The duration of license to operate in the incubator program shall be for a term of 11 months. An extension of one more term of 11months shall be considered on a case-by-case basis based on the recommendation of the expert committee. These entrepreneurs shall move out of incubator at the end of the license period whether they have graduated or not.
The venture shall graduate from the incubation programme when any one of the following conditions is fulfilled.
The revenue stream of the company is adequate for self-sustenance.
The entrepreneurs have been able to tie up investors to finance the expansion plans of the venture and the incubator support is no longer necessary.
The entrepreneurs have sold the venture to a larger company.
Expiry of the period specified in the license agreement.
If any of the above events takes place the venture will be treated as graduated from incubation programme and the membership in the incubator will be discontinued