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.
Incubatee companies under Seed Support System:
- GetMy Solutions Pvt. Ltd.
- Lycan Electric Pvt. Ltd.
- Pixy Electric Cars Pvt. Ltd.
- Numbaa Virtual Pvt. Ltd.
- Omni Bridge System Pvt. Ltd.
- Probity Soft Pvt. Ltd.
- Watchwitz Pvt. Ltd.
- Signmod Pharmaceuticals Pvt. Ltd.
- Ayugen Biosciences Pvt. Ltd.
Seed Support by Technology Development Board, Govt. of India
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. It provides financial assistance in the form of grant to Technology Business Incubators (TBIs) and Science & Technology Entrepreneur Park (STEPs). Seed Support System by TDB is for providing financial assistance as seed support for start-ups in the Institution as a growth oriented initiative between the Board and the Institution.
TDB provides seed support assistance to Science and Technology Park, Pune for startups present in the incubator to incubate innovative technological ideas and to graduate them to successful commercialization. The grant is meant to support the start-ups primarily for product development, testing & trials, test marketing, mentoring, professional consultancy, filing patents, manpower and other area as deemed necessary.
Incubatee companies under TDB Seed Fund:
- Tirubaa Technologies Pvt. Ltd.
- Jampot Photonics Pvt. Ltd.