Call for Proposals

Call For Proposals for On-Boarding of Startups in Development of Quantum Technologies

To foster and accelerate the growing demands of the Quantum Technology ecosystem in India; the Department of Science and Technology (DST) through I-HUB Quantum Technology Foundation (I-HUB QTF) , the Technology Innovation Hub (TIH) at IISER Pune, under the National Mission on Interdisciplinary Cyber Physical Systems (NM-ICPS) scheme of the DST - is inviting call for proposals from Startups working in the domain of Quantum Technology.

Eligibility: (a) The startup, should be registered by DPIIT at the time of application. If not registered, funds will only be released after successful registration by DPIIT. (b) The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling. (c) The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted. (d) Only ‘Indian Companies’ defined as ‘holding company registered in India’, and ‘IP resides in India’, and ‘majority owned in India’ can apply. (e) Shareholding by Indian promoters in the startup should be at least 51%, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. Any future change in the status as ‘Indian Company’ will be covered in the subsequent incubation agreement if the startup is selected.

 Last date: Saturday, August 31, 2024

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