Salient Features of the Seed Support by NSTEDB, Department of Science & Technology (DST)
While the STEPs/TBIs are able to support the “Space, Services, and Knowledge” requirements of startups, a wide gap exists in financial support required by a technology-driven start-up in the initial phase which is not being appropriately addressed. The basic idea of seed support is providing financial assistance to startups with new and meritorious ideas, innovations, and technologies. This would enable some of these innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel/Venture capitalists or reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support is positioned to act as a bridge between the development and commercialization of innovative technologies/products/services.
Eligibility Conditions for Incubatee Start-Ups for seed support
Broad Areas and Items to be covered under the Seed Support Assistance
The start-ups would be supported primarily on the following from seed support
List of Startups of IIMCIP who have received Seed Funding through DST-NSTEDB