IIITs incubation plan
Finally they released the the “base model for promoting incubation activities at IIIT” after 2 weeks of delay (probably planning). A really tempting one. It reads like -
First, you need to submit a business plan. You can discuss the business plan with us or other institute members. This business plan will be evaluated by a committee and based on the recommendation of the committee the business proposal will be selected for incubation.The role of IIIT is to promote incubation by providing infrastructure and mentoring.
IIIT will provide you with a space of approximately 100 square feet and two machines for an incubated unit. For this space, IIIT will charge Rs. 5,000/- per month, and IIIT will hold 5% (five percent) share of the company. The incubated unit can use the remaining 95% (ninety five percent) to raise additional money.
But I failed to understand the thoughts put behind this model. Maybe coz I was expecting something else. something like incubation 
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