AP government invited proposals from TBIs under their new scheme "Integrated scheme for Risk Guarantee support to public private partnerships in creating world-class Technology Business Incubators (TBIs)".
- land or built up area min 100,000 sq.ft will be made available to TBIs for 90years lease for live-play-work.
- 85% of project cost with a cap of Rs 150 crores will be provided as soft loan at 6% simple interest payable after project period of 15 years.
- eligibility- incubator should have incubated a minimum of 100 startups and managed atleast 25,000 sqft of incubator infrastructure.
