Funding scheme detail

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Reports name /title Funding scheme detail
Report was generated on 27 Sep 2023 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20221216010851
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;
Multiplier Grants Scheme (MGS)
OrganizationDepartment of Electronics and Information Technology (DeiTY)
Source of fundingGovernment
SchemeMultiplier Grants Scheme (MGS)
Type of fundingGrant
Funding Amount20000000
DescriptionRs. 2.0 Crores per project and the duration of each project should, preferably, be less than 2 years
Range of fundingRs 2 crore to Rs 10 crore
Target investeesStartup, Incubator/Academia/Accelerator having projects in electronics & information technology
NoteThe Government grants, for individual industry, would be limited to a maximum of Rs. 2.0 Crores per project and the duration of each project should, preferably, be less than 2 years; for industry consortium these figures would be Rs. 4.0 Crores and 3 years respectively. The contribution of industry and grant-in-aid from DeitY will be given to academic/R&D institution(s) only
PurposeMGS aims to encourage collaborative R&D between industry and academics/ R&D institutions for development of products and packages. Under the scheme, if industry supports R&D for development of products that can be commercialized at institution level, then government will also provide financial support that is up to twice the amount provided by industry. The proposals for getting financial support under the scheme are to be submitted jointly by the industry and institutions.
Focus areaIT/ITES/Communications
Provides Funds For A, B, C, D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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