What are Grants? 

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.

In order to enhance the competitive strength of SMEs, the scheme provides financial incentives to those SMEs/ancillary undertakings that have acquired ISO 9000/ISO 14001/HACCP certification through reimbursement of the expenditure incurred. The scheme is enlarged so as to include reimbursement of expenses in the acquisition of ISO 14001 certification.

Venture Capital Fund is a Social Sector Initiative to be implemented nationally in order to promote entrepreneurship among the Scheduled Castes population in India. “Entrepreneurship” relates to entrepreneurs managing businesses which are oriented towards innovation and growth technologies. The spirit of the above mentioned fund is to support those entrepreneurs who will create wealth and value for society and at the same time promoting profitable business.

TePP provides grants at various stages - conceptualization, fabrication, development, trial, and application upto commercialisation.

The Procurement and Marketing support Scheme would promote and educate MSMEs by organising trade fairs/awareness programs about GeM portal, Online services and other services. The scheme also encourage Micro and Small Entreprises to develop domestic markets and find new ways of  promotion of new market access initiatives. It will also cover activites required to facilitate market linkages for effective implementation of Public Procurement Policy for MSEs Order of 2012.

Biotechnological research and development in India is largely carried out by academic institutions (universities/research organizations) and to some extent by industry (mostly large companies). By virtue of their strong infrastructure & technical capability academic/ research establishments are mandated to research on variety of problems of national importance and societal relevance. Also, unlike industry, research by academia is not governed by commercial gains alone thus allowing them to work on problems involving even high degree of risk. To encourage/support academia to develop technology/product (up to PoC stage) of societal/ national importance and its subsequent validation by an industrial partner, BIRAC has launched PACE (Promoting Academic Research Conversion to Enterprise). The scheme has two components as below: 1. Academic Innovation Research (AIR): The objective of Academic Innovation Research (AIR) scheme is to promote development of Proof-of-concept (PoC) for a process/product by academia with or without the involvement of industry. 2.Contract Research Scheme (CRS): Contract Research Scheme (CRS) aims at validation of a process or prototype (developed by the academia) by the industrial partner.

BIRAC has launched the Product Commercialization Program Fund (PCP Fund) under the BIRAC Product Commercialization Program (PCP). To hasten the market launching and large scale commercialization process of BIRAC supported products/ technologies from Start-ups having high commercial potential or societal impact by providing financial assistance by way of Grant-in-Aid assistance.

The Objective of this fund is to provide concessional finance to the entities of the SC entrepreneurs. With a view to developing entrepreneurship amongst the SC/Divyang youth and to enable them to become 'job-givers’, Ministry of Social Justice, Government of India had launched the Venture Capital Fund for SCs (VCF-SC) in 2014-15. Under this fund, 117 companies promoted by SC entrepreneurs have been sanctioned financial assistanceto set up business ventures.