The selection of entrepreneurs for membership in TBI will be based on the recommendation of an expert committee specifically set up for the purpose. The criteria for acceptance are the following:
The business activity proposed is in the advanced technology area. The company must meet the definition of a "technology-based company" (An organization which pursues commercial applications of science/technology-based innovations; employs a high percentage of technicians, engineers or scientists; or requires extensive R&D to produce new products or services).
The venture proposed is a corporation, partnership or sole proprietorship.
Demonstrate a need for incubator services.
Demonstrate capability for business viability and growth.
The business plan submitted by the entrepreneur is sound.
In the absence of a proper business plan, the request for membership will be accepted provisionally if business proposal looks promising prima-facie to the expert committee.
The entrepreneur will submit a proper business plan to TBI, which will be reviewed by the expert committee before final acceptance.
The business proposed should have significant technology content / employment potential / revenue generation potential / export earning potential.
The entrepreneurs may or may not have a track record in undertaking entrepreneurial ventures.
A first time entrepreneur should have the requisite aptitude in promoting the venture. The expert committee will assess this through personal interview, review of past activities, background check, references etc.