STARTUPINDIA INTRODUCTION

GUIDELINES

Who can Apply for recommendation from the Incubator?

Any entity with the specifications of a Startup can apply for a recommendation According to the government of India, an entity shall be considered as a Startup:
  1. Up to five years from the date of its incorporation or registration,
  2. If its turnover has not exceeded Rupees 25 crore for any of the financial years, and
  3. If it is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
Any entity formed by splitting up or reconstruction of a business already in existence shall not be considered a startup.

ELIGIBILITY CRITERIA FOR RECOMMENDATION

The following are the eligibility guidelines for any startup desirous of getting a certificate of recommendation from Amity Innovation Incubator:-
  1. Organizations between 0-3 years of operations.
  2. Organizations/Startups with innovative technology or product solutions which are scalable.
  3. Organizations creating / developing innovative new products within the current industry to bring better efficiencies or cost savings.
  4. Organizations / Startups operating in the services sector which are not backed by technology or novel execution shall not be taken up for recommendation
For more information, please visit www.startupindia.gov.in

Phases of Certification for the Recommendation from Incubator:
  1. A startup desirous to get a recommendation has to fill up a questionnaire and attach a presentation according to the prescribed format.
  2. In case, a startup is found eligible in phase 1, a list of documents has to be submitted to the incubator for phase 2.
Required Documents for the Phase 2:

The following documents are required to be submitted after getting the confirmation of approval of the first phase of your application-
  1. Copy of Incorporation certificate issued by ROC or registered partnership deed as applicable
  2. A self attested copy of audited account statements from the date of inception.
  3. A self attested copy of Income tax returns filed from the date of inception.
  4. An Undertaking duly signed by Founder(s) / Promoter(s) of the Startup on a letter head.
Click here to download a copy of the sample undertaking.

NOTE- A startup found to be eligible in both the phase 1 as well as the phase 2 will be given the certificate of recommendation. Fulfilling the criteria for only one phase will not be sufficient.

PROCESS OF RECOMMENDATION
  1. Organizations/ startups can apply online through :www.amity/edu/aii/startupindia
  2. Shortlisted organizations / startups shall receive e-mail from Amity Innovation Incubator for personal interview and verification of documents (within 1-2 weeks)
  3. Upon successful completion of the interview and closure of the documentation, startup shall be issued digital UIN along with the recommendation letter.
  4. 3rd parties may check for the authenticity of the recommendation by validating the UIN through the following link: www.amity.edu/aii/startupindia-validate
PRICING

There is no processing fee levied by Amity Innovation Incubator.

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