Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) | StartupGrantsIndia

Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)

National Technical Textiles Mission (NTTM)

Details

Amount

Upto: ₹5,000,000

Provider

National Technical Textiles Mission (NTTM)

Stage

scaling up Stage

About this Opportunity

The Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) aims to support young innovators, scientists/technologists, and startup ventures in the field of Technical Textiles to translate their ideas into commercial technologies/products and make India self reliant. It provides grant-in-aid for functional prototypes or commercialization of technologies.

Eligibility

Individual Applicant: Indian citizen, minimum age 21 years, must be incubated in an Incubator (MoU required for final approval, Letter of Support at application). If employed/associated with an organization, must provide a No Objection Certificate (NOC). Must have a registered company/start-up before grant release. Not eligible if a promoter/shareholder of a Technical Textiles’ Startup Company.
Startup Company: Incorporated as a private limited company or registered as a partnership firm or LLP with turnover less than INR 100 Crores in any of the previous financial years. Working towards innovation/improvement of existing products/services/processes with employment/wealth creation potential. Registered under Indian Companies Act, 1956/2013. Incorporation date not more than 5 years at the time of application. Minimum 51% capital owned by resident Indian citizens/companies. Must have a Project Leader and adequate R&D facility or be associated/incubated at an incubator.