Thread by @Arun_Golaya

This week I’ll cover avenues for financial support for #startups / other industry by the Technology Development Board (TDB) @tdbgoi. Defence *is* one of the areas supported by TDB, but many defence startups are not aware of the scheme.

No…the TDB and TDF are not related. 1/n

https://twitter.com/arun_golaya/status/1637323344243482624

TDB - setup in Sept 1996 under the Technology Development Board Act (1995) - is a statutory body under the Dept. of Science & Technology @IndiaDST. A 1st of its kind organisation within the govt framework, its sole objective is commercializing fruits of indigenous research. 2/n

TDB has been doing good work across multiple sectors. For example, the new terminal at the Chennai airport uses sky lighting domes for building atriums developed by @skyshade__. Skyshade is a TDB beneficiary…as are many others.3/n

If you are a startup - say a #SPRINT winner - which has build a prototype and even cleared trials & you now have orders in hand but need money to set up the production facility. TDB can help! 4/n

The TDB provides equity capital or any other financial assistance for (1) development and commercial application of indigenous technology; or (2) adapting imported technology for wider domestic applications. 5/n

The financial help could be (i) Loans (upto 50% of the project cost); (ii) Equity (upto 25% of the project cost); and / or (iii) Grants. The loans are really lucrative and are provided at 5% simple interest annually. Grants are given in exceptional cases. 6/n

If the loan terms (5%) are lucrative, repayment terms are even better. Repayment starts 01 year after the project is successfully completed & is paid over 4.5 years (09 instalments). The accumulated interest upto the 1st instalment may be distributed over a period of 3 years. 7/n

There *are* some caveats & fine print including the need for collateral etc or sharing of royalty during the loan repayment period, but on the whole the support is substantial and startups should read more about it on the TDB website / contact them. They are very helpful. 8/n

TDB also supports projects for commercialization of technology developed by domestic R&D institutions. An agreement signed with the R&D institution for transfer the technology (ToT) should be attached. Looking at taking ToT from @DRDO_India? TDB can help. 9/n

TDB also handles I4F. This cooperation between @IndiaDST & Israel Innovation Authority (IIA) @ISRLInnovation was started in 2018 to promote, facilitate and support joint industrial R&D between firms from India and Israel. Call for applications is now open. Last date 10 Aug. 10/n

There are *many* such government schemes for helping startups for #atmanirbharbharat. I’ll cover some of them by and by. If you are a @India_iDEX winner (especially a #SPRINT winner 😁😉), and need help with funding #NIIO could point you in the right direction. n/n

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