Incentivization

The Incubator Applying for Incentive shall be a StartinUP recognized Incubator
Capital and operational expenses can be claimed by applicants applying to get recognized as an incubator under the policy.
Performance review and quarterly assessment of incubators shall be done by the UP Startup Mission Directorate based on the KPIs/target compliance report along with the necessary supporting documents submitted by the recognized incubator.
Necessary action shall be taken in cases of non-performance by incubators, i.e. non-compliance to mandatory 70% KPI Target achievement and at least 80% grant utilization for a period of 2 Years tenures.
Other terms and conditions will be decided by the PIU through separate guidelines issued for the incentivization to the incubators under the policy.
The Incubator applicants shall register on StartinUP Portal and will be the PIU recognized and approved for grant under the policy by the PIU.