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Sunday, January 20, 2008

Proposals invited from technology start-ups

Call for Proposals

Entrepreneurial dynamism and innovations in high technology industries promote economic growth and in the long run are necessary for it. To bridge the gap in the ecosystem that connects technologists with risk taking entrepreneurs and investment managers, DSIR has taken up a new scheme TDDP-START-UPs, during the XI plan. The scheme aims to ‘value incubate’ about 200 IP (Intellectual Property) based start-ups during the plan period with early stage (pre-revenue stage) funding in the form of grant / loan, subject to a maximum of Rs 250 lakh. The support amount is to be utilized to accelerate product development (beta version) in a period of 9 to 12 months for faster market entry.

Proposals are now invited from start-up firms meeting the following requirements:

o The firms are registered in India with majority (51% or more) ownership by Indian citizens.

o Possess protected/licensed intellectual property for a breakthrough technology. The IP can be the one generated by the promoters or licensed in from national/ international research organizations like CSIR/IISc/IIT.

o Significant scale up potential; only projects where investors (Angel investors/registered VC funds/TDB/SIDBI capital etc) issue a non binding Expression of Interest (EOI) for late stage funding would be eligible for support.

For further information contact:



Department of Scientific & Industrial Research

Technology Bhawan

New Delhi 110016

E mail: ;

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