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NRDC seed funding

Posted 01/04/2023
Description The NRDC proposes to participate in the equity share capital of start-up and early stage growth focused, innovative companies. It proposes to invest in innovative entrepreneurs at the crucial stage where the ventures are just getting off the ground. It is high stake investing, which can result in unexpected returns. The NRDC attempts to create the best possible environment for high impact entrepreneurs to start and grow their business. The scheme supports innovations that has the potential to build and shape the development of technology driven entrepreneurs. Through this scheme, the NRDC would select start ups and early stage companies and provides a part of the capital required, as Seed funding to innovators, who prima facie have the potential to develop into significant technical and commercial entities.
Provider Type Central Govt / State Govt / Private Sector Central Govt
Provider Name National research development corporation
Amount 50 lakhs
Grant Conditions & Qualifying Criteria a) Indian manufacturing Start-ups and early stage growth focused innovative companies (mainly engaged in development and commercialization of new products or new applications of existing products or new technologies or processes) based in Incubators in any State/Central Government supported institutions are eligible to seek seed funding from the NRDC. b) The Company should be incorporated under the Companies Act. c) The incubatee company must have been in existence for at least six months with the incubator, prior to submitting a fund request for seed funding. d) Company/Start-up should be registered with DIPP/DPIIT, Ministry of Commerce and Industry, GoI.
Focus Sector (Healthcare, Defense, Agriculture, etc.)
Provider Contact Email NA
Provider Website URL http://nrdcindia.com/Pages/Seed%20Funding
Type of funding (Grant, Loan or Equity)
Process NA
Tips for Winning NA
Provider Indian State NA
Provider Contact Address
Is Active "Yes"
Other Details