If you are an enthusiastic entrepreneur, here is your chance to get some funding from Indian Government. Indian Government has launched a new scheme called Incubator scheme. The main objective of the scheme is to promote emerging technological and knowledge-based innovative ventures that seek the nurturing of ideas from professionals beyond the traditional activities of Micro, Small & Medium Enterprises (MSMEs).
Under this scheme, 100 “Business Incubators” (BIs) are to be set up under Technology (Host) Institutions over the next 4 years [@ say 25 per year] and each BI is expected to help the incubation of about 10 new ideas or units. For this service, which includes the provision of laboratory/workshop facilities and other assistance/guidance to young innovators, each BI will be given between Rs.4 lakh and Rs.8 lakh per idea/unit nurtured by them, limited to a total of Rs.62.5 lakh for the ten.
The incubational support will be provided by Host Institutions, like:
- Indian Institutes of Technology (IITs)
- National Institutes of Technology ( NITs)
- Engineering Colleges
- Technology Development Centres, Tool Rooms, etc
Check out more details about the Incubator Scheme at MSMediara.gov.in
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