Applications Invited for Indus Biotech - Venture Center CSR Collaboration Grant

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About the Organization

Venture Center was set up as an initiative of the National Chemical Laboratory under CSIR's scheme titled "Scheme for setting up incubation centers in CSIR laboratories".

Venture Center was incorporated as “Entrepreneurship Development Center” under Section 25 of the Companies Act, 1956 (now Section 8 under the Companies Act, 2013), and we are an approved incubator of the National Science and Technology Entrepreneurship Development Board of the Department of Science and Technology, Government of India (DST-NSTEDB) and Department of Biotechnology’s (DBT) Biotechnology Industry Research Assistance Council (BIRAC).

About the Grant

Venture Center and Indus Biotech Pvt. Ltd. have teamed up to support technology incubation and technology entrepreneurs in Venture Center’s innovation ecosystem.

• The maximum support that can be provided per project is up to Rs. 5.5 lakhs.
• Project Duration: 6-8 months

Program Scope

• Without limiting scope unduly, the projects and technology entrepreneurs chosen shall be:
• There shall be no restriction on the background of the entrepreneur. However, preference may be given to:
  • The selected entrepreneurs shall be called the “Indus Entrepreneurship Fellows”.
  • If selected, the applicant will become an incubatee of Venture Center after fulfilling the admissions criteria. Venture Center will execute appropriate agreements with the grantee.
  • The applicant should be an incubatee of Venture Center for the entire duration of the Project.
  • Support (to the entrepreneur or his/her startup) can be in different forms and as deemed appropriate by the POC.  The POC can suggest the appropriate mechanism based on a) funds available, b) the need of entrepreneurs, c) strategy for maximizing impact and d) the best and efficient use of funds at any given time.  The CSR grantor (Indus Biotech) has suggested that Venture Center should deploy the funds with flexibility and respond to emerging needs — and not be constrained by the strict and inflexible guidelines. This could include:

• Focused on a leveraging science and technology/ inventions
• Focused on building a sustainable and scalable entrepreneurial venture
• Any other themes suggested by the Project Oversight Committee (POC)

• Women entrepreneurs
• First generation entrepreneurs from under-privileged backgrounds
• Social enterprises (as defined in http://www.venturecenter.co.in/pdfs/VC-Policy-Social-Enterprise.pdf )
• Any other criteria suggested by the Project Oversight Committee (POC)

• Project grants
• Prize money
• Travel grants
• Access to specialized professional services
• Subsistence stipends
• And any others suggested by the POC and allowed by Venture Center policies.

Eligibility

The applicant for Indus Entrepreneurship Fellow (IEF) shall always be an individual. They can however apply for support for a project or initiative related to themselves as the entrepreneur or their startups.

• IEFs (FELLOWS) shall always be individuals
• They or their startups can bid for support for their PROJECTS. (Startups which are not promoted by IEFs will not be eligible to bid. However, such requests shall be considered — subject to them qualifying as IEFs.)

Eligibility criteria for IEFs:

• Applicant or his/her startup should be a resident incubatee,  Associate Incubatee or Ignition member at Venture Center at the time of applying.
• Startups who have received SEED funding from Venture Center are eligible to apply ( VC seed investees / VC portfolio companies )
• Past EIR fellows, Prayas grantees, SIIP fellows, CSR grantees and BIG grantees of Venture Center are also eligible to apply

Eligibility criteria for PROJECTS:

• The injected support (however small) should help the entrepreneur or startup achieve some key milestone or serve as a critical enabler.

How to Apply

CALL OPEN : 10th April to 20th April 2025. APPLY NOW!

For more information please check the Link

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Tags Entrepreneurship Innovations and Technology Others