Incentives for Incubators
Support for recurring expenses
Govt. Incubators shall get the support for recurring expenses as Operational Subsidy assistance up to the limit of INR 1 lakh per year for a period of 3 years.2
Startup Competition Assistance
To encourage entrepreneurship culture in colleges, Eligible Institutes of National Importance, State Universities & Central Universities based in Haryana, established Incubators in these institution’s premises shall be supported by State Government to organize such startup competition fest annually in which State shall provide assistance up to the limit of INR 5 lakh per event.3
Mentor and Training
In order to provide mentoring for priority issues such as fundraising, scaling, recruitment and product interface, Incubators shall be provided Mentoring Assistance support up to a limit of INR 3 lakh per year.
The Incubator should be operational for a period of 6 months and should have filled minimum 25% of the total seat capacity (not more than 4 seats per startup) at least for a period of 3 months and submit the detailed performance report (month wise) for last 6 months as per the Annexure V under this Scheme.4
Exemption on Rental Charge
Incubators operational in Haryana and registered with Startup Haryana would be given 50% exemption on lease rent and operation & maintenance charge for Govt. owned building for 3 years, up to a maximum of INR 5 lakh per annum per incubator.
Government Host Institutes shall be provided Capital Grant of 50% of Capital Investment (excluding land cost) for setting up Incubator, subject to maximum INR 1 Cr.
Private Host Institutes shall be provided capital grant of 50% of Capital Investment (excluding land cost) for setting up Incubator, subject to maximum INR 50 lakh.
Assistance for participating in Fair Exhibition
The Industry Association/Incubators leading a delegation of startups to National and International Fair/Exhibition or for organizing such fair/exhibition/seminars should be provided financial assistance up to INR 25 Lakh or as actual basis. At most 12 such events would be supported by the State government annually.7
Stamp Duty Registration Reimbursement
Incubators shall be provided 100% Stamp duty registration reimbursement on purchase/lease of land/Office space/IT Building after commencement of operations within 2 years from the date of Stamp Duty registration and in operation for 3 years.