Modes of Funding

The mandate of TDB is to provide financial assistance to the industrial concerns and other agencies attempting development and commercial application of indigenous technology or adopting imported technology for wider domestic application. The financial assistance can be in form of Grants and Conditional Grant.

Grant:

TDB may provide financial assistance by way of grants to industrial concerns and R&D institutions engaged in developing indigenous technologies on a “Reimbursement Basis”, for costs already incurred on a proportionate basis.

Conditional Grant:

TDB may provide financial assistance by way of Conditional grants (Royalty Based) to industrial concerns. Repayment of Conditional Grant will be based on the total incomes resulting from the Product developed in the joint project, at a rate of no less than 2% and no more than 5% per year, until the conditional grant is fully repaid.