Capitalizing on the reverse brain drain, Government of India, is offering an attractive package to students and NRIs returning to India to start their own techology ventures. Pre-seed capital is provided under TePP (Technopreneur Promotion Programme) of DSIR to incubate innovation & enterprise. Maximum support is Rs 60/- lakhs in phases. The innovator retains all rights on IP and technology commercialisation. The support is provided as grant without need for any guarentee or collatoral .
Incubation support is also provided in incubators promoted by DST at IITs, NITs and in specail zones like Technopark, Knowledge park.
Among the first to avail this benefit is Kranti Kiran , a doctoral student of MIT, who returned to start a venture to develop Clima Gear, an outer garment with temp controlling circuits. He received funding from TePP and incubation support from NID, Ahmedabad.
For details of TePP support, contact:
A.S.Rao
Adviser
Department of Scientific and Industrial Research
Ministry of Science & Technology
Government of India
Technoology Bhawan
New Delhi 110016
e mail: asrao@nic.in
Applications under TePP can be submitted even before registering a firm.
Contact person for incubation support:
H.K Mittal
Adviser
Department of Sceince & Technology
Ministry of Science & Technology
Government of India
Technoology Bhawan
New Delhi 110016
e mail:hk.mittal@nic.in
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