INCUBATION PROCESS AT SIIF PHASE I Pre Incubation

INCUBATION PROCESS AT SIIF PHASE- I Pre - Incubation Engagement PHASE- II Evaluation of Proposal PHASE- III Kick Start/ Getting On board PHASE- IV Incubation PHASE- V Closure of Incubation Engagement

PHASE- I PRE- INCUBATION (Within 3 working days after discussions and meetings) Applying for Incubation at SIIF (E-mail/Walk-in) (Within a period of 7 days) • On receiving Letter of Intent from SIIF, applicant accepts T&C for evaluation process. • SIIF to give a B-Plan Template to the applicant. Interaction with SIIF for Initial Screening of Idea (Within a period of 7 days) • SIIF to give formative inputs on industry/ subject matter. • SIIF to connect with external experts, if required. (Within 7 working days of receiving LOI) Applicant submits the business proposal as per the template provided by SIIF. Evaluation of Business Proposal by internal Evaluation Panel of SIIF (Annexure-1: Evaluation Criteria) Accepted SIIF to inform Date, Time and Venue for Evaluation session by Investment Committee. PHASE- II Evaluation of Proposal Rejected SIIF to give feedback along with reasons for rejection.

PHASE- II Evaluation of Proposal Pitching the Business Proposal to Investment Committee in the Evaluation Session. Meetings with SIIF Representative to work on comments and recommendations by Investment Committee. (Within 1 Week of the Evaluation Session)) (On a notified date within the span of 3 to 4 weeks of Phase- I) Presentation on an appointed day to The Review Committee Response from The Review Committee and SIIF. (In a span of 1 Week of result) SIIF to communicate to applicant the comments and evaluation by Investment Committee. Accepted Rejected Preparation of a Business Proposal’s Power. Point Presentation. SIIF to give feedback to applicant along with reasons of rejection. Decision Possibilities Only Incubation Support & Seed Funding PHASE- III KICK START Rejected

PHASE- III Kick Start (Immediately after Company Formation) Decision by Investment Committee Only Incubation Support & Seed Funding (Within 3 working days of Decision declaration) SIIF issues final confirmation letter/Email with further processes. Rejected SIIF to give feedback along with reasons for rejection. Sharing Company Details (Bank Details, PAN no. , Incorporation and Identification Certificates), Promoters’ Details, Ao. A & Mo. A. Signing Agreements with SIIF as applicable Share & Subscription Agreement and Term Sheet Incubation Services Agreement (Immediately after Confirmation letter/email) Process of Company Formation (If not already done) Phase- IV INCUBATION

PHASE- IV INCUBATION SIIF • Mentorship • Use of Infrastructure • Industry Connections • Regular Training • Review and advisory SIIF • • • Seed Fund Provisions Mentorship Use of Infrastructure Industry Connections Regular Training Review and advisory - Incubatee to give a weekly update - -Evaluation of Business Strategies and growth in every 2 Months. - P&L review and evaluation in every 6 months. -Incubatee to give a weekly update -Evaluation of Business Strategies and growth in every 1 month. -P&L review and evaluation in every 6 months. - Evaluation of IT and ROC File by SIIF at the end of every financial year. - Submitting Utilization certificate of Expenses.

PHASE- V EXIT (Within the 3 Months Notice Period) POSSIBLE REASONS i) Completion of 2 Years (If No Extension is granted) ii) Underperformance iii) Irresolvable disputes among the promoters. iv) Substantial Change in the business of Company due to Acquisition, merger or amalgamation or reorganization deals. v) Change in Promoters’/ Founders’ team without concurrence of SIIF. vi) Investment made by SIIF into incubates’ Company is bought by Investors. vii) Violation of SSCBS’s or SIIF’s Policy. viii) Any other reason for which SIIF may find it necessary for an incubated company to leave. • Releasing of Space or any other facilities provided by SIIF to the Incubatee. • Settling of dues, if any. • Closure of investment made by SIIF - Buy back by promotion - Write off, subject to prior approval of SIIF’s Board - Buy back by external Investor.