma& Biotech companies

The policy is subject to periodical review and amendments. It will be the responsibility of the companies admitted to SIIC to update themselves from time to time on amendments in the Incubation policy and procedures.

IIT Kanpur reserves the rights to make an exception of all or any of the terms of the policy for a particular company or a promoter on a case to case basis.

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