Deadline: 31-May-23
Applications are now open for the NIDHI-Seed Support System, an initiative of the National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology to provide financial support in the form of seed support to startups to aid them with product scaling and commercialization.
Forum for Innovation Incubation Research and Entrepreneurship (FiiRE) has been selected as a centre to facilitate the NIDHI-Seed Support System.
#Fueling TourismTech Innovation: FIRE Facilitated NIDHI SEED Support System tagline – Empowering TourismTech Startups. (SEED Investment for Early-Stage Startups)
By applying for the NIDHI Seed Support Scheme, startups in the TourismTech space can gain access to the necessary funding and incubation support to help them bring their innovative ideas to life. With the financial assistance provided by NIDHI-SS, startups can build a strong financial foundation, attract investment from various sources, and develop technologies and products that can transform the tourism industry and create new opportunities for growth.
Objectives of the NIDHI-Seed Support System
- The main goal of the NIDHI- SEED SUPPORT (SS) PROGRAM is to provide seed support promptly to eligible incubatee startups within an incubator, enabling them to progress their ventures to the next level and succeed in the market.
- The program also assists incubators in expanding their startup pipeline and sharing the accomplishments of their startups, ensuring their long-term operational viability.
Eligibility for Incubatee Startups
Following start-ups are eligible for seed support under this policy:
- Startups applying for this scheme should have a minimum of three months of Physical Virutal Incubation at FiiRE.
- The startup should be a registered company in India.
- Persons holding Overseas Citizens of India (OCI), and Persons of Indian Origin (PIO) would be considered Indian citizens for the purpose of this scheme.
- This scheme is not meant for Indian Subsidiaries of MNC/Foreign companies.
- The shareholding by Indian promoters in the incubatee startup should be at least 51%.
For more information, visit FiiRE.