• FAQS

Things founders actually ask us.

Pulled from the inbox. If your question isn't here, write to us. We read every email.

How is AIC NSUT funded, and what does it cost a startup?

AIC NSUT runs on a ₹10 Cr grant from AIM, NITI Aayog, so there is no application fee and no upfront charge to get started. Track 1 (Incubation) is equity-linked, with terms set out in the incubation agreement. Track 2 (Capital and facilities) is pay-as-you-use for facilities at our rate card, plus a success fee only on capital we help you raise.

Do I have to be from NSUT to apply?

No. Applications are open to any startup, and our Selection Committee picks the ones we can genuinely help. NSUT alumni founders get a 50% concession on workspace.

What stage of startup are you looking for?

For Track 1, you need an MVP or a working prototype. You do not need a registered company yet; we can help you incorporate. For Track 2, you should be ready to raise, or need specific facilities to get to the next stage. We lean towards AI, drones, SaaS, IoT, consumer tech and AI-led fintech, but a strong team in another sector is still worth a conversation.

Do you take equity?

Track 1 is equity-linked, and the exact terms are in the incubation agreement you sign with us. Track 2 does not take equity for facilities. For fundraising support, the success fee on capital raised can be paid in cash or in equity.

What do I get under Track 1?

Support worth up to ₹10 lakh: compliance and statutory filings, IP and legal work, design and go-to-market material, workspace seats, metered GPU compute and cloud credits, a dedicated mentor, and access to our investor network and funding opportunities.

What does the workspace include?

Seats at AIC NSUT on the 4th Floor, TBI Building, Library Block, NSUT, with meeting space, AI compute, and prototyping and test facilities. Track 1 startups get dedicated seats as part of the package; Track 2 startups can book at the rate card.

How long is the incubation?

12 months, extendable up to 24 months based on progress against the milestones we agree at onboarding.

How are startups selected, and when will I hear back?

Our Startup Selection Committee reviews applications on a rolling basis. Shortlisted founders are invited to pitch and discuss fit before we agree a track and sign.

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worth BUILDING?

Applications reviewed on a rolling basis. We back founders for the long run, not just the round.