policy documents

 


Funding Schemes

Funding available to RTBI incubated companies


Seed Capital

  • Interest free loan up to 5 lakhs
  • Repayment period up to 5 years

Ministry of Micro, Small and Medium Enterprises grant

  • Grant to up to 6.25 lakhs
  • Entrepreneur expected to contribute 15-25% of the total project cost
  • Fund awarded to both incubated entrepreneurs and companies for developing new products or services.

 

Technology Incubation and Development of Entrepreneurs (TIDE) Scheme

  • Convertible debt or equity, up to 25 lakhs
  • 5-10% simple interest on loan
  • 12-18 months moratorium period
  • 18-24 months repayment period
  • Entrepreneur expected to contribute at least 20% of the total project cost
  • Funds to be used for developing ICT based solutions with possiblities of Intellectual Property generation

 

Technology Development Board fund

  • Convertible debt or equity, up to 25 lakhs
  • 6-8% simple interest on convertible debt
  • 12-24 months moratorium period
  • 12-24 months repayment period
  • Incubated businesses can use this fund for

     

    • Product Enhancement / New Product Line
    • Developing solutions that will help improve processes or productivity

 

NSTEDB – Seed Support Scheme

  • Convertible debt or equity, up to 50 lakhs for first generation entrepreneurs
  • 6-8% simple interest on convertible debt
  • 12-24 months moratorium period
  • 12-36 months repayment period
  • The fund is for product or service development and testing and marketing associated with it

 

Please note that the funds are approved by respective committees based on proposals from the incubated companies and scheme guidelines. For more details and to express interest, incubated companies may write to RTBI staff.



hai