Incentives are concessions, bounties offered to borrow money to set up a production

activity, while subsidy is a non cash concession given to translate idea into productive action

Incentives and subsidies are cash disbursement only to the intrapreneur

Incentives and subsidies are non-cash motivating factor to promote a new enterprise

Incentives are financial as well as non financial stimuli encouraging to undertake productive activities ; while subsidy pertains to a single lumpsum payment given by the government to an entrepreneur for compensating him for the excess cost over administered price of a product or service