National Initiative for Developing & Harnessing Innovations (NIDHI)
Are you an entrepreneur, Innovator looking for funding support to scale you business. CIBA provides funding support to early-stage startups through National Initiative for Developing and harnessing (NIDHI) Seed Support Program. Supported by National Science & Technology Entrepreneurship Development Board (NSTEDB). The basic idea of seed support is providing financial assistance to potential startups with promising ideas, innovations, and technologies.
This would enable some of these incubatee startups with innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel/Venture capitalists or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support disbursed by an incubator to startups is positioned to act as a bridge between the development and commercialization of innovative technologies/products/services in a relatively hassle-free manner.
The startups are supported primarily on the following aspects:
- Product development
- Testing and Trials
- Test Marketing
- Professional Consultancy
- IPR issues
- Manpower for day to day operations