Manufacturing
start-ups that have been in existence for at least 6 months may apply
before March 8 for seed funding, to the National Research Development
Corporation, part of the Department of Scientific and Industrial
Research, Government of India.
The background
details and eligibility conditions, application form and the
investment agreement can be accessed here:
http://nrdcindia.com/assets/vendor/filemanager/userfiles/Tenders/Seed2020.pdf
Under this scheme,
called Seed Funding for Promoting Manufacturing Start-ups, NRDC will
take up to 26 per cent stake in the investee start-up and will not
invest more than Rs 30 lakh.
The deadline was
first fixed for February 25, but has been extended twice since then.
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