The companies will be permitted to stay in the incubator for a period of two years. They may be granted maximum two extensions for 6 months each at a time at the sole discretion of the SGVU-BBI.

Exit: An incubated company will leave the incubator under the following circumstances:
• Completion of two years stay (if no extension granted).
• Underperformance or non-viability of business proposition as decided by SIIC on case to case basis.
• Irresolvable promoters disputes as decided by SGVU-BBI on a case to case basis.
• Violation of SGVU-BBI policy.
• When the company enters in an acquisition, merger or amalgamation or reorganization deal resulting in a substantial change in the profile of the company, its promoters, directors, shareholders, products or business plan.
• Change in promoters'/ founders' team without concurrence of SGVU-BBI.
• Any change of more than 50% of equity ownership would require a prior approval of SGVU-BBI.
• Any other reason for which SIIC may find it necessary for an incubated company to leave.

Notwithstanding anything written elsewhere, SGVU-BBI’s decision in connection with the exit of an incubated company shall be final and shall not be disputed by any company.