Applications Invited for Indus Biotech – Venture Center CSR Collaboration Grant

About the Organization

Venture Center was arrange as an initiative of the National Chemical Laboratory underneath CSIR’s scheme titled “Scheme for setting up incubation centers in CSIR laboratories”.

Venture Center was included as “Entrepreneurship Development Center” underneath Section 25 of the Companies Act, 1956 (now Section 8 underneath the Companies Act, 2013), and we’re an authorized incubator of the National Science and Technology Entrepreneurship Development Board of the Department of Science and Technology, Government of India (DST-NSTEDB) and Department of Biotechnology’s (DBT) Biotechnology Industry Research Assistance Council (BIRAC).

About the Grant

Venture Center and Indus Biotech Pvt. Ltd. have teamed as much as assist expertise incubation and expertise entrepreneurs in Venture Center’s innovation ecosystem.

• The most assist that may be offered per challenge is as much as Rs. 5.5 lakhs.
• Project Duration: 6-8 months

Program Scope

• Without limiting scope unduly, the initiatives and expertise entrepreneurs chosen shall be:
• There shall be no restriction on the background of the entrepreneur. However, desire could also be given to:
  • The chosen entrepreneurs shall be referred to as the “Indus Entrepreneurship Fellows”.
  • If chosen, the applicant will change into an incubatee of Venture Center after fulfilling the admissions standards. Venture Center will execute acceptable agreements with the grantee.
  • The applicant needs to be an incubatee of Venture Center for the whole period of the Project.
  • Support (to the entrepreneur or his/her startup) may be in numerous kinds and as deemed acceptable by the POC.  The POC can recommend the suitable mechanism based mostly on a) funds out there, b) the necessity of entrepreneurs, c) technique for maximizing affect and d) the very best and environment friendly use of funds at any given time.  The CSR grantor (Indus Biotech) has urged that Venture Center ought to deploy the funds with flexibility and reply to rising wants — and never be constrained by the strict and rigid tips. This may embody:

• Focused on a leveraging science and expertise/ innovations
• Focused on constructing a sustainable and scalable entrepreneurial enterprise
• Any different themes urged by the Project Oversight Committee (POC)

• Women entrepreneurs
• First era entrepreneurs from underneath-privileged backgrounds
• Social enterprises (as outlined in http://www.venturecenter.co.in/pdfs/VC-Policy-Social-Enterprise.pdf )
• Any different standards urged by the Project Oversight Committee (POC)

• Project grants
• Prize cash
• Travel grants
• Access to specialised skilled providers
• Subsistence stipends
• And any others urged by the POC and allowed by Venture Center insurance policies.

Eligibility

The applicant for Indus Entrepreneurship Fellow (IEF) shall all the time be a person. They can nevertheless apply for assist for a challenge or initiative associated to themselves because the entrepreneur or their startups.

• IEFs (FELLOWS) shall all the time be people
• They or their startups can bid for assist for their PROJECTS. (Startups which aren’t promoted by IEFs is not going to be eligible to bid. However, such requests shall be thought-about — topic to them qualifying as IEFs.)

Eligibility standards for IEFs:

• Applicant or his/her startup needs to be a resident incubatee,  Associate Incubatee or Ignition member at Venture Center on the time of making use of.
• Startups who’ve obtained SEED funding from Venture Center are eligible to apply ( VC seed investees / VC portfolio corporations )
• Past EIR fellows, Prayas grantees, SIIP fellows, CSR grantees and BIG grantees of Venture Center are additionally eligible to apply

Eligibility standards for PROJECTS:

• The injected assist (nevertheless small) ought to assist the entrepreneur or startup obtain some key milestone or function a vital enabler.

How to Apply

CALL OPEN : tenth April to twentieth April 2025. APPLY NOW!

For extra info please check the Link