Manufacturing start-ups that have been in existence for at least 6 months may apply before March 8 for seed funding, to the National Research Development Corporation, part of the Department of Scientific and Industrial Research, Government of India.
The background details and eligibility conditions, application form and the investment agreement can be accessed here: http://nrdcindia.com/assets/vendor/filemanager/userfiles/Tenders/Seed2020.pdf
Under this scheme, called Seed Funding for Promoting Manufacturing Start-ups, NRDC will take up to 26 per cent stake in the investee start-up and will not invest more than Rs 30 lakh.
The deadline was first fixed for February 25, but has been extended twice since then.
