Growth Lab

Growth Lab is Scitech Park's own technology business incubator, first set up at Bhosari in 2006-07 with four startups. It is a resident, fee-based programme rather than a grant scheme.

What you get

• An individual workstation with power backup and internet, in a biometric-access building
• Shared conference and discussion rooms, and an in-house library
• A single window for legal documentation, entity formation and IPR protection support
• Mentoring, networking introductions and business-planning help, from a Board of Mentors drawn from industry, academia, R&D, angel investors, venture capital and serial entrepreneurs, backed by a panel of chartered accountants, lawyers and consultants
• Marketing planning, product testing and certification support, business valuation help and human capital management as you scale
• Introductions to DST and TDB seed support and to angel, venture capital and private equity investors
• A service-tax exemption on turnover up to a stated threshold, for resident companies

Who can apply

• Companies in the process of registering under the Indian Companies Act, with a sound, technology-driven business plan
• Priority to technologies developed indigenously within Indian universities, research labs or industry, and to products with social impact
• Already-incubated startups from other cities or abroad looking to expand into Pune or Maharashtra, as co-incubation cases

How selection works: The expert committee reviews an executive summary of your business plan, then a full presentation for technical and financial due diligence, then a detailed business plan, before a formal incubation agreement and registration certificate are issued. The committee weighs the merit of the proposal, its financial viability, your prior experience, growth potential, how unique the technology is, your market knowledge and your management team.

How to apply: There is no separate online form referenced on the programme page — applicants work through the business-plan submission process above. General queries go to stp@scitechpark.org.in.

Companies stay in the programme for up to three years, extendable case by case, and are expected to become cash-positive and graduate from the incubator within that window.