Terms & Conditions for Allotment of Space

CORRIGENDUM

This in reference to the advertisement published on 03/ 07/ 17 in main edition of The Tribune and other leading Newspapers in the Country for allotment of Space at Spic Incubation Centre at EDC building.
In the online application form available at www.spicindia.com under the document to be attached section Startup Registration Certificate should be read as Company Registration Certificate.

Last date for applying has been extended to 1st Aug 2017.

1. Incubation Definition

To foster entrepreneurial activities in IT related areas and to provide a platform to the start- ups and prospective entrepreneurs to convert their innovative ideas into commercially viable products to enhance software exports from Chandigarh.

2. Eligibility Criteria

3. SPACE

The following bays available at SPIC IT Incubation Centre are furnished with modular furniture.

S.No. Floor Bay label Tentative Area(sq ft) Area View
1 First 0-8 960 360 view
2 First 0-9 740 360 view
3 First 0-10 1,094 360 view
4 Second 0-13 848 360 view
5 Second 0-14 1,162 360 view

4. SPAN OF INCUBATION

The space at Incubation Centre will be allocated on leave and license basis initially for a period of 12 months. The allocation would be extendible twice so that the maximum total period of license for any licensee shall under no circumstances be extended beyond additional 24 months. The term will be extended on yearly basis. The applicant to whom space is allocated shall need to enter into a leave and license agreement..

5. SELECTION PROCESS

The selection of licensee shall be done by a Committee. Applicants are required to submit the proposals through online application form.

6. PAYMENT TERMS

  • Rs. 70 per square feet per month Rent
    • Rent to be paid on monthly basis as advance
    • Rent for first 1 month shall be paid in advance along with rent for 2 months as security
  • Normal Operation Hours : 8AM - 8PM
  • Rs. 70 per square feet includes; electricity, water, 24 Hrs Security & Facility Management, Housekeeping, Repair & maintenance and Parking
  • For operations beyond normal hours an additional Rs. 10 per square feet per hour per month would be charged
  • Internet on paid basis only

7. INCUBATION FACILITIES

In addition to the space at SPIC IT Incubation Centre the following facilities will also be provided to the licensee for operations :

  • Normal Operation Hours from 8AM - 8PM
  • Security
  • LAN Cabling
  • Facility Management & Housekeeping
  • Repair and maintenance
  • Running expenses like electricity, water and diesel for the DG set
  • For operations beyond normal hours additional charges would be levied
  • Parking

8. OTHER CONDITIONS

  • Applicant would be eligible for allocation of 1 bay only.
  • Applicant including direct family members would be eligible for allocation of 1 bay only at a time.
  • Bay allocation would be recommended by the screening committee based upon current and future requirements
  • Licensee shall start work from within 1 months of commencement of the agreement failing which the license shall stand terminated.
  • Licensee shall not be allowed to sub-license the space and in the event of violation the competent authority shall have the option to terminate the agreement with 15 days notice.
  • Licensee will not be authorized to make any additions / alterations in the premises without prior approval of the licensor.
  • Licensee shall bear all costs / risks associated with such additions / alterations / repairs.
  • Licensor and Licensee shall have the option to terminate the agreement by giving 2 months notice in writing

Note: The eligibility criteria above has been prescribed based on the various models across the country keeping in mind the objective to support start-ups & promotion of Software Exports.

CORRIGENDUM

This in reference to the advertisement published on 03/ 07/ 17 in main edition of The Tribune and other leading Newspapers in the Country for allotment of Space at Spic Incubation Centre at EDC building.
In the online application form available at www.spicindia.com under the document to be attached section Startup Registration Certificate should be read as Company Registration Certificate.