National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology (DST), Govt. of India is supporting Technology Business Incubators primarily in and around academic, technical and management institutions to tap innovations and technologies for venture creation by utilizing expertise and infrastructure already available with the host institution. Accelerator is a typically a 3-6 months’ fast track structured program helping ideas get accelerated to the next orbit. An accelerator aims at achieving one or more of the following objectives - introduction to entrepreneurial development to identify business opportunities (real problems that require real solutions), validate product ideas, engage with potential customers, build a scalable business model, build a product demonstration, manage team dynamics and pitch to investors. The Accelerators can be used to boost the Incubator’s existing activities to build attractive high quality startups, and have a customer centric validation model which enhances investment readiness as well as worthiness.
Eligibility: The proposal for running an Accelerator Program may be submitted by a TBI having NSTEDB recognition and experience of running at least one program of national / regional scale of promoting entrepreneurship (including accelerator or entrepreneur development program).
Funding Grant: NSTEDB considers support of up to 2 Accelerators every year (with a 2-9-month duration) for every TBI and support uptoRs 1.50 crores per year per TBI. Time Period: NSTEDB considers support of up to 2 Accelerators every year.