Sorry, It slipped off my mind to post about my meeting here.
Met with
K. Thyagrajan Iyer, Chief Executive . Explained my project, told that I have an almost ready prototype and that I will be giving a demo to some prominent ppl sometime this month. Then explained my background that I'm in a position to take risks at this time because I dont have much financial responsibilities, for family or otherwise. Then asked him how exactly nirma labs can help.
Apart from whatever is there on the website, he told me that 4 projects are incubated as of now. Two of them are ready with the funding and will be incorporated very soon.
I told him that I wanted to reach the market as soon as possible and therefore 6-7 months long "grooming" program wont be quite suitable for me. He told that its not a very intensive program and I will get time to focus on my project. (I am still not convinced :neutral

They consider projects for incubation every 10 months. and once a project is selected, they provide all kinds of help, legal and otherwise. They provide office space and they organize meetings with established entrepreneurs and other business ppl. They'll help in getting more business contacts.
Guess, I'm not exactly the right candidate they are looking for. He said, they focus on people, not ideas. So one should be open-minded to consider new ideas. True, but right now I'm focussing on the things at my hand. I'm not convinced with the "grooming" thing. Time is what I don't have.
Ask me if you have any questions. You can call up tyagi sir anytime and ask for clarifications. PM me if you want his number.