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8/3/2019 Government Supported Funding Schemes
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Government supportedfunding schemes for
startupsA.Balachandran
General Manager
VIT-Technology Business Incubator (VITTBI)
www.vittbi.com
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About VITTBIJoint initiative between VIT and DST
Established in the year 2003
Supported over 25 start ups
Holistic business incubation model coveringtechnology development , product developmentand testing, business development, access tomarket and access to finance
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About VITTBIVITTBI’s support services include individualoffice space to the entrepreneur, shared office
services, Product Development and Testingsupport, access to various campus facilities,seed funding, assistance to raise funding,assistance to raise innovation grant and so on.
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Funding Assistance to
EntrepreneursAssumption:
Scope of this presentation covers early stagefunding needs of start ups
Issues and ChallengesLack of many early stage funding mechanismsIdea Vs AssetsLack of Experience on the part of entrepreneurs
Lack of empathy or reluctance in the traditionalfunding mechanismsRisk
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Funding Assistance for
Innovative ideas
Proof of Concept / Prototyping fund:TePP Program of DSIRMicro TePP and TePP Project FundingRs.75,000 to Rs.15 LakhsProcess – TePP Outreach centers
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Funding Assistance for
technologycommercialisation
Phase-II TePP Program of DSIRUp to Rs.45 Lakhs for starting a venture / Rs.7.5Lakhs for commercialisationProcess
-----------TIFAC TREMAP scheme through TechnologyCommercialisation Facilitation Agencies (TCFAs)-Process
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Funding Assistance for
a new innovativeventure
Support for Entrepreneurial and ManagerialDevelopment:
MSME Incubator schemeRs.6.25 Lakhs to Rs.8.00 LakhsProcessMSME supported incubators
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Funding Assistance forincubatee companies
Seed Fund Support from Business Incubators:
Technology Development Board supportedseed fund Scheme
DST-NSTEDB supported seed fund schemeDIT-TIDE scheme
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TechnologicalAssistance
to EntrepreneursProduct DevelopmentTesting
Pilot testing / Beta TestingLaunchDesignPackagingStabilization / mass productionServices
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Technological Assistance
to EntrepreneursInstitutes of reputeTechnology Business Incubators- Sectoral
focus / common facility centersNSICICAR /CSIR /DRDO / ISRO / TIFAC COREsMentoring
ConsultingTurnkey solutions
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