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.