Incubation Officer

Incubation: Lead formation of new business and provide incubation facilities to enable commercialization of the business: To induct new entrepreneurs; create Incubation plans and implement them, assist in writing business plans, keep track of the Incubation process; help the incubates prepare proposals for getting.

Incubators focus on early-stage startups that do not have a business model in place. They help nurture a startup by developing its strong idea into a viable product and are commonly referred to as a school for startups. Incubators typically work on a fee-basis as opposed to taking an equity stake in the startup.

Mission statement of business incubation program

Contribute to the growth and success of emerging technology businesses. Assessment of a company's risk profile. Transfer of knowledge & better leverage intellectual property from the University and area research institutes.

The sole purpose of a startup incubator is to help entrepreneurs grow their business. Startup incubators are usually non-profit organizations, which are usually run by both public and private entities.