SISFS (Startup India Seed Fund Scheme)
The Startup India Seed Fund Scheme (SISFS) is an initiative launched by the Government of India to provide financial assistance to early-stage startups, helping them with proof of concept, prototype development, product trials, and commercialization. It aims to bridge the gap in funding between the ideation and growth stages of startups by offering seed funding of up to INR 50 lakh. The scheme targets startups in sectors like biotechnology, agriculture, healthcare, and technology, among others, and is disbursed through approved incubators across the country. This initiative is designed to promote innovation, boost entrepreneurship, and create a robust startup ecosystem in India.
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NIDHI PRAYAS (National Initiative for Developing and Harnessing Innovations)
NIDHI PRAYAS is an initiative under the National Initiative for Developing and Harnessing Innovations (NIDHI) program, implemented by the Department of Science and Technology (DST), Government of India. It aims to support innovators and startups in transforming their ideas into prototypes by providing early-stage funding and resources. The PRAYAS program (Promoting and Accelerating Young and Aspiring Innovators and Startups) offers a grant of up to Rs. 10 lakh to innovators, helping them build prototypes for market validation. The initiative focuses on nurturing technology-driven solutions in various sectors and fostering an entrepreneurial ecosystem in India.
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NIDHI EIR (