Open Call: Indus Biotech – Venture Center CSR Collaboration Grant Program (India)

Scope

• Without limiting scope unduly, the projects and technology entrepreneurs chosen shall be:
  • Focused on a leveraging science and technology/inventions
  • Focused on building a sustainable and scalable entrepreneurial venture
  • Any other themes suggested by the Project Oversight Committee (POC)

Funding Information

• The maximum support that can be provided per project is up to Rs. 5.5 lakhs.
• Duration: 6-8 months.

Role and Responsibilities

• The Project Leader shall periodically review projects and report the progress to the POC.

Eligibility Criteria

• The applicant for Indus Entrepreneurship Fellow shall always be an individual. They can however apply for support for a project or initiative related to themselves as the entrepreneur or their startups.
• IEFs Fellows shall always be individuals
• They or their startups can bid for support for their Projects. (Startups which are not promoted by IEFs will not be eligible to bid. However, such requests shall be considered — subject to them qualifying as IEFs.)
• Eligibility criteria for IEFs:
  • Applicant or his/her startup should be a resident incubatee, Associate Incubatee or Ignition member at Venture Center at the time of applying.
  • Startups who have received Seed funding from Venture Center are eligible to apply (VC seed investees/VC portfolio companies)
  • Past EIR fellows, Prayas grantees, SIIP fellows, CSR grantees and BIG grantees of Venture Center are also eligible to apply.
• Eligibility criteria for Projects:
  • The injected support (however small) should help the entrepreneur or startup achieve some key milestone or serve as a critical enabler.
• There shall be no restriction on the background of the entrepreneur. However, preference may be given to:
  • Women entrepreneurs
  • First generation entrepreneurs from under-privileged backgrounds
  • Social enterprises
  • Any other criteria suggested by the Project Oversight Committee (POC)

Selection Criteria

• For Fellows:
  • Preference will be given to first-generation science/engineering based entrepreneur who can communicate his/her passion and commitment to entrepreneurship and demonstrate ability to raise resources and execute on a plan.
• For Projects:
  • Preference will be given to flexible and timely support that will help a startup negotiate a key turning point.

Application Requirements

• Documents to be submitted:
  • Attach CV or Resume
  • Presentation introducing your business venture
  • Proposal describing the specific project for which you require funding and the milestone breakup for 6 months (please include budget details).

For more information, visit Venture Center.