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1.Q: What is the role of a business incubator (BI)?
![]() A: A business incubator is different from technology/industrial parks. Business incubators are here to help early stage start-ups to convert their business ideas into commercially successful business ventures. BIs provide start-ups with office space, facilities, IT infrastructure and assistance in getting funding. The most important benefit a start-up gets from a BI is the business mentoring and networking. Besides this, your start-up company will be eligible for all the tax benefits a permitted in a SEZ (Special Economic Zone). 2.Q: What are the areas of businesses which gets support from Amrita TBI? A: Amrita TBI supports business ideas in the following sectors - IT Product/Services and Electronics & Embedded Systems. 3.Q: Okay. I have a business idea what I should do next? A: It also helps us clearly understand what your plan is. 4.Q: What are the procedures to start my company at Amrita TBI? A: Once your business model is agreed upon by Amrita TBI Business Plan Review Committee, agreement, incubatee documents will be signed. Then you can apply for an office space, facilities and other requirements. Once the facility gets ready, you can move in. 5.Q: I am located outside India. Can I still start operations at Amrita TBI? A: Yes, you can. You need to register the incubating firm under Amrita TBI, in India. If there are any patents to be applied for, you should do that in India also. 6.Q: I would like to recruit students of Amrita University for my company. Is it possible? A: Yes you can. It is one of the unique advantages you will get as an incubating company under Amrita TBI. Through Amrita University's Center for Corporate and International Relations (CIR) you can access the best pool of talented students across different campuses. 7.Q: What should I prepare before approaching Amrita TBI with my business plan? A: Please refer FAQ:3. We would be happy to sit and talk to you over your business plan. 8.Q: Should I get my company registered before coming to Amrita TBI? A: No. It is not necessary. The first priority is to get yourself clear on your business idea. 9.Q: How long my company can operate from Amrita TBI? A: Whichever criteria meets the earliest, it will be considered as the end of your tenure at Amrita TBI.Your start-up company will considered as graduating from Amrita TBI either by finishing 3 years of operations or employing more than 25 associates, whichever is the earliest. |
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© Amrita Technology Business Incubator 2010 |