Roles & Responsibilities of Incubators: Private Partner in a PPP incubator will be responsible for creating a self-sustaining business model needed for the execution of the Incubator after the support period given to incubated start-ups which is maximum of 3 years in case of service startups and 5 years in case of product startups from the date of their entry into the incubator.
Establishment of New and Scaling up of Existing Incubators: Technology Incubators would be encouraged to expand to more niche themes including Internet of Things (IoT), 3D printing, ‘IT for X’ in the areas of Pharma, oil & gas, urban management, Social Media, Mobility, Analytics and Cloud Computing (SMAC), Fabless Semiconductors and Electronics, Animation & Gaming, Digital Media Entertainment, Visual Effects, Printed & Organic Electronics.
Startup – Bootup – Scaleup Model: T-TBI will work with Industry Associations for Software Product Industry to be recognized as a new Industry with NIC (National Industrial Classification) Code and create a viable tax structure and mechanism to avoid double taxation of software products under Service Tax and Sales. T-TBI will liaison with Central Government and other agencies at national level like SEBI / RBI, etc to create optimal policies for crowd funding platforms. Conduct open innovation process to select startups to develop applications for public needs so as to encourage start-ups to have a feel of the e-governance market.
Startup Role Models Programme: Top 50 startups operating out of incubators in Kerala would be identified through a selection process and be given a platform to meet and interact with mentors, funding support, product development, marketing and launch support to accelerate the number of success stories to create role models. This programme would be annual in nature.
This Policy is valid for a period of 5 years from the date of its notification or till a new policy is formulated. The policy shall be implemented under the guidance of Kerala State Innovation Council (KSInC) and the Board of Governors of T-TBI.
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