Technology Business Incubator @ Kongu Engineering College

EDII – IVP Proposal - Flow

EDII – IVP Grant application process common to all KEC Personnel – Start-ups, MSMEs, Students, Faculty, Staff,
Researchers and others related

Applicant must register (ed) as a Micro Small Medium Enterprise (MSMEs) / Startup with DPIIT/GoI
Applicant may be Incubatee of TBI or willing to register inline to T&C as incubatee on sanction of IVP
grant

IVP Voucher “A” IVP Voucher “B”

80% from EDII +20% from Applicant 50% from EDII +50% from Applicant
EDII Contribution Min: 1L EDII Contribution Min: 1L+20%
EDII Contribution Max: 2L EDII Contribution Max: 5L+20%
Project Duration: 12 Months Project Duration: 12 Months

Application Preparation with reference to TBI@KEC EDII-IVP policy by applicant and faculty expert / mentor

Submit application to TBI@KEC

if Committee approves
Not Accepted Accepted

Submission of Application to EDII through Online

Accepted

Not Accepted Review by EDII-IVP and Presentation to Technical & Steering Committee

Accepted

Signing of Incubation Agreement by Signing and Submission of Triparty

Applicant with TBI@KEC Agreement between Applicant, TBI@KEC
and EDII

Deposit of Applicant Contribution to TBI@KEC 1st installment of Grant release to TBI@KEC

Release of 1st installment (50%)to Applicant

if CommitteeProgress
approvesReview by IVP IPMC

1st UC & Report Submission by Applicant to TBI@KEC

if Committee Request
approveswith UC & Report to EDII for 2nd installment
release
Release of 2nd installment (40%) to
TBI@KEC then to Applicant
installment to Applicant
Progress Review by IVP IPMC
if Committee approves
2nd & 3rd UC & Report Submission by Applicant to TBI@KEC
if Committee approves
Request with UC & Final Report to EDII for 3rd installment
release
Release of 3rd installment (10%) to TBI@KEC
then to Applicant as reimbursement
installment to Applicant