Seed funding support for incubatees

This is not an open call. It describes the routes through which incubatees of TBI NITC can be put up for seed funding once they are inside the incubator.

What you get

• A scheme funded by the central electronics and IT ministry, which the incubator may operate as a soft loan or as a mix of loan and equity
• The incubator's own incubation fund, operated as a soft loan at a nominal rate of interest
• A Technology Development Board seed fund, with its own management committee for selecting and monitoring companies
• The Ministry of MSME's grant under its incubator scheme, for product-development proposals

Who can apply

• Companies already incubated at TBI NITC

How selection works: each route has its own committee. For the MSME route, product-development proposals are first selected by a managing committee made up of the incubator's executive committee members, the head of the state MSME Development Institute and an industry expert, then forwarded to the Development Commissioner (MSME), who runs a second round of selection.

How to apply: there is no separate form. Get into the incubation programme first, then raise funding with the incubator. Treat the published detail as background rather than a live offer: the page uses the electronics department's pre-2016 name and gives no sanction dates, so ask at tbi@nitc.ac.in what is currently available.