An incubator aims at initiating the Startup India ecosystem by providing funds to the entity .The Action Plan of Startup India recognizes it as a vital component for growth and development of Startup India. It includes participation of academia, investors, existing entities, business tycoons, industries etc.
An incubator must have the following criteria to meet the eligibility to produce a recommendation or a support:
- An incubator that is established in a a post-graduate college in India are eligible to give recommendation to an entity
- An incubator that are funded by Government of India or any State Government as part of any specified scheme to promote innovation are recognized under Startup Schemes to provide support or recommendation letter to an entity.
- An entity must be recognized under GOI and DIPP on application.