Incubatee to submit monthly progress report and detailed quarterly report. A monitoring & review committee comprising of faculty, alumni, entrepreneurs and investors reviews the progress every quarter and advices on the way forward.
The INSPIRE facilities (except the outsourced support services) are provided to the incubatees at no charge. The support services will have to be availed by the incubatees, at their discretion, on paid basis from the service providers.
INSPIRE will take a small percentage of equity as a consideration for the incubation support