NMDC i-TIC NICE Program
Call for Application open for NMDC NICE Program Grants!
Applications are invited for DEEP TECH business ideas or prototypes.
Applications are invited for DEEP TECH business ideas or prototypes.
Grant up to 25L.
Grant up to 25L.
Last date for applications : 3rd August, 2020.
Last date for applications : 3rd August, 2020.
NMDC and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program, NMDC Innovation & Incubation Centre [NICE]. This is consistent with the flagship initiative of the Government of India - “Startup India”, intended to build a strong ecosystem that is conducive for the growth of start-up businesses, to drive sustainable economic growth and generate employment opportunities.
NMDC and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program, NMDC Innovation & Incubation Centre [NICE]. This is consistent with the flagship initiative of the Government of India - “Startup India”, intended to build a strong ecosystem that is conducive for the growth of start-up businesses, to drive sustainable economic growth and generate employment opportunities.
NMDC in partnership with i-TIC Foundation, IIT Hyderabad will establish the start-up eco system in the premises of IIT Hyderabad with a focus to foster, nurture and incubate start-up companies with new and innovative ideas in deep technology. NMDC would contribute tentatively Rs 10 Crore for the five-year joint incubation program, and intends to support at least 15 start-ups. The objective of NICE is to promote the spirit of Innovation and Entrepreneurship in the country.
NMDC in partnership with i-TIC Foundation, IIT Hyderabad will establish the start-up eco system in the premises of IIT Hyderabad with a focus to foster, nurture and incubate start-up companies with new and innovative ideas in deep technology. NMDC would contribute tentatively Rs 10 Crore for the five-year joint incubation program, and intends to support at least 15 start-ups. The objective of NICE is to promote the spirit of Innovation and Entrepreneurship in the country.
Salient features of NMDC Incubation program:
Salient features of NMDC Incubation program:
o Total Program budget: Rs 10 Crore
o Total Program budget: Rs 10 Crore
o No. of start-ups to be Incubated: 15 @ 5 per annum
o No. of start-ups to be Incubated: 15 @ 5 per annum
o Incubation Period for each start-up: 2 years extendable by 6 months o Period of Incubation Program: 5 Years
o Incubation Period for each start-up: 2 years extendable by 6 months o Period of Incubation Program: 5 Years
o Start-up Domain: Deep Technology, not limited to any specific domain
o Start-up Domain: Deep Technology, not limited to any specific domain
NMDC Limited and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program,the NMDC Innovation and Incubation Centre (NICE).
NMDC Limited and i-TIC Foundation IIT Hyderabad signed an agreement to support start-ups through a collaborative joint incubation program,the NMDC Innovation and Incubation Centre (NICE).