Seed Support System (SSS) For Start-Ups In Incubators
Department of Science and Technology, Govt. of India provides financial assistance to STEPs and TBIs for the much needed early stage financial assistance to be provided to deserving ideas and technologies. It helps the young firms to survive and grow by providing specialized support services during the critical period of a business venture i.e. the start-up phase. This would enable some of these innovative ideas/technologies to graduate to a level where they can then be fit for seeking normal lending commercial banks /FI’s route in their way to the successful commercialization process. Thus the proposed assistance is positioned to act as a bridge between development and commercialization of technologies.
TDB Seed Fund For Start-Ups In Incubators
The Government of India constituted the Technology Development Board (TDB) in September 1996, as per the provisions of the Technology Development Board Act, 1995.The Act enables creation of a Fund for Technology Development and Application to be administered by TDB.
Both DST and TDB SEED funds are parked with Scitech Park, Pune.
Scitech Park, Pune has disbursed both DST SEED Fund and TDB SEED Funds successfully to its seven incubatee companies namely:
- Omni Bridge System Pvt. Ltd.
- Probity Soft Pvt. Ltd.
- Watchwitz Pvt. Ltd.
- Signmod Pharmaceuticals Pvt. Ltd.
- Ayugen Biosciences Pvt. Ltd.
- Tribuaa Technologies Pvt. Ltd.
- Jampot Photonics Pvt. Ltd.