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.

With Aim of 'Make in India' and 'Zero Defect and Zero Effect' in manufacturing, the government provides credit linked capital investment subsidy. This scheme would facilitate augmenting of investment, productivity, quality, employment, exports and import subsitution in textile industry. It will also indirectly promote investment in textile machinery manufacturing.

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.

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.

Ministry of tourism through this particular aims to project India as a multidimensional tourist destination by inviting the foreign media (stakeholders) to promote the Brand 'India'. This scheme also provides financial assitance to local tourist operators/agencies/travel startups/hoteliers to promote by various activites in NE states and Jammu and Kashmir. The scheme also caters to promotion of unexploited and less visited places. 

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 Ministry of Tourism has a scheme for granting approval to hotel projects from the point of view of this suitability for international tourists. A classification committee set up by the Ministry classifies the functioning hotels under the star system into six categories from star one to five star deluxe. Similarly, the Ministry has a scheme of approving Travel Agents, Tour Operators, Adventure Tour Operators and Tourist Transport Operators, the idea being to encourage quality, standard and service in these categories so as to promote Tourism in India.This is a voluntary scheme open to all bonafide agencies.

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 programmes under the scheme ‘Export Development and Promotion’ aims to support exporters to adopt high tech processing technologies or to upgrade existing level of technologies for high end value addition and to develop capabilities to meet the changing food safety standards in the importing countries. The scheme also caters to promoting the Indian spices exporter by assisting them in promotion of Indian Goods in International Trade Fairs, Seminars, etc. by reimbursing their  expenditure on the same.

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 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.

The programme on Ayurvedic Biology was initiated primarily by the office of the Principal ScientificAdvisor to the Government of India. The programme, now reconceived, is being implemented by the Science and Engineering Research Board (SERB). Against this background, the SERB constituted a Task Force to promote the application of basic sciences in the investigation of Ayurvedic concepts, procedures and products, and nurture the discipline of Ayurvedic Biology.

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.

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.

The scheme aims at creating sustainable entrepreneurship development in the area of Information and Communication Technology (ICT) especially first generation entrepreneurs by fostering nurturing the innovative ideas to commercially viable business prepositions. Entrepreneurs harness the expertise of NSIC in extending hand holding of start-up companies to become successful small enterprises. The scheme also caters to networking between R&D and Industry beneficiaries to create successful commercial ventures.

Technology Development Programmes (TDP) is to convert proof-of-concepts for development of pre-competitive/commercial technologies/ techniques/ processes. The commercialization of these technologies needs further assessment/incubation, which does not fall in the scope of the Technology Development Programme. Transfer of technology developed under the project to the industry should ideally be the onus of the host institutions. Proposals of incremental R&D over the existing technologies may be considered for support. Theme based concept proposals for proof of feasibility will not be considered under TSDP-DST. Only full fledged complete proposals for development of technology/process/product will be considered under TSDP. Projects related to design and development of Software/IT, as required for products and processes, as a part of technology development project shall be considered. Pure software development does not fall in the scope of the programme

TIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance. The Scheme will be implemented through empowering 51 incubators in India and handholding close to 2000 tech start-ups over a period of 5 years. The scheme envisions creating a holistic ecosystem to support technology startups and incubation centers through identifying and creating necessary linkages.

SFURTI is a Scheme of Fund for Regeneration of Traditional Industries. Ministry of MSME has launched this scheme in the year 2005 with the view to promote Cluster development. KVIC is the nodal Agency for promotion of Cluster development for Khadi as well as for V.I. products. As on date, a no. of 76 Clusters have come up as per the scheme and many of these clusters have been completed. The Revamped SFURTI Cluster will intensify the sustainability of the programme beyond the project period through creation of Special Purpose Vehicle (SPV) or deemed SPV. Further, the revamped guideline has added many new features for all round development of SFURTI clusters