Apply for Ignition Grant

Guidelines of Ignition Grant

General Criteria

  • The ideas and innovations should be based on technology and science.
  • The product prototype has to be a physical product.
  • Idea or Innovations should have a roadmap towards commercialization.
  • Prototype must be capable of being completed within 12 to 14 months.
  • The ignition grant support can be provided – min Rs. 2.00 lakhs to max. upto Rs.10 lakhs to the innovator/startup
  • Applicants can be individual innovators or early-stage startups.
  • The IP generated if any, should vest with the Innovator or the Start up.
  • Applicants will have ownership of the Project knowhow or IP of the proposed products or right to use knowhow or IP if it is owned by a third party.
  • Innovators should have technical skills or background.
general criteria

Eligibility Criteria

  • An individual innovator without a startup, or a founder of a startup, can apply for ignition grant.
  • In case of an individual innovator applying for grant:
  • Must be an Indian Citizen with government-approved proof of nationality (valid passport, voter’s ID, etc.).
  • Must be a minimum of 18 years of age as on the date of application.
  • In case of a co-founder of a Startup applying for grant:
  • Must be an Indian citizen with government-approved proof of nationality.
  • Must be a minimum of 18 years of age as on the date of application.
  • The startup should be incorporated in India with a minimum 51% equity held by Indian citizens.
  • The startup should not be more than 2 years of existence.
  • Annual turnover should not exceed Rs. 25 lakhs for any financial year since inception.
Not Considered
  • Projects related to Pure Software development, e-Commerce, Service solutions, App-based solutions.
  • Funding research or student internship in Academic institutions or R&D organisations.
  • Proposals for products that have already crossed the prototype level.

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.

Ready to Apply for the Ignition Grant?

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