Know about this scheme :-
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Related Scheme
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The Scheme provides opportunity to the innovators in developing and nurturing their
new innovative ideas for the production of new innovative products.
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Description
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Host Institutions (HI) can explore the new innovative ideas from the Incubatee of
various sectors which may be entrepreneurs or students from the any streams.
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Nature of assistance
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- 1. Financial assistance up to 15 lakh for developing and nurturing of an idea.
- 2. Financial assistance up to 1.00 Cr. for procurement and installation of Plant
and Machines in BI in order to strengthen the technology related R&D activities
of BI.
- 3. Financial assistance of up to 1.00 Cr. as grants in aid for the seed capital
support to HIs/BIs for converting deserving ideas in to start-ups.
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Who can apply?
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Student/Entrepreneurs of the Institute such as Technical colleges, Universities,
other professional colleges/institutes, R&D institutes, NGOs involved in relevant
activities, EDCs of O/o DC (MSME), MSME-DFO/Technology Centers (TCs), DICs or any
Institute/Organization of Central/State Govt.
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Download
Scheme Guidelines
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Objectives
• The main objective of the scheme is to promote & support untapped creativity of
individual and to promote adoption of latest technologies in manufacturing as well
as knowledge based innovative MSMEs.
Salient Features
•The components under the scheme will include mentoring support in business and
technology, networking with other businesses, seed capital assistance, professional
assistance to make the enterprise successful and achieve higher growth. Technology
based new enterprises are typically characterized as high risk and high growth ventures,
and as such, they require an enabling environment like BI to enhance the prospects
of success.
Activity
• Recognition of eligible institutions as Host Institute (HI) to set up Business incubator (BI).
• Approval of Ideas of Incubatee of Host Institute.
• Financial assistance up to 15 Lakh for nurturing of an Idea to HI.
• Financial assistance up to 1.00 Cr. as Capital Support to HI for Plant and Machines.
• Financial assistance up to 1.00 Cr. as SEED capital Support to deserving idea.
• Awareness and workshop programme.
Achievements
The Schemes has been launched in May, 2019 itself