Direct funding support to the units

Under the present proposal, direct funding support will be extended to the units, which can be used by them to defray part of their costs such as cloud hosting and services, cost of engagement of mentors, IPR creation, seed capital, cost of marketing etc. The above direct support will enable the robust incubation of start-ups in emerging technologies, as well as productive innovation activities.

The support will be extended in stages as follows (on per unit support):

• Proof of Concept – Rs. 5.00 lakh
• Prototype – Rs. 15.00 lakh
• Marketing – Rs 5.00 lakh