Ch 4 Support Agencies and Incubators

1 List State Level Support Agencies for New Enterprises.

 DIC-Department of Industries & Commerce

 DIC-District Industries Center 
 SIDC-States industrial Development Corporation
 GSFC-Gujarat State Financial Corporation
 GIIC- Gujarat Industrial Investment Corporation Limited. 
 GSIC-Gujarat Small Industries Corporation
 GIDC- Gujarat Industrial Development  Corporation Commercial Banks

2. Promotional Schemes for New Enterprises in India

Promotional schemes are government initiatives designed to encourage the establishment and growth of new
enterprises in India. Here are some common schemes:

List of Promotional Schemes

1. Assistance to Training Institutes: Provides financial support to training institutes to enhance the skills of
entrepreneurs and employees.

2. Marketing Assistance: Offers subsidies or grants to help new enterprises promote their products and
services.

3. International Cooperation Scheme: Facilitates collaboration between Indian and foreign enterprises,
promoting technology transfer and market access.

4. Credit Guarantee: Provides guarantees to financial institutions to encourage them to lend to new
enterprises.

5. Credit Linked Capital Subsidy: Offers subsidies to new enterprises that borrow funds from financial
institutions for capital investment.

Credit Linked Capital Subsidy and Technology Upgradation Scheme (CLCS-TUS)

 Objective: To promote competitiveness among Micro, Small, and Medium Enterprises (MSMEs) through
technology upgradation and waste reduction.

 Key features:

o Lean Manufacturing: Supports the adoption of lean manufacturing practices to reduce waste and
improve efficiency.

o Design Improvement: Provides assistance for improving product design and aesthetics.

o Intellectual Property Rights (IPR): Raises awareness about IPR and facilitates its protection.

o Zero Defect Zero Effect (ZED): Promotes the concept of manufacturing products with zero defects
and minimal environmental impact.

o Digital Empowerment: Encourages the adoption of digital technologies to improve business

processes.

 MSME Champions Scheme: A unified scheme that merges various components of the TUS to provide a
holistic approach to supporting MSMEs.

o Focus: Modernizing processes, reducing wastage, enhancing competitiveness, and facilitating

national and global reach.

International Cooperation Scheme

  Objective: To facilitate the participation of MSMEs in international markets and promote technology transfer.

 Key features:

o Financial Assistance: Provides reimbursement for participation in international exhibitions, trade

fairs, and buyer-seller meets.

o International Conferences: Supports the organization of international conferences, seminars, and

workshops in India.

o Technology Infusion: Promotes technology transfer and collaboration with foreign partners.

o Business Opportunities: Helps MSMEs explore new markets and opportunities.

3. Define Start-up Incubation and explain Types of Incubators.

Startup incubation is a process of supporting and nurturing early-stage businesses to help them grow and
succeed. Incubators provide a range of resources and services to help startups overcome common challenges and
achieve their goals.

Types of Incubators

1. Social Incubators: Focus on addressing social and environmental issues through innovative business
solutions.

2. Academic and Scientific Incubators: Associated with universities and research institutions, providing
scientific and technical support.

3. Virtual Business Incubators: Operate online, offering advice and resources to startups located remotely.

4. Corporate Incubators: Established by corporations to foster innovation and identify potential acquisitions.

5. Medical Incubators: Specialized in supporting healthcare startups and addressing challenges related to
product development and regulatory approval.

6. Seed Accelerators: Provide intensive, short-term support to a select group of startups.

7. Kitchen Incubators: Cater specifically to food startups, offering shared kitchen space, equipment, and
business advice.

8. Local Economic Development Incubators: Focus on promoting economic growth and job creation in a
specific region.

Each type of incubator offers unique benefits and resources tailored to the specific needs of startups.
4. What are the services provided by Start-up Incubators?
Services Provided by Start-up Incubators:

1. Help with Business Basics: Guidance on foundational aspects like business registration, legal requirements,
and basic operations.

2. Networking Activities: Opportunities to connect with potential investors, mentors, and industry peers.

3. Marketing Assistance: Support in developing marketing strategies, branding, and promotional activities.

4. Market Research: Providing insights and data analysis to help startups understand their target markets.

5. High-speed Internet Access: Offering fast and reliable internet for seamless business operations.

6. Help with Accounting/Financial Management: Assistance with bookkeeping, financial planning, and
managing cash flow.
 7. Access to Bank Loans, Loan Funds, and Guarantee Programs: Guidance on obtaining financial resources
through loans and other funding options.

8. Help with Presentation Skills: Coaching to improve pitch presentations and public speaking for investors and
stakeholders.

5 List Prominent Incubators in India.

Government-Supported Incubators

 Amity Innovation Incubators: A network of incubators affiliated with Amity University, providing mentorship,
funding, and infrastructure.

 Indavest: An incubator established by the Indian Investment Centre, offering business development support,
funding, and networking opportunities.

 NSRCEL-IIMB: The National Science Resource Centre for Entrepreneurship and Leadership, affiliated with the
Indian Institute of Management Bangalore, providing incubation and acceleration services.

 i-Hub: A technology innovation hub supported by the government, focusing on emerging technologies and
startups.

 Startup Village: A technology startup incubator located in Kerala, providing a vibrant ecosystem for
entrepreneurs.

