National Science & Technology Entrepreneurship Development Board (NSTEDB)

Seed Support System | Supported by DST, Government of India
Image

KIIT-TBI is hosting a seed fund with a corpus of Rs 2 crore under the scheme “Seed Support System for Start-ups in Incubators” of the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology.

The Seed Support is for incubatees physically incubated at KIIT-TBI. The funds are meant for early-stage funding for indigenous ideas and technologies requiring up-scaling and related work.

Quantum of financial assistance to the incubated entrepreneur

  • Minimum: Rs. 5 lakhs
  • Maximum: Rs. 50 lakhs

Broad Areas to be covered under the financial assistance include:

  • Product development
  • Testing and trials
  • Test Marketing
  • Mentoring
  • Professional Consultancy (To attract Professors of institutions to work with small firms)
  • IPR issues
  • Manpower for day to day operations
  • Any other area as deemed necessary and recommended by the Management Committee.

The Seed fund emphasizes:

  • Alignment with KIIT-TBI’s Focus areas
  • Product offerings (vs service offerings)
  • Technology-driven enterprises
  • Strong knowledge components in enterprises

The Seed fund emphasizes:

  • Alignment with KIIT-TBI’s Focus areas
  • Product offerings (vs service offerings)
  • Technology-driven enterprises
  • Strong knowledge components in enterprises