the objective is to encourage innovators to stimulate commercialization of their inventions and to help in validating proof of concept. idea2poc is given in the form of grant-in-aid but limited to a one time grant of up to inr 50 lakhs. the fund disbursement is milestone based and is released to startup in installments over a maximum period of 2 years. eligible entrepreneurs can apply for the scheme incentive during call for proposal through an online portal. the process has a mix of online and offline process which include: govt. this scheme is implemented through kerala startup mission, which is the nodal agency of govt.
10 lakh per startup as an interest free loan will be given to startups by the state government for a period of 10 years. the financial assistance shall be provided to startups for validation of idea, prototype development, assistance towards travelling costs and carrying out field/ market research/ skill training/ marketing and initial activities to setup a startup etc. seed capital fund scheme is an important component of “sher-e- kashmir employment and welfare programme for youth (skewpy)” which in turn is a path breaking initiative of the government of jammu and kashmir for addressing unemployment in the state. the main objective of the scheme is to motivate, train and facilitate a large segment of educated young men and women to take up entrepreneurship as a career option. it is also an objective of the scheme to invest in various areas of economy to optimally exploit the resources. the department of it and bt has also conducted 6 grand challenges supporting 18 startups with seed funding of rs.
many startups choose to not raise funding from third parties and are funded by their founders only (to prevent debts and startup funding options in india. updated on – 07:37:35 pm. planning to launch your own start-up? some of the well known venture capitalists in india are – nexus venture partners, helion ventures, kalaari capital, How can I get funding for startup India site:www.quora.com&prmd=nvi, seed funding for startups in india, how to get funding for startup india, how to get funding for startup in india from government.
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