AIC-CCMB

Funding

NIDHI-SEED SUPPORT SYSTEM

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, technologies and innovations by providing financial assistance to promising 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.

 

CALL FOR ROUND 2 FUNDING NOW OPENApply before Dec 31, 2021

Financial assistance 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

Eligibility for seed support

  • Incubatee should be a registered company in India with minimum 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.
  • Indian promoters shall hold at least 51% of shares in the incubated company.

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

Round 2 of NIDHI SSS Funding at AIC-CCMB now open till Dec 31, 2021