Terms & Conditions

1. Institutional Governance & Affiliation

Welcome to SSUInnovation Tech Foundation (“SSUInnovation”, “we”, “us”, or “our”), a specialized technology business incubator established at Sri Sri University, Bidyadharpur Arilo, Cuttack, Odisha 754006. SSUInnovation is sanctioned under the DST-NIDHI scheme by the Department of Science & Technology, Government of India, and recognized by the Ministry of Education's Innovation Cell (MIC).

By accessing our website (ssuinnovationtech.co.in), applying for incubation cohorts, or utilizing our laboratory testbeds and co-working facilities, you agree to be bound by these Terms and Conditions.

2. Incubation Eligibility & Selection

Admission to our incubation programs is merit-based and governed by guidelines set forth by the Department of Science & Technology (DST), Govt. of India, and the SSUInnovation Project Screening Committee.

• Applicants must be incorporated entities in India or teams committed to incorporating an eligible legal entity upon selection.
• Proposals must feature technological novelty, commercial viability, and alignment with national socio-economic priorities.
• Submission of an application does not guarantee admission. The screening committee reserves the right to accept or reject applications based on evaluation metrics.

3. Intellectual Property Rights (IPR)

We firmly believe in protecting founder innovation:

Where university laboratory facilities or university faculty research are jointly co-developed into intellectual property, ownership allocation will be governed in accordance with Sri Sri University's official IPR Policy.

4. Facilities, Prototyping Labs & Code of Conduct

Founders admitted to SSUInnovation receive access to prototyping facilities, computational equipment, meeting rooms, and collaborative workspaces.

• Founders and their teams must strictly adhere to safety protocols, waste disposal regulations, and chemical/electrical safety norms within campus laboratories.
• All campus users are required to maintain the university's ethics, environmental sustainability principles, and code of conduct.
• Misuse of lab machinery, breach of safety norms, or intentional harm to university property will result in immediate termination of incubation status.

5. Seed Funding & Grant Utilization

Disbursement of seed funds, prototyping grants, and milestone-based DST-NIDHI support is contingent upon verified milestones, submission of utilization certificates, and regular operational reviews.

Misappropriation or diversion of grant funding away from approved R&D activities is strictly prohibited and subject to legal recovery under Government of India statutory provisions.

6. Confidentiality & Non-Disclosure

SSUInnovation maintains strict confidentiality regarding proprietary pitch decks, financial forecasts, and business strategies shared during evaluation and mentorship clinics. Reciprocally, founders must treat fellow incubatee information and proprietary university research as strictly confidential.

7. Limitation of Liability

While SSUInnovation provides strategic mentorship, commercial introductions, and prototyping resources, we do not guarantee commercial success, venture funding outcomes, or market adoption. SSUInnovation and Sri Sri University shall not be held liable for commercial losses or contractual disputes between startups and third-party investors.

8. Governing Law & Jurisdiction

These Terms and Conditions shall be governed by and construed in accordance with the laws of the Republic of India. Any disputes arising out of or in connection with incubation services or website use shall be subject to the exclusive jurisdiction of the competent courts in Cuttack, Odisha, India.