General Criteria for issuing the LOR is that it should be a Private Limited Company (including a One Person Company) or Registered Partnership Firm or Limited Liability Partnership and should further satisfy the following criteria:
Should not be more than 5 years from the date of its incorporation/ registration, and
If its turnover for any of the financial years has not exceeded INR 25 crore, and
It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
Submit the Business Summary outlining your business idea or product in the format prescribed in guidelines for entry. Business Summary duly completed along with fully filled application form must be submitted and/or mailed to the co-ordinator of TIIC. Participants who are unable to post the entries online can send the entries by post to address specified in Contact Us section. Participants are advised to however make every effort to post entries online to ensure speedy receipt and evaluation of their business idea.
Till now, TIIC has issued total four LOR to his incubatee companies: