Seed Support Scheme

In 2005, Technology Development Board (TDB) took a growth-oriented proactive initiative by starting the Seed Support System for providing financial assistance for Start -ups in Incubators. The Board while approving the Seed Support Scheme had in mind that the incubators are able to support the Incubates requirements of space, services and knowledge, wide gap exists in supporting the typical and specialized capital support to a technology driven start-up which has not been addressed appropriately under the existing mechanisms. The basic idea of the proposed financial assistance is to equip the STEP/ TBI with the much needed early stage financial assistance to be provided to deserving ideas/ technologies.

TDB decided to provide financial support to Technology Business Incubators (TBIs) and Science & Technology Entrepreneurs Parks (STEPs) to extend much needed early stage/start-up capital to young entrepreneurs to incubate and in bring out innovative technology venture ideas under development to fruition and finally to reach the market place. This would enable some of these innovative ideas/ technologies to graduate to a level where they can then be fit for seeking normal lending through TDB/ FI’s route in their way to the successful commercialization process. Thus the proposed assistance is positioned to act as a bridge between development & commercialization of the technologies.

So far TDB has supported the following STEPS/ TBIs:-

Sl. No. Name of the Incubator
1. JSSATE- STEP, Noida (UP) ( 2005-06) & (2010-2011)
2. VIT- TBI, Vellore (2005-2006)
3. TREC- STEP, Tiruchirapalli (2005-2006) & (2010-2011)
4. SINE- IIT, Bombay (2005-2006)
5. CIIE- IIM, Ahmedabad (2005-2006) & (2011-2012)
6. PSG College of Technology, STEP, Coimbatore ( 2007-08)
7. TBI- KEC, Perundurai, Erode ( 2007-08)
8. Amity Business Incubator, Noida (UP) ( 2009-10)
9. SIDBI Innovation and Incubation Centre, IIT Kanpur ( 2007-08) & (2010-11)
10. IITMs Rural Technology and Business Incubator, IIT Madras ( 2009-10)
11. Entrepreneurship Development Centre, NCL, Pune ( 2009-10)
12. Manipal University, Manipal, Karnataka ( 2010-11)
13.Technopark, Trivandrum, Kerala ( 2010-11)
14. IKP Knowledge Park, Secunderabad (AP) ( 2010-11)
15. FITT, IIT Delhi, New Delhi ( 2010-11)
16. eHealth Technology business Incubator, Bangalore ( 2011-12)
17. Banyan Intellectual Initiatives – IIIT, Hyderabad (2011-12)
18. SJCE- STEP, Mysore ( 2007-08)<
19. Agri Business Incubators (ABI) (ICRISAT), Patancheru ( 2007-08)
20. Amrita Technology Business Incubator, Kollam, Kerala (2009-10)
21. EKTA Incubation Centre, Kolkata (2011-12)
22. KIIT -Technology Business Incubator, Bhubaneswar (2011-12)
23. IAN Mentoring and Incubation Services, New Delhi (2011-12)
24. NITK- STEP, Karnataka (2009-10)
25. NDBI, NID , Ahmadabad (2010-11)
26. NIT, Calicut (2010-11)
27. Villgro Innovations Foundation, Chennai (2010-11)
28. MITCON Consultancy & Engineering Services Ltd, Pune (2011-12)
29. Science and Technology Park, University of Pune (2011-12)
30. Technology Incubation and Entrepreneurship Training Society (TIETS)- TBI, IIT Kharagpur (2011-12)
31. Technology Incubation Centre, IIT, Guwahati (Assam)(2011-12)
32. BITS, Pilani, Rajasthan (2010-11)