To promote emerging technological and knowledge based innovative ventures that seek the nurturing of ideas from professionals..
To promote and support untapped creativity of individual innovators and also to assist Individual innovators to become technology based entrepreneurs
To promote networking and forging of linkages with other constituents of the innovation chain for commercialization of their developments.
Under this scheme Government of India is providing opportunity to the innovators in developing and nurturing their new innovative ideas for the production of new innovative products which can be sent in to the market for commercialization. This Ministry has been implementing this scheme since 2008 under the approved guidelines which permits the Govt. financial assistance of 75 % to 85 % of the project cost up to the maximum average of Rs 6.25 lakh per innovative idea, limited to 10 ideas for Host Institute/Business Incubator(HI/BI). This fund is routed through the HI/BI. Besides, a sum of Rs 37,800/- per idea is released to Host Institute/Business Incubator for infrastructure and training purpose.
IITs, NITs, Engineering Colleges approved by AICTE, Central / State Universities recognized by UGC and other recognized R & D and / or Technical Institutes / Centres, Development Institutes of DIP&P in the field of Paper, Rubber, Machines Tools, etc. are eligible Implementing Agencies for approval in the Scheme. These agencies are commonly known as host institutions/business incubators(HI/BI) after approval in the Scheme..
HI/BIs are exploring the new innovative ideas from the Incubatee of various sectors that may be existing and prospective entrepreneurs. Even the students from the various streams are also participating in nurturing their new ideas through the Host Institutions as a part of their studies and carrier building.
Selection/approval of Host Institutions/Business Incubator (HI/BI)..
Selection/approval of Innovative Ideas applying through approved HI/BI recommended from Local Selection Committee.
Release of GoI assistance to approved Ideas after signing of the agreements and submission of requisite documents.
Achievements from inception
|Year||No. of HI/BI approved||GoI Assistance (Rs. in Crores)|
|2008-09 to 2011-12||73||9.73|
For details of the guidelines of the scheme, application forms and present status of the scheme, Please Click Here
For Detail Contact : Sh. Vinay Adlakha, (Deputy Director) , Email Id : firstname.lastname@example.org , Tel:23062185