| Multiplier Grants Scheme (MGS) |
| Organization | Department of Electronics and Information Technology (DeiTY) |
| Source of funding | Government |
| Scheme | Multiplier Grants Scheme (MGS) |
| Type of funding | Grant |
| Funding Amount | 20000000 |
| Description | Rs. 2.0 Crores per project and the duration of each project should, preferably, be less than 2 years |
| Range of funding | Rs 2 crore to Rs 10 crore |
| Target investees | Startup, Incubator/Academia/Accelerator having projects in electronics & information technology |
| Note | The 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 |
| Purpose | MGS 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 area | IT/ITES/Communications |
| Provides Funds For | A, B, C, D, E, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
