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
- 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