Annual registration fee
The incubatee shall pay an amount of Rs.5000/- (Rupees Five Thousand only) to TBI towards the annual registration fee to be paid at the time of execution of agreement and subsequently within fifteen days of the beginning of each year counted from the date of agreement and shall continue to maintain their registration as long as they are permitted by the Governing Body of TBI to have association with TBI as incubatee
Security deposit
Before commencement of the incubation period, the incubatee has to pay to TBI, a refundable security deposit of Rs. 5000 ((Rupees Five Thousand only) to TBI. Half of this amount would be paid back to the incubatee after completion of six months of the incubation period. The other half would be returned at the time of exit from the incubator – provided the incubatee has a normal exit.
Normal Exit-
- The predetermined time of incubation ends. According to this criterion, a normal exit can occur at the end of twelve, eighteen or twenty-four months from the date of commencement of the incubation period.
- Either the incubatee or TBI decides to end the period of incubation. For both situations, the party initiating the termination would provide the other with a month’s advance notice.
Rent
Infrastructure facility charges during incubation period.
| Area |
| Small room |
Including shared space = 150 sq. ft. |
| Large room |
Including shared space = 300 sq. ft. |
| Total monthly rent for office (AC usage is excluded from monthly rental calculation) |
| Small room (floor area + furniture + electricity + computer rent) |
Rs. 1,500 per month |
| Large room (floor area + furniture + electricity + computer rent) |
Rs. 2,000 per month |