Virtual incubation definition

Virtual incubation means off-campus incubation support, wherein the incubatee shall not be physically housed in the Centre, but shall operate from outside the IITK campus The Incubator agrees to incubate the Company virtually, whereby The purpose (“Purpose”) of Virtual Incubation Unit will be to: Promote &interact with, and source technology/expertise, whenever possible, from faculty members and research scholars and laboratory infrastructure of the Incubator, subject to the Institute’s norms, policies and terms and conditions as modified time to time. Help in getting other kinds of techno-managerial expertise required that is not available within the Institute. Incubating novel technology and business ideas into viable commercial products or services. Offering professional services, on charges basis.
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