Guideline for Usage of Funds
- Outsourcing Charges for R&D, Design Engineering, Consultancy, Testing, or Expert cost.
- Raw material, Consumables, or Spares.
- Fabrication or Synthesis charges of working model or process.
- Business Travel and Event participation Fees (Ceiling: 10% of approved project cost).
- Patent filing Cost – PCT (Ceiling: 10% of approved project cost).
- Contingency (Ceiling: 10% of approved project cost).
Ignition Grant Will NOT Be Used For
- Paying the grantee or their relatives.
- Repaying pre-existing loans or other commitments of the innovator.
- Paying rents, creating infrastructure facilities, movable or permanent facilities, etc.
- As a stop-gap arrangement for any other professional pursuits.
Note
The innovators can apply to any one of the i-TBI for ignition grant.