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Seed Fund Support Scheme

A Seed Fund Support Scheme has been constituted by PSG-STEP with the support from Technology Development Board (TDB) & National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology, Government of India to extend financial support to technology ventures to cater the early stage requirements.

The financial support will be extended to:

  • Product Development
  • Testing
  • Trial & Test Marketing
  • Filing of Patents

The financial support will also be extended to projects that are in high-risk areas and directed towards commercial realizaton of innovative technologies thereby enhancing the start-ups to a level where thy can be fit for seeking futher financial support from Technology Development Board (TDB) and other investors.

Quantum of Assistance : Rs.50.00 lakhs

Rate of Interest              : 5%

Repayment Period         : 5 years