IIM Calcutta Innovation Park has chalked out plans to incubate 100 start-ups by 2020, of which 40 would be funded by the Department of Science and Technology (DST) and DFID. IIM-C Director Saibal Chatterjee said that the Innovation Park, which started two years ago, has provided seed capital to s…
Tag: Department of Science and Technology (DST)
Young entrepreneurs to get more funding from govt
To support young entrepreneurs, the central government will launch ‘special funds’ for those in the 16-21 years and 21-26 years age groups. “It’s on the drawing board. We have accumulated funds worth Rs 9,000 crore under the technology cess category, and we want to use this. We might launch incub…
To give fillip to startups government to double incubation centres
The government has embarked upon an ambitious project of doubling incubation centres in next 4-5 years to give innovation a boost. The Ministry of Science and Technology has also increased by a whopping 450 percent the budget for the start ups and innovation centric initiatives from Rs 40 crore t…
Intel India, DST, IIT-Bombay planning hardware startup incubator plugin
Intel India, Department of Science and Technology (DST) and IIT Bombay’s SINE, is launching a new a hardware startup incubator called Plugin to support hardware and systems-based startups through mentoring, training, lab facilities, hardware kits, prototyping, business services and funding.…
Government raises fund limits to seed start-ups
The Department of Science and Technology (DST) may invest up to Rs. 1 crore in every fresh start-up that it will seed from the next financial year, Ashutosh Sharma, Secretary, DST said. The DST’s outlay for seeding has been increased four-fold—from Rs. 40 crore to Rs.180 crore—in the coming finan…