How to Fund your Innovation?

S.No. Scheme Name Govt. Agency For What? Fund Details Contact

Micro Technopreneurship Support for TePP

DSIR, MoST

Modeling/ Simulation

Rs. 75,000/- subject to 90% of approved project cost

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TePP Project Fund for TePP

DSIR, MoST

Prototyping/ Development

Maximum support under this category is Rs 15,00,000/subject to 90% of approved project cost Maximum support under this category is Rs. 45,00,000/subject to a maximum 50% of approved project cost. Manpower costs supported will not exceed 20% of the total grant amount. Travel costs supported will not exceed 5% of the total grant amount Maximum support under this category is Rs 7,50,000/subject to maximum 90% of approved project cost

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Seamless Scale-up Support for TePP

DSIR, MoST

Adding Product Features/ Value Addition on the product

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Supplementary TePP Fund for TePP

DSIR, MoST

Innovation to Market/ Patenting

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Seed Support Scheme

TDB, DST, MoST

Incubation

Grant upto Rs. 1 crore each over a period of upto three years

Mr. HK Mittal's Office: Click Here

Funding Scheme

TDB, DST, MoST

Innovation to Commercialization

Soft Loan: Upto 50% of project cost to be incurred at 5% simple interest. Repayment in six monthly nine installments

Mr. Y.S. Yadav: Click Here Ms. Swapna Das, Program Coordinator Tel : 01123721503, Fax : 011-23721504 Email : swapna.das@ficci. com

TIMEIS

NSTEDB and FICCI

Entire Technology Development Cycle

Soft support, Consulting support etc

Technology Development & Demonstration Programme (TDDP)

DSIR, MoST

Innovation to Prototyping to Up scaling. Patenting. Consultancy Cost.

Generally limited to 50% of the eligible project cost

Head TPDU , Deptt. of Scientific and Industrial Research, Technology Bhavan, New Mehrauli Road, New Delhi-110016 E-mail- rra@nic.in, nrfc@nic.in

SUPPORT FOR ENTREPRENEURIAL AND MANAGERIAL DEVELOPMENT OF SMEs THROUGH INCUBATORS

MoMSM E under NMCP

Early stage funding for nurturing innovative business ideas (new indigenious technology, processes, products, procedure etc.) which could be commercialized in a year Grant to take part in exhibitions for Marketing Reimbursement of Financial Costs incurred on implementation of BAR CODES on products

Financial assistance between Rs. 4 lakh to Rs. 8 lakh per idea/unit.

Please click here for more details

10

MARKETING ASSISTANCE SCHEME

MoMSM E in associati on with NSIC MoMSM E in associati on under NMCP

Up to Rs 5 Lakh support for attending domestic and International exhibitions

NSIC Toll Free No. 1800111955 Abhay Bakre Tel: 01123061091 (Ext:2421) Fax: 01123061430 Email: abhaybakre@dcms me.gov.in Dharmendra Prakash (Tel): 01123062119 (Ext: 2427) (Fax) 01123062241 dprakash@dcmsm e.gov.in Coordinator West Zone Centre National Institute of Design Paldi, Ahmedabad 380 007 Phone: +91 79 26623692 Extn 1069 Fax: +91 79 26621167

11

FINANCIAL ASSISTANCE ON BAR CODE

Financial assistance for reimbursement of 75% of onetime registration fee and 75% of annual recurring fee for first three years

12

Building Awareness on Intellectual Property Rights

MoMSM E in associati on under NMCP

Reimbursements on patent grants

Domestic Patent - 25,000/grant International Patent - 2.0 L grant GI registration: 1 L grant

13

Design Clinics Scheme for design expertise to Micro Small and Medium Enterprises (MSMEs) manufacturing sector

MoMSM E in associati on under NMCP

Consultancy support to design problems

The Scheme reimburses 75% of the actual expenses to the Association subject to a ceiling of Rs.3 lacs

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International Travel Support Scheme

DST

Financial assistance for international travel for presenting a research paper or chairing a session or delivering a keynote address in an international scientific event (conference/semin ar/symposium/wo rkshop etc.)

Full economy class air-fare by shortest route, airport-tax and visa fees are provided under the scheme.

15

Drugs & Pharmaceutical Research

DST

Loan for drug research with a research institution

Loan amount upto 70% of the project cost.

16

Instrumentation Development Programme

DST

Funding for developing instruments

Up to Rs 35 Lakh sanctioned in recent projects, grant for technologists in academic institutions / soft loans or equity partnership with entrepreneurs

Shri Praveen Kumar S Scientist C Department of Science & Technology Technology Bhawan New Mehrauli Road New Delhi-110 016. Tel: 011-26590353 / 26590221 Email :praveen at nic dot in Email: pfa-dst at nic dot in Dr GJ Samathanam Adviser & Head (TDT) Department of Science and Technology Technology Bhavan New Delhi-110 016 Telefax : 01126862512 phone:01126590367 Email: samathan at nic dot in Dr GJ Samathanam Adviser & Head (TDT) Department of Science and Technology Technology Bhavan New Delhi-110 016 Telefax : 01126862512 phone:01126590367 Email: samathan at nic dot in

17

DIRECT CREDIT SCHEMES

SIDBI

Funding

SSIs and Service sector units with project cost upto Rs.25 crore

Contact SIDBI

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COMPOSITE LOAN SCHEME (CLS)

SIDBI

Funding

Assistance for equipment and/or working capital as also for work Sheds

Contact SIDBI

19

SINGLE WINDOW SCHEME (SWS)

SIDBI

Funding

To provide both term loan for fixed assets and loan for working capital through the same agency.

Contact SIDBI

20

Small Business Innovation Research Initiative (SBIRI) for Public Private Partnership

Departm ent of Biotechn ology

Early stage funding/loaning for biotech/pharma entrepreneurs and later loaning support for commercialization

Upto Rs 10 Crore, upto Rs 50 Lakh as grant and rest as soft loan

Dr. (Mrs.) Suchita Ninawe, Scientist 'F', Department of Biotechnology, Ministry of Science & Technology, CGO Complex, Block - 2, 6-8th floors, Lodi Road, New Delhi-110 003. Email: sninawe@dbt.nic.i n

21

Angel Funding by NRDC

NRDC

Angel Funding

Rs 10 Lakh to Rs 30 Lakh

Click Here

22

The Invention Promotion Programme

NRDC

Funding for technology development, IPR and commercialization

Upto 2 lakh

Click Here