What are Schemes?

Bio-incubation allows harnessing of the entrepreneurial potential of start ups by providing access to infrastructure as well as mentoring and networking platforms that the start ups could use during their fledgling days. The Startup India Action Plan has necessitate creation of new bio-incubation space that are world class and that can provide cutting edge access to the best bio- incubation environs for propelling innovative ideas towards productization. BIRAC’s focus has been creation of a biotechnology startup environment in the country. It has taken a couple of strategic implementation programmes that span from provide funding to early stage ideas through grants, creation of bioincubators at strategic locations (through BioNEST) and extend mentorship and networking opportunities to startups Through BioNEST, BIRAC has supported 20 bioincubators that are at various stages of operationalization with the cumulative area of 200000 sq.ft. Out of this approximately 100,000 sft space is currently active for incubation. The 20 bioincubators are placed either within academic/research clusters or stand-alone incubators either privately funded or funded by State Governments. The new growth in biotech startups would require either scaling of existing bio-incubation space in current biotech hubs or creation of new bio- incubation space at nascent hubs that have the potential to become bigger biotech hubs in the next decade. Further, the creation of new bio- incubation space should be cognizant about the differential needs of varied nature of biotech startups- especially those that are medtech (including medical electronics hardware), biopharma, agri-biotech and biomaterials.

Atal Innovation Mission (AIM) is Government of India’s flagship initiative to create and promote a culture of innovation and entrepreneurship across the length and breadth of our country. AIM’s objective is to develop new programmes and policies for fostering innovation in different sectors of the economy, provide platforms and collaboration opportunities for different stakeholders, and create an umbrella structure to oversee the innovation & entrepreneurship ecosystem of the country.

Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka

The 4th of July 2020 has been quite a historic day for the Indian startups and the gear that the startups of India have got after that day because it is on the same day that the Prime Minister of India, Narendra Modi has announced the launch of the "Aatmanirbhar Bharat App Innovation Challenge". With this launch, PM Modi urged the startups of India to come together and develop ‘Made in India’ applications that will facilitate not only the people of India but the whole world. In his tweet, PM urged all the tech and startup community to come forward and develop world-class mobile applications under the challenge.

KITVEN Fund-3 (Biotech) is a SEBI registered Venture Capital Fund having target corpus of Rs. 35.55 crore. The Fund proposes to undertake investments in companies catering to Biotechnology and such other allied sectors within the State of Karnataka. Currently, the Fund has received commitment from State and Central Government firms/ institutions like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI) and KSIIDC BIRAC.

This is a credit linked subsidy scheme for setting up of coir units with project cost upto Rs.10 lakhs plus one cycle of working capital, which shall not exceed 25% of the project cost. Working capital will not be considered for subsidy. The scheme main objective is to facilitate sustainable development of the Coir Industry in the country and is under the ambit of Minsitry of MSME.

Biotech start up journey, especially for first time entrepreneurs, is full of hurdles, both technological as well as business related such as business plan and market entry strategies, navigating regulatory hurdles, connecting and pitching to VCs and networking with future stakeholders. There is a greater realisation within the biotech community regarding the importance of focused mentorship which can help accelerate nascent biotech start up. BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.

Entrepreneurship Skill Development Programmes are organized regularly to train and make the youth aware of the various requirements and know-how for setting up MSEs. The idea is to bridge the skill divide in the country. These EDPs are generally conducted in ITIs, Polytechnics, and other technical institutions. The idea is to motivate the youth towards becoming job creators rather than job seekers.20% of the ESDPs are conducted exclusively for SC/ST/women and P.H. members of the society. It is a free-of-cost program

Under this scheme the Ministry conducts seminars and reimburses registration fees for bar coding in order to encourage MSEs to use bar-codes.The basic objective of this scheme is to enhance the Marketing competitiveness of Micro & Small Enterprises (MSEs) by way of: Providing 75% of one time registration fee and annual recurring fee (for first three years) paid by MSEs to GS1 India (GS1 India, an autonomous body under Ministry of Commerce & Industry, Government of India is a solution provider for registration for use of Bar Coding. To become a subscriber of GS1 India, all one has to do is fill up the subscription enquiry or registration form and make the necessary payments as registration fee. Details about registration with GS1 India for use of Bar Coding are available on their website www.gs1india.org).Popularising the adoption of bar codes on large scale amongst MSEs, Motivating and encouraging MSEs for use of bar codes through conducting seminars on Bar Code, etc.

