Apply for Seed funding and Incubation at NSRCEL @ IIM Bangalore

[Saifi Khan]

NSRCEL @ IIM Bangalore is inviting proposals under the TIDE Scheme
supported by Department of Information Technology for both incubation
and angel funding.

Eligibility

Entrepreneurs with an unique, patentable product based idea in the
fields of Electronics and Information & Communication Technology –
both software and hardware-can apply.

Details of the Scheme

· Rs. 25 Lakhs is the maximum seed funding available for each
company. Between 40-60% of the funds will be in the form of equity (on
a valuation recommended by DIT that is mutually agreed and finalized)
and the rest in the form of soft loan

· In addition, the company must provide 5% equity to the
incubator for incubation services.

Please see the attached document or alternatively it can be
downloaded from
http://www.nsrcel.org/home/

--


All entrepreneurs may want to take a look at this opportunity !



--
thanks
Saifi.