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 Agency: Department of Science & Technology (DST), Govt of India
Area(s): Physical Sciences, Chemical Sciences, Life Sciences & Biotechnology, Earth, Atmosphere & Environment Sciences, Engineering Sciences, Mathematical Sciences, Traditional Knowledge, Agricultural Sciences, Medical Sciences, Astronomy & Space Sciences, Computer Sciences and Information Technology, Other Areas
Financial Incentives: NSTEDB will consider 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 will consider support of up to 2 Accelerators every year
Institution(s) involved: Department of Science & Technology (DST), Govt. of India
Overview: National Science and Technology Entrepreneurship Development Board (NSTEDB), 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 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.
