The Department of Industrial Policy and Promotion (DIPP) has urged the Corporate Affairs Ministry (MCA) to tweak the CSR guidelines to have flexible regime for supporting incubators, said Ramesh Abhishek, DIPP Secretary. “We have suggested that CSR guidelines should not have stipulations around the location of the incubators. So long as it is an incubator supported by the government, any corporate spend on such incubators should be counted for CSR no matter where the incubator is located,” Abhishek said at Indian Private Equity and Venture Capital Association’s (IVCA) power meet with Preqin, a data provider on alternative assets. Abhishek said the current CSR guidelines stipulate that only incubators located in government institutions would be eligible for CSR. “We need to move away from this location aspect,” he said. Simply put, the sole purpose of an incubator is to help entrepreneurs grow their business.