Paid Co-Working Space

1. Rent & Payment Terms

Cost: ₹1,000 per seat per month.
Due Date: Advance Rent must be paid on or before the 5th of every month.
Late Fee: ₹500 per week for delayed payments.
Non-Refundable Rent Policy: Payments made will not be refunded under any circumstances.
Security Deposit: Two months' rent required at the time of agreement signing.

2. Office Space Allocation

Availability: 33 paid seats (2-4 seats per startup).
Duration: Maximum 11 months on a one-time basis.
Selection Process: Online application → RISE team screening → Final approval by the Incubation Centre Board.
Allotment Basis: First-come, first-served only for RISE alumni /virtual start-ups with priority to DPIIT-recognized startups.

3. Agreement & Documentation

Mandatory Agreement: Startups must sign a formal agreement with RISE Jhansi Incubation Centre.
Stamp Paper Requirement: The agreement must be executed on a minimum ₹1,000 stamp paper.
Legal Binding: The agreement will outline terms, obligations, and compliance requirements.

4. Lock-in Period & Termination Policy

Lock-in Period: 11 months from the date of agreement signing.
Early Exit: Requires 30-day prior notice or one month's rent as an immediate exit fee.

5. Facilities & Services

Included in Paid Plan: Workspace, furniture, washroom access, drinking water.
Additional Support: Rise sessions and networking opportunities.

6. Compliance & Security

Legal Compliance: Startups must adhere to company registration, taxation (GST), and labor laws.
Data Protection & Confidentiality: Strict policies enforced; violations result in expulsion.
Unauthorized Access: Strictly prohibited; security checks will be conducted.

7. Exit & Handover Process

Vacate Premises: At the end day of the lock-in period.
Pending Payments: Must be cleared before vacating.
Workplace Condition: Any damage to property will result in deductions from the security deposit.

8. Additional Rules

Visitor Policy: Pre-registration required; startups responsible for their guests.
Events & Branding: Startups cannot use RISE's name/logo without prior approval.
Liability Disclaimer: RISE is not responsible for loss/theft of startup property (laptops, documents, etc.).

Rent Model for VC Room, Podcast Room, Mini Conference Rooms, and Training Room

The following rental structure is applicable for the utilization of various rooms at RISE Incubation Center:

Mini Conference Rooms

One-time booking

₹2,000

maximum of 2 hours

VC Room

Video Conferencing

₹2,000

maximum of 2 hours

Podcast Room

Recording Space

₹1,000

maximum of 1 hour

Training Room

Breakout Area

₹5,000

maximum of 4 hours

Terms & Conditions:

  • All bookings are subject to availability and must not interfere with ongoing activities and operations at RISE Incubation Center.
  • These facilities are primarily for startups and relevant individuals associated with the entrepreneurial ecosystem.
  • Any damage or loss of property during usage must be borne by the booking authority.
  • RISE provides only the space and installed infrastructure; no additional services or facilities are included in the rental.
  • The final decision regarding bookings will be made by the RISE Board, based on information provided by the official team of RISE Incubation Center.
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