[vc_row][vc_column][vc_column_text]
- MediTech CoE shall support and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.
[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1590125440422{margin-top: 30px !important;}” el_id=”category_detail”][vc_column][vc_column_text]
MEDITECH CoE CATEGORIES YOUR START-UP SHOULD FALL UNDER TO QUALIFY FOR INCUBATION
[/vc_column_text][vc_separator][/vc_column][/vc_row][vc_row el_id=”who_can_apply”][vc_column_text]
WHO CAN APPLY
[/vc_column_text][vc_column_text]
Company Type
The start-up must be incorporated as a
- Private Limited Company (as defined in the Companies Act, 2013) or
- Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
- Limited Liability Partnership (under the Liability Partnership Act 2008)
The date of registration/incorporation must not be beyond 10 years.
[/vc_column_text][vc_column_text]
Annual Turnover
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.[/vc_column_text][vc_column_text]
Original Entity
The entity should not have been formed by splitting up or reconstructing an already existing business.[/vc_column_text][vc_column_text]
Innovative & Scalable
Entity working towards innovation, development, or improvement of products, processes, or services or if it is a scalable business model with high potential of employment generation or wealth creation.[/vc_column_text][vc_column_text]
Terms & Conditions-
- Start-ups have to operate from the MediTech CoE Incubation facility at STPI Lucknow CoE at SGPGI.
- Each start-up will be offered a minimum of 5 seats.
- Each start-up has to offer equity of up to 5% to STPI as per the present valuation.
- The start-up has to pay Rs. 6,000/- + tax per seat per month for availing all of the above-mentioned facilities. The incubates under product development and R&D shall be offered a rent discount of 40% in 1st year, 25% in 2nd year & 15% in 3rd year as per the STPI Incubation Policy.
[/vc_column_text][/vc_row]