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  3. BRBNMPL-Venture Center CSR Collaboration Grant
Open to startups registered in India

BRBNMPL-Venture Center CSR Collaboration Grant

Venture Center

About This Scheme

This grant program, supported by BRBNMPL's CSR, offers up to ₹5 Lakh to entrepreneurs and startups developing science-based innovations for sustainability, focusing on proof-of-concept and prototype development within a 6-month incubation period.

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.

Benefits

  • This program provides grant funding of up to ₹5 Lakh per grantee, disbursed in tranches to support critical stages of technology advancement.
  • These funds can be utilized for essential activities such as outsourcing R&D, design engineering, consultancy, testing, raw materials, consumables, fabrication, and even patent filing costs (up to 10% of approved project cost) and manpower (up to 10%).
  • Beyond financial aid, selected startups gain access to Venture Center's state-of-the-art incubation facilities for a 6-month duration.
  • This includes comprehensive incubation support, networking opportunities with a powerful network of mentors and investors, and access to scientific services, prototyping facilities, and analytical support, creating a robust ecosystem for technology validation and commercialization.

How to Apply

Closed

Quick Info

Amount / Funding
Up to ₹5 Lakhs
State / Region
Open to startups registered in India
Ministry / Dept
Venture Center
Tags
GrantEquity-freeNon-repayableIdeaProduct