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Creation of Business Enterprise out of Innovative Ideas

Creation of Business Enterprise out of Innovative Ideas

A one time grant of Rs 1.00 crore will be provided to the eligible incubator as Seed Capital. The Incubator will invest as Debt/ Equity funding upto 50% of total project cost or INR 20 Lakh per start up whichever is less for setting up of the start-ups to the incubatee for commercialization of the innovative and successful ideas. The returns will be ploughed back to the Seed Capital Revolving Fund. 150 such innovative and successful ideas to be supported for business enterprise creation after successful incubation [Rs. 20 lakh x 150 start-ups = Rs.30 Crores];

Accelerator Programme for Incubates – Rs.2 Crores

For creation of successful business enterprises in the domain of agriculture and rural industrialization, the available accelerators would be providing one stop holistic support to the incubates to make them leapfrog to the next level by conducting regular workshops, mentoring support under this sub component. Rs. 2 Crores for Accelerators to hold 10 workshops for incubates [10 workshops x 20 lakh per workshop = Rs. 2 Crores];

Livelihood BusinessIncubation (LBI) – Rs.62.50 Crores

The main objective of this component of the Scheme is to set up business incubators to incubate, impart entrepreneurship, skill development training to youth, mentoring and hand holding with facilitation for funding with a view to empower them to set up own business enterprises. The prime focus of these incubators is to create jobs at local level and reduce un-employment by creating a favourable ecosystem for entrepreneurial development in the country. The main focus area under the livelihood incubation is to take up those commercial activities which are already established to create enterprises on a large scale. 80 Livelihood Business incubators are planned with an investment of Rs.1 crore per incubator in case of Government owned Incubation Center. In case of a incubation center having Public-Private Partnership Model, Rs.50 lakh investment per incubation center is envisaged.

Creation of Business Enterprise out of Innovative Ideas

Procedure of Demerger and Checklist For Demerger

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