Private and Academic Incubators

 CIIE IIMA Centre for Innovation Incubation & Entrepreneurship: A leading business incubator affiliated with
the Indian Institute of Management Ahmedabad, offering mentorship, funding, and infrastructure.

 iCreate-The International Centre for Entrepreneurship & Technology: An incubator focused on technology
startups, providing mentorship, funding, and market access.

 Khosla Lab: A technology incubator founded by Vinod Khosla, focusing on early-stage technology startups.

 SINE: The Society for Innovation and Entrepreneurship, affiliated with the Indian Institute of Technology
Bombay, providing incubation and acceleration services.

 Technopark-TBI: A technology business incubator located in Technopark, Kerala, offering infrastructure,

mentorship, and funding support.

6. Write a short note on Investor Pitch.

An investor pitch is a concise presentation designed to captivate potential investors and spark their
interest in your business idea. It should be a compelling summary of your business plan, highlighting
its potential for success.
Key Elements of an Investor Pitch
 Elevator Pitch: A brief, engaging introduction to your business idea that can be delivered in the time
it takes to ride an elevator.
 Customer Understanding: Clearly articulate your target market, their needs, and how your product
or service addresses them.
 Tailored Pitch: Customize your pitch to the specific interests and preferences of your target
investors.
 Pitch Deck: A visually appealing presentation with slides that effectively convey your business idea.
 Storytelling: Use storytelling techniques to create a compelling narrative and connect with your
audience.
 Product Demonstration: If possible, provide a demonstration of your product or service to
showcase its value.
 Target Market Analysis: Clearly define your target market and its size and potential.
 Business Model: Explain your business model, including revenue streams, cost structure, and
competitive advantage.
 Competitive Advantage: Highlight your unique selling points and how you differentiate yourself
from competitors.
 Traction and Success: Showcase any early successes, customer testimonials, or positive traction.
 Financial Projections: Present your financial goals, including revenue projections, profitability, and
funding requirements.
 Team Introduction: Introduce your team members and their relevant experience and skills.
 Funding Requirements: Clearly state the amount of funding you are seeking and how it will be
used.
 Follow-Up: Maintain communication with potential investors after the pitch.
 Feedback and Refinement: Seek feedback, refine your pitch, and practice delivering it effectively.

7. What is Trademark and what are the Benefits of trademark registration ?

A trademark is a distinctive sign, symbol, logo, word, or sound that identifies a product or service and
distinguishes it from others in the marketplace. It acts as a unique identifier that helps consumers recognize
and differentiate between brands.
Benefits of Trademark Registration
1. Protection of Intellectual Property: Trademark registration grants exclusive rights to the owner,
preventing others from using the same or similar marks without permission.
2. Brand Recognition and Goodwill: A registered trademark helps build brand awareness and establishes a
reputation for quality and reliability.
3. Marketing and Advertising: Trademarks can be used effectively in marketing and advertising campaigns
to promote products and services.
4. Competitive Advantage: A strong trademark can provide a significant competitive advantage by
distinguishing your products or services from those of competitors.
5. Licensing Opportunities: Registered trademarks can be licensed to other businesses, generating
additional revenue.
6. Protection Against Counterfeiting: Trademark registration can help prevent counterfeiting and protect
your brand from unauthorized use.
7. Legal Remedies: In case of infringement, trademark owners can seek legal remedies, including
injunctions, damages, and seizure of counterfeit goods.
8. Enhanced Business Value: A registered trademark can increase the perceived value of your business and
assets.
9. Long-Term Protection: Trademark registration provides protection for up to 10 years, with the option for
renewal.

8. Explain Intellectual Property Rights (IPR) and Contracts.

IPR refers to the legal rights granted to inventors or creators to protect their inventions or creations for a
specific period. These rights allow the owner to benefit from their intellectual property.
Types of IPR
1. Industrial Property:
o Patent: Protects inventions and processes.
o Trademark: Protects signs, symbols, logos, words, or sounds that distinguish products or
services.
o Industrial Design: Protects the ornamental appearance of products.
o Logo: A distinctive symbol or design used to represent a brand or company.
2. Copyright: Protects literary, artistic, and musical works.
Benefits of IPR
 Enhanced Market Value: Increases the value of your intellectual property.
 Profit Generation: Turns ideas into profitable assets.
 Marketing and Branding: Helps promote products and services.
 Capital Access: Facilitates fundraising and investment.
 Export Opportunities: Enhances international market presence.
Contracts and IPR
A contract is a legally binding agreement between parties to transfer or license IPR. It outlines the terms
and conditions under which the intellectual property will be used or transferred.
Key Clauses in IPR Contracts
 Offer and Acceptance: The innovator offers to transfer or license the IPR, and the other party accepts the
offer.
 Written Agreement: The contract must be in writing to be enforceable.
 Financial Benefits: The innovator should receive appropriate compensation for the transfer or license.
 Capacity: The parties must have the legal capacity to enter into the contract (not minors or mentally
incapacitated).
 Free of Fraud: The contract must be free from fraud or misrepresentation.
 Compliance with Laws: The contract must comply with applicable laws and regulations.
 Time Period: The duration of the contract should be clearly defined.
 Termination Rights: The innovator may have the right to terminate the contract under certain conditions.