VentureStudio, Ahmedabad University is hosting a seed fund with a corpus of Rs 2 crore under the scheme “Seed Support System for Start-ups in Incubators” of the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology.
The Seed Support is for current incubatees (physical resident units within VentureStudio) of VentureStudio. The funds are meant for early stage funding for indigenous ideas and technologies requiring up-scaling and related work.
An expert committee called the NIDHI-Seed Support Management Committee (NIDHI-SSMC) constituted by VentureStudio would evaluate the prospective incubatee under physical incubation requiring seed support.
The selected Startups would also be continually monitored by the expert committee.
Applications for the seed fund will be reviewed based on criteria such as (but not limited to):
Quantum of financial assistance to the incubated entrepreneur
Broad Areas to be covered under the financial assistance include:
The seed fund is only for
Criteria for applicants: