BRBNMPL-Venture Center CSR Collaboration Grant

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Pune · Maharashtra · India

Venture Center Venture Center is India's premier award-winning technology business incubator, set up as an initiative of CSIR's National Chemical Laboratory (NCL). Incorporated under Section 8 of the Companies Act, the organisation was founded on 10 January 2007 and is located…

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Application Process

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Apply Online
Submit your application through the online form, attaching your CV, business presentation, and detailed project proposal with budget and milestones.
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How to apply

Four steps from draft to disbursement — one action each.

1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
4
Submit on the official portal
Use the official application link and verify all details before final submission.
5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.

Frequently Asked Questions

What is the maximum grant amount provided?

The program offers grant funding of up to ₹5 Lakh per selected grantee. This amount is disbursed in tranches based on mutually agreed milestones and discussions with Venture Center.

What are the key focus areas for innovation in this program?

The program specifically targets science-based innovations in sustainability across five key domains: Waste to Value, Drinking Water, Circular Economy, Clean Energy, and Carbon Capture. Detailed sub-categories within these areas are outlined in the program guidelines.

Who is eligible to apply for this grant?

Applicants can be either individuals (pre-incorporation) or registered entities such as Private Limited Companies or Limited Liability Partnerships (LLPs). The Project Leader must be an Indian citizen, at least 21 years old, with a background in natural sciences, engineering, or medicine, and committed to full-time project execution. Companies must be at least 51% owned by resident Indian citizens.

What types of projects are not eligible for this grant?

Projects that involve pure software development without significant IP potential or those focused solely on academic research are not eligible. The grant is specifically for technology solutions aimed at Proof of Concept, prototype development, validation, or pilot studies with a clear path to commercialization and social impact.

What can the grant funds be used for?

Grant funds can cover expenses such as outsourcing for R&D, design engineering, consultancy, testing, raw materials, fabrication, manpower (up to 10%), and patent filing costs (up to 10%). Funds cannot be used for loan repayments, rent for own accommodation, new infrastructure creation, or expenses incurred before the project start date.

Is intellectual property (IP) ownership a requirement?

Yes, grantees are required to ensure they possess all necessary IP rights (including any licenses or assignments) to advance their technology. They may also need to demonstrate Freedom to Operate, which could be a condition precedent for grant disbursement. However, grant funds cannot be used to procure technology licenses or assignments.

What is the duration of the program and the project?

The project duration supported by this grant and incubation program is a maximum of 6 months. This intensive period is designed to accelerate the development and validation of the technology and business model.

The BRBNMPL-Venture Center CSR Collaboration Grant is a unique initiative designed to empower entrepreneurs and startups at the forefront of science-based innovations with significant social impact. Supported by Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) through its Corporate Social Responsibility activities, this program provides crucial funding and comprehensive incubation support from Venture Center.

The primary objective is to foster technology incubation and support technology entrepreneurs associated with Venture Center, an incubator recognized by the Central Government (DST-NSTEDB and DBT – BIRAC). The program specifically promotes the development and application of modern and advanced technologies to address pressing socio-economic challenges, particularly within the sustainability domain.

This grant program is structured to validate technology and products by supporting essential stages such as prototype development, pilot studies, and field trials. It also aids in exploring potential markets, assessing the commercial viability of specific applications, and ultimately attracting investor interest for the startup company or potential licensors for the technology. Beyond financial support, the program emphasizes building a robust ecosystem, including a strong network of peers, mentors, investors, and other service partners, crucial for the sustained growth of the participating entrepreneurs. The program's duration is set for 6 months, ensuring focused and accelerated development for selected projects.

The selection of grantees for the BRBNMPL-Venture Center CSR Collaboration Grant is meticulously overseen by a dedicated Project Oversight Committee (POC), constituted by Venture Center. This committee is responsible for evaluating all applications and making final selection decisions.

Selection criteria include the technical soundness and feasibility of the proposed technology, its potential for significant social impact, and the underlying business opportunity. The capabilities and background of the applicant's team, along with the knowledge intensity, novelty, or IP potential of the innovation, are also critical factors. Exceptional cases may be considered on their individual merits. Shortlisted candidates are required to present their project proposals directly to the POC, allowing for an in-depth assessment of their vision and plans.

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