OVERVIEW OF ROHILKHAND INCUBATION FOUNDATION (RIF)
Rohilkhand Incubation Foundation (RIF) is a Sec 8 Company Promoted by Mahatma Jyotiba
Phule, Rohilkhand University, Bareilly. RIF is a Not-for-Profit Centre dedicated to nurture
Innovation, Incubation and Entrepreneurship with its Board of Directors and Chairman. It is a
nationally connected framework for Angel Investors, Start-Ups, Entrepreneurs, Incubatees,
Innovators, Creative Minds, Investors, Corporate Partners, Academic Association, Professional
Resources, Mentors, Experts, Consultants, Advisors and Faculties from inside and outside
University for the incubatee companies, equipped with CA/CS , Accountants , Lawyers Facility,
Idea/Technology Display, Banking Support , Venture Capitalists , other Investors and Seed Funds
to provide necessary support to help incubatees,start-Ups, entrepreneurs and innovators survive in the
competitive market and reach a stage where they can scale-up their ventures further.
THE ECOSYSTEM
RIF aims to build and share resources including space and infrastructure, creation for business
incubation activities access to business support services, training programmes to enhance the skills
of entrepreneurs, incubates and start-ups. RIF aims to coordinate, synergize and leverage the
various strands of excellence driving innovation and entrepreneurship in a thriving ecosystem
consisting of research, innovation, industrial interactions and incubation in various sectors.
RIF supports incubatees and entrepreneurs from inside and outside University and its Affiliated
Colleges in creating successful business ventures that can translate benefits from technology and
knowledge innovations to the society at large.
RIF is also promoting following activities with strong technological, social and strategic impact:
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Not for Profit Centre.
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Technology Business Incubation & Technology Commercialization Program.
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Training and Awareness Programs in Entrepreneurship.
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Competitive Events, Hackathon, Ideathon, Social Innovation Activities, Lectures and
Workshops, Technical Events, Seminars, Conferences, Case Studies, Business Plan
Competitions, Innovators Camps etc.
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Promoting Innovations in Individuals, Start-ups, MSMEs and others in Govt & Non- Govt.
Sectors.
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Networking and Interfacing between Academic, R & D Institutions, Industries and Financial
Institutions.
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Other relevant Activities
BROAD AREAS
Different Sectors where incubation can be provided are among, but not limited to:
Earth System Sciences ,Rural Technologies, Industrial Solutions, Engineering & Technology,
Education, Information and Communication Technology (ICT), Biotechnology, Food
Technology, Artificial intelligence ,Augmented Reality, Big Data and Analytics, Image
processing and Recognition, Cloud Computing, Smart, Hardware, Healthcare Waste Recycling,
Water Sanitation and Sewage Management, Organic Electronics, Green Technology, Clean Energy, Renewable Energy, Non- Renewable Energy Sources, Food, Agriculture , Allied sectors
and other areas of social or national importance.
SCOPE
The Technology Business Incubation Policy is the policy document that is applicable to all
incubation activities in the RIF, the policy has been three major components:
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Pre - Business Incubation
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Technology Business Incubation
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Virtual Incubation for companies located outside the RIF, MJPRU, Bareilly campus
Eligibility
RIF is open to aspiring Start-Ups, Incubatees, Innovators and Entrepreneurs in the
different areas seeking support of RIF.RIF is also the nodal body to frame and
monitor agreements regarding policy and their fair use by incubated companies.
Consideration
The Incubation Centre shall levy charges for the services, facilities, laboratory, and equipment.
These services and facilities shall be as per rules and regulations of the RIF and shall be on
availability basis either through empaneled service providers or through the Rohilkhand
Incubation Foundation.
Incubation Process
Step-1: Submission of an electronic
or in person – Application/Idea by Potential Incubatees, Innovators and Entrepreneurs.
Step-2: Constitution and approval of the incubation evaluation committee by the directors
(screening round where proposals are examined with attention to financial and technical due
diligence).
Step-3: Presentation before the committee by the applicant.
Step-4: The Committee gives its recommendation and singed minutes are forwarded to the
Director for approval.
Step-5: Incubation Agreement is signed for admission.
Step-6: Periodic review of the activities of the incubate company every quarter.
Step-7: In case the incubate company requires any facility of Rohilkhand Incubation Foundation,
MJP, Rohilkhand University, Bareilly then they shall enter into an Usage Agreement.
Step-8: In case the incubate company requires any seed fund, they shall submit an application
giving details of fund requirement with clear budget heads and enter into a separate Seed Fund
Agreement containing details of repayment, etc.
Infrastructure, Support and Services provided to Incubatee
Rohilkhand Incubation Foundation (RIF) shall offer following facilities to the incubate company
on availability basis
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Branding: Incubatees may apply for permission to brand themselves as “RIF,
MJPRU, Bareilly Incubated Company” or “Incubated by “RIF, MJPRU, Bareilly”.
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Business Support Services: Financing, Accounting, Tax, Company Secretary,
Chartered Accountant, Legal & Advisory Services.
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Mentorship: RIF shall identify a mentor as requested by the company.Inhouse and
Outside Mentorship by Consultants, Advisors, Faculty Members, Business Mentors,
Professionals, Corporates and Industry Experts.
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Events: Events to facilitate Interaction and Opportunities like- Training Programmes,
Workshops, Lectures, Seminars, Conferences, Competitive Events, Ideathon,
Hackathon, Camps & Awareness Drives.
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Networking: Showcasing incubatees through Networking Events for exhibition of
Products, Services and Solutions. Meetings with visitors of MJPRU, Bareilly such as
Academics, Alumni, Experts, Faculties, Industry Professionals, Other Investors
and Industries to build strong networks at Field, National, International levels.
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Shared Resources: Meeting and Conference Rooms, Idea Rooms equipped with
Projectors & Audio/Video Conferencing Aids, Photocopying, Fax, Scanning
Machines, Pantry Facilities, Lab & Library Facilities.
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Physical Infrastructure: Like Office, Workshop Space , Personal Computers, Printers,
Telecom Facilities, Internet connectivity, multimedia facilities for remote Board
Meetings and Video Conferences .
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Technical Support: Design, Simulations, Development and Testing etc.
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Financial Support: Seed Support, Refinement &
Commercialization Grant May be provided, Subject to the Availability of Funds/Grants/ Schemes
meant for the Purpose .Introduction and Support from Angel Investors, Venture
Capitalists, Banks and other Financial Institutions.May also facilitated, Subject to Availability.
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Period of Incubation/ Exit: The incubate company shall be offered an incubation
period as decided by the Board.
RESOLUTION OF CONFLICTS
Situations in which the objectivity of an incubatee could reasonably be questioned, the Directors
may establish an independent committee to take necessary steps. The decision of the Board, in this
regard, would be final.