Administration and Secretarial Facilities

AIC-MIT ADT Incubator Forum, Pune is an Incubation Centre facilitates incubation of new venture with innovative technologies in various branches of science, engineering, arts, agri-tech, technology, social Innovation (like health, education) etc by admitting them and providing them physical, technical, financial and networking supports and facilities, and thus promoting innovation and entrepreneurship.

Any start-up as an applicant can apply to AIC-MIT ADT Incubator Forum by submitting an application form (on Apply Now) and will be called to present their application on a jury day for selection as an Incubatee at AIC-MIT ADT Incubator Forum.

On the admission, the Incubatee has been provided with the ‘Incubator Facilities and Support services’ as per Annexure 1.

Annexure 1: Incubator Facilities and Support Services

Category	Service offering
Mentoring/Advisory	Incubatees will receive monthly up to 10 hours of mentoring/advisory services free of cost. (Value: Rs 5,000 per month) • Below areas would be covered: o Design Thinking o Technology fitment o Fund raising o Business planning o Strategy & company management o Financial planning & management o IP & technology commercialization
Infrastructural support	Co-working space, Meeting Room, Board Room, Training Room, Pantry, Internet etc (Value: Rs. 2500 per month)
Grant-in-aid	For PoC and Prototype (value: Rs. 50,000 per year)
Maker Space/Fabrication Lab	Design, PoC, Prototyping, Testing facilities (Value: Rs. 25,000 per year)
Interns’ Support from various schools of MIT ADT University	Incubatees can get support from the Interns from various schools of MIT ADT University. (Value: Rs. 5,000 per month/ Intern)
Library and Information services	Institutional Membership of AIC Library Lounge (Value: Rs. 10,000 per year)
IP/Legal/Grants management services	As per the actual (Value: ~ Rs. 50,000 per year)
Visibility and Branding	Permission to use the logo (Associate Incubatee – AIC-MITADT). Listing on AIC’s website (www.aic.mituniversity.edu.in ) as an Associate Incubatee
Website and App development	Discounted services for Associate incubates
Digital Marketing	From MIT ADT University central media team (as per actuals)
Transport	MIT ADT Buses (as per actuals)
Hostel/Guest House	MIT ADT University Hostel and Guest House department (as per actuals)
Canteen Facility	MIT ADT University canteens and shops (pay per use basis)

The Incubator, against the Incubation Facilities rendered to the Incubatee, shall have a right to acquire 2% (two) equity shares in the share capital of the Incubatee.