Applications are now open for the Ignition Grant under the NIDHI iTBI Scheme at Assam down town University – a golden opportunity to turn your Healthcare and ICT-based innovations (AI, IoT, Blockchain, Robotics, etc.) into reality. This is your opportunity to secure up to ₹10 lakh in funding, along with invaluable support, expert mentorship, and powerful networks that will help fast-track your journey.
Why apply?
- Funding support for Prototypes/MVPs
- Access to R&D labs, co-working spaces & resources
- Mentorship from industry experts
- Networking with investors & entrepreneurs
Non-eligibility:
- To pay the grantee or their relatives.
- To repay pre-existing loans or other commitments of the innovator
- To pay rents, creation of infrastructure facilities like sheds, creation of movable property, creation of permanent facilities, etc.
- As a stop-gap arrangement to support any other professional pursuits.
- Projects related to Pure Software development, e-Commerce, Service solutions, App-based solutions.
- Funding research or student internship in Academic institutions or R&D organizations.
- Proposals for the products having crossed the prototype level are not eligible for support under the Ignition Grant.
- The startup should not have annual turnover exceeding Rs. 25 lakhs for any of the financial years since its inception.
- The startup should not be more than 2 years old.
- Funding for Academic Research