TKM Ltd. is a section 8 company registered under the Companies Act, 2013. The company desires to operate the educational institutes in the State of Madhya Pradesh. The company approaches you to seek your advice on the ro

To, The Board of Directors TKM Ltd. Note on Incubators as mode of financing Incubators are organizations set up with the specific goal of assisting entrepreneurs with building and launching their startups. Not only do incubators offer a high number of value-added services (office space, utilities, admin & legal assistance, etc.), they often also make grants/debt/equity investments. Atal Incubation Centres (AICs) is an initiative of the Atal Innovation Mission (AIM), NITI Aayog, to foster innovation and entrepreneurial spirit while creating a supportive ecosystem for start-ups and entrepreneurs in India. Each AIC is supported with a grant of up to ₹10 crores over a period of 5 years. Since 2016, AIM has established 68 Atal Incubation Centres across 18 states and 3 UTs which have supported more than 2700 startups. Incubators set-ups precede the seed funding stage and help the entrepreneur develop a business idea or make a prototype by providing resources and services in exchange for an equity stake. Incubators offer office space, administrative support, legal compliances, management training, mentoring, and access to industry experts as well as to funding through angel investors or VCs. The incubation period can be 2-3 years, and admission is rigorous. (Name) (Designation)