NIDHI-SSP is promoted by Department of Science and Technology to provide financial assistance to potential startups with promising ideas, innovations and technologies. This initial funding to incubated startups to be provided with an aim to take startups one step ahead in their journey and make them eligible to raise investments from angel/ Venture Capitalists or for loans from commercial banks/ financial institutions.
Thus the proposed seed support disbursed by an AIC-RNTU Foundation to an incubatee is positioned to act as a bridge between development and commercialization of innovative technologies/products/services in a relatively hassle free manner.
AIC RNTU Foundation has partnered with Department of Science & Technology under the NIDHI Seed Support Program with the aim to provide financial support to Early stage startups and make them investment ready. Primarily but not limited to Science & Technology Startups.
Broad Areas to be covered under financial assistance
Technology and Product development.
Market Entry /Scale-Up.
Cost related to Mentoring & IPR issues.
Any other area as deemed necessary and recommended by the Seed Support Management Committee of the incubator.
Terms for Seed Fundings-
Startup must complete 3 Months Incubation at AIC-RNTU Foundation at the time of Investment.
Mode of Investment: Equity or Equity-linked instruments.
Selection and Rejection of Startup will entirely depend on the decision of Seed Support Management Committee (SSMC).