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Funding Available under Incubation Program in India

Deadline: 10-Oct-22

TiHAN-IIT Hyderabad is pleased to launch a call for proposals for Incubation Program-EIR/Seed Support System/Start-up.

DST NM-ICPS Technology Innovation Hub on Autonomous Navigation and Data Acquisition Systems (UAVs, ROVs, etc.) –TiHAN at IIT Hyderabad importantly focuses on the research, design, and development of autonomous navigation and data acquisition systems for UAVs, ROVs, etc. With a synergistic industry and academic collaborations, the hub aims at realizing the utilization of autonomous navigation and data acquisition systems. Hence, the hub would like to invite proposal for Entrepreneur in Residence (EIR)/ Seed Support System (SSS)/ Startups funding in the following thrust areas or verticals, but not limited to:

  • Autonomous and Intelligent Navigation Systems for Ground, Aerial, and Water Surface Vehicles; Applications of Autonomous Navigation Technologies in Agriculture, Infrastructure Monitoring (Power Line, Constructions, Pipelines, Railway Tracks, etc.), Surveillance (Maritime, Airtime, Terrestrial), and Environmental Monitoring (Air, Water, Industrial Pollutants, etc.).

The proposals should aim towards translational technology research and development, considering the commercialization aspects in the aforementioned areas. The proposals can focus on the development of one or more technological aspects (provided below) for usage in the afore-mentioned thrust areas:

  • AI/ML Frameworks for autonomous navigation and efficient multi-sensory data aggregation using Unmanned Aerial Vehicles (UAVs), Remotely Operated Vehicles (ROVs), etc.
  • IoT and CPS architectures for efficient usage of UAVs, ROVs, etc., in the Indian context.
  • Communications and Networking for Autonomous Navigation like DSRC, CV2X, etc.
  • Efficient edge computing architectures for multi-sensory information processing
  • Robotics related to autonomous systems
  • Design for Smart Mobility (aerial/terrestrial)
  • Autonomous vehicle swarms and their applications
  • Control, Power, and design aspects of UAVs, ROVs, etc.
  • Connected unmanned aerial/terrestrial/underwater/underground systems
Funding Information
  • Entrepreneur in Residence (EIR): The financial aid will be up to INR 10 Lakhs for the accepted proposal.
  • Seed Support System (SSS):  The financial aid will be up to INR 50 Lakhs for the accepted proposal.
  • Startups: The financial aid will be up to INR 25 Lakhs for the accepted proposal.
Eligibility Criteria
  • Entrepreneur-In-Residence (EIR):
    • The EIR applicant should be a citizen of India.
    • An Indian citizen is defined as one who is in possession of a government-approved proof of nationality such as a valid passport, voter’s id, etc.
    • The EIR applicant should have completed/pursing of formal full-time undergraduate/postgraduate/Ph.D./Post-Doctoral Fellow education programme and relevant experience is mandatory.
    • Applicant should have a scalable Technology based business idea in a prescribed format.
  • Seed Support System (SSS)
    • Applicant must be an Indian company registered under the Companies Act or comply with the definition of Start-up as per the latest notification of DIPP.
    • [Indian company: 51% or more shareholding is with Indian citizen or a person of Indian origin].
    • There must be at least one dedicated entrepreneur involved in the Venture. There must be a formal business plan.
    • The venture and the team must have high ethical & professional Standards.
    • The venture must have a strong technology/knowledge component and EHS requirements must be met.
    • Key Proof-of-Concept must be demonstrated & must be reproducible.
    • The venture must be registered as a private limited company or must be in the process of registration. The amount of funding will be up to Rs.50 Lakh. The entrepreneur(s) must be willing to share equity in the venture.
    • The seed funds requested must be for activities such as product development, prototyping, scale-up, developing IP portfolio, test marketing, trials, certification, and testing.
  • Startups
    • Applicant must be an Indian company registered under the Companies Act or comply with the definition of Start-up as per the latest notification of DIPP.
    • [Indian company: 51% or more shareholding is with Indian citizen or a person of Indian origin].
    • If applicant is not yet registered as a startup, they are still allowed to participate but are required to get registered if they get selected for the final grant-in-aid. [or] Should have been incubated in an incubation center or technology/ research park supported by the Central or State Government. A letter from the incubation center or technology/ research park should be submitted with the proposal application.
    • The amount of funding will be up to Rs.25 Lakh. The entrepreneur(s) must be willing to share equity in the venture.

For more information, visit https://tihan.iith.ac.in/call-for-proposal-for-incubation-program/