In a bid to encourage fresh Chartered Accountants, the Institute of Chartered Accountants of India ( ICAI ) is offering incubation centres to start ups founded by the chartered accountants. This is under the Committee for Members in Industry & Business (CMI&B), ICAI seek applications from start-ups desiring space and facilities at incubation centres proposed at ICAI Bhawan, BKC, Mumbai.
“Keeping in view the limited seats available applicants are advised to furnish all relevant documents/information in support of their application at https://cpabiplacements.icai.org under expression of interest head, on line. Applications are open round the year. Consideration on application is subject to availability of space and suitability of application with ICAI norms,” ICAI said in an announcement.
Eligibility of the applicant: At least one of the Director/ Co-founders of the startps must be Chartered Accountant.
‘Start-up’ for this purpose, means the start up defined under Gazette notification no. GSR 364(E) dated 23rd May, 2017 and revised thereafter from time to time issued by Ministry of Commerce & Industry, department of Industrial Policy & Promotion, it said.
Interested persons can apply through online for establishment of Incubatees such as Local Entrepreneurs, Startup Companies, Spin-off from University or R&D Centers and Social Venture or Grass root ventures.
The space and facilities would be provided for six months which may extend further only for 6 months, not beyond that. ICAI provides infrastructure and other facilities such as Sharing phone-lines/ wi-fi-/ internet/ printer etc. The space allotted would be solely used for start-up business purpose only. ICAI would facilitate linkage with various Government schemes meant for start-ups. The existing sharing facilities including Seminar halls, board rooms, common meeting rooms would be made available to start-ups on demand subject to availability and it is the sole discretion ICAI to accept or reject the request. Efforts would be made to provide mentoring and knowledge up-gradation.
