Programs

NIDHI-Seed Support System


CALL FOR APPLICATION
For
Funding under NIDHI-Seed Support System (NIDHI-SSS)

AIC-CCMB is now providing financial support for startups under the scheme "National Initiative for Developing and Harnessing Innovations - Seed Support System (NIDHI-SSS)" by National Science & Technology Entrepreneurship Development Board, Department of Science and Technology NIDHI-SSS aims to nurture ideas, technologiesand innovations by providing financial assistance topromising startups. This support will enable startups to graduate to a level where they will be able to raise investments or seek loans from financial institutions. At AIC-CCMB, we aim to infuse much-needed funds to bridge the gap between development and commercialization.


Financial assistance will be provide for

  • 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

Highlights of the Fellowship/Award

  • Fully funded fellowship with monthly stipend of Rs. 50,000 pm
  • Rs. 5 Lakhs mini kick start grant
  • Clinical/ Rural Immersion
  • Access to BIRAC network of Mentors and Investors
  • Mentoring by SPARSH Knowledge partner and 14 SPARSH Centres
  • Opportunities to seek funding on completion

Eligibility for seed support

  • Incubatee should be a registered company in India with minimum of three months of residency at AIC-CCMB
  • Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
  • The share holding by Indian promoters in the incubate start up should beat least 51%

Quantum of NIDHI –SSS

Financial assistance of Rs 25 lakhs upto Rs. 100.00 lakhs from DST as grants-in-aid for the seed support released in about 2-5 rounds with a max of Rs. 500.00 lakhs/round based on the assessment

To benefit from this scheme, please click on the link to make a fresh application for Physical Incubation at AIC-CCMB: https://profile.thecapitalnet.com/public/application/inc/603121c4a46e998ee2b95b7d