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Saturday, April 22, 2006

20 lalkhs seed capital from Nirma labs

Nirma labs is inviting proposals from innovators to incubate their ideas. Maximum financial support will be Rs 20 lakhs. Their "groom-incubate-grow” program is designed to transform outstanding individuals into Global Techno Entrepreneurs. Initial focus is on the ICT sector. NirmaLabs started with its first batch of grooming in July 2004. Currently there a four projects involving eight individuals in the incubator. Two of these projects are nearing completion of their prototype and will be spun-off as commercial ventures in the next few months. Two other projects are expected to be spun-off as companies by early 2007. From the third batch of grooming that started in January 2006, they expect two/three projects to be incubated by August/September 2006. The next batch is commencing on Monday, July 17, 2006.


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