Promoter/Founder owned Lab/ Infrastructure cost as MC In-kind expense for DIO product development activities.
- Lab utilization cost has been accepted as part of MC in Kind in case where infrastructure and manpower are not owned by the startup. An agreement with the Lab owner/management and reasonable cost for utilization has been accepted as proof.
- In case where the lab infrastructure is owned by the startup themselves as on the date of the SPARK agreement, a cost equivalent to the rental cost may be accepted as MC in Kind based on the fair and competitive valuation for the same for the duration of the need. The valuation may be based on equipment, physical infra and manpower needed. The requirement and duration of the need may be confirmed by the PI and valuation from an independent agency may be provided by the startup themselves at the time of negotiating the agreement for Matching Contribution.
- For the valuation of the rental cost of Lab equipment, furniture and fixtures (except land/ building), depreciated percentage value to be considered. However, notional depreciation will be accepted in cases where the equipment/ item is already depreciated. It must be noted that the total rental value cannot exceed the total cost of Lab.
- Startup may also explore the availability of such facility with iDEX registered PIs if the same is not owned by them.
