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Reports name /title Funding scheme detail
Report was generated on 23 Jun 2021 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20210204104316
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
Quality Testing and Certification Support Scheme for startups
OrganizationMaharashtra State innovation Society
Source of fundingGovernment
SchemeQuality Testing and Certification Support Scheme for startups
Type of fundingOther
Funding Amount200000
Descriptionupto 2 lakhs
Range of fundingUnder Rs 10 lakh
Target investeesstart ups in Maharshtra
Note
PurposeTesting and certification of products for quality and assurance are an important and critical part of business for startups. However, these costs are high for startups in their formative years. The Scheme ensures that Government of Maharashtra will be reimbursing a part of quality testing costs incurred by Startups at NABL or BIS recognised labs. Under this Scheme, DPIIT-registered startups incorporated in Maharashtra, with a lifetime annual revenue in any financial year of less than INR 1 crore and funding of less than INR 3 crores shall be eligible for support of maximum up to INR 2 lakhs, subject to maximum 80% contribution by MSInS. This Scheme shall increase the competence of startups in product development and will also help them become more competitive in the domestic and export markets.
Focus area
Provides Funds For D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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