The scheme facilitates development of domestic and export markets, skill development and training, empowerment of women, employment/entrepreneurship creation and development, enhanced rawcmaterial utilization, trade related services, welfare activities for the coir workers, etc.

The startups require intensive networking and information about other business ventures. This scheme provides information on business, technology and finance to MSMEs, and also exhibit core competencies of Indian SMEs. This is done through MSME Global mart - www.msmemart.com. These information is available through annual membership of the portal.A free membership plan is also provided with limited access and services and a Gold membership plan for SC/STs is also provided with full access and services, which is free of charge.

The Marketing Assistance Scheme was launched with the main aim of improving the marketing capabilities and competitiveness of the Micro, Small, and Medium Enterprises (MSMEs). The scheme was launched by the Ministry of Micro, Small, and Medium Enterprises.

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.

The India tourism Offices overseas extend advertising support to wholesalers, retailers and other organizations also (like Museums, Clubs, special interest groups, etc.) who wish to organize special India promotions. This is to promote the entreprenuers products or services to the potential international customers.

Biotechnology Industry Partnership Programme (BIPP) is a government partnership with Industries for support on a cost sharing basis for path-breaking research in frontier futuristic technology areas having major economic potential and making the Indian industry globally competitive. It is focused on IP creation with ownership retained by Indian industry and wherever relevant, by collaborating scientists. BIPP supports the development of appropriate technologies in the context of recognized national priorities in the area of agriculture, health, bio-energy, green manufacturing, when the scale of the problem has serious consequences for social and economic development. BIPP is an Advanced Technology Scheme only for high risk, transformational technology/ process development. It is for high risk futuristic technologies and mainly for viability gap funding. The uniqueness of this scheme is that it is for "Break through research" which enables product and process development and is patentable, with IP ownership rights resting with industry.

Indian Renewable Energy Development Agency Ltd. (IREDA) has published a revised refinance scheme under the support by The National Clean Energy Fund (NCEF) elaborating about the revival of the operations of existing biomass power & small hydro power projects affected due to unforeseen circumstances

The department of Animal Husbandry, dairying and fisheries is implemeting Dairy Enterpreneurship Development Scheme (DEDS) for generating self-employment opportunities in the dairy sector, covering activities such as enhancement of milk production,procurement,preservation,transportation,processing and marketing of milk by providing back ended capital subsidy for bankable projects. The scheme is being implemented by National Bank for Agriculture and Rural Development (NABARD)

The Programme extends partial support on a selective basis, for organizing seminar / symposia/ training programmes / workshops / conferences at national as well as international level. The support is provided to Research Institutes/ Universities/Medical and Engineering Colleges and other Academic Institutes/ Professional Bodies who organize such events for the scientific community to keep them abreast of the latest developments in their specific areas. The support is generally given for encouraging participation of young scientists and research workers in such events and publication of proceedings / abstracts for wider dissemination. The Programme also supports S&T Professional bodies.

This scheme seeks to establish independent, trusted third party opinion on capabilities and credit-worthiness of MSEs, and makes credit available at attractive interest rates and will ensure better productivity. Under this scheme (as per the turnover of the MSE) a percent of Rating Agency charges are reimbursed by Ministry of SSI.

ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarate enterpreneurship and also to promote startups for innovation in agro industry

Telecom Technology Development Fund (TTDF) Scheme is aimed for domestic companies and institutions involved in technology design, development, commercialization of telecommunication products and solutions, to enable affordable broadband and mobile services in rural and remote areas.Telecommunication technology products require significantly large funding and long gestation periods for R&D and commercialization including the additional efforts and resources for the products to move from prototype to commercial grade. Government is willing to support industry to build high impact deep tech projects at affordable cost to enable state of the art services for rural areas in the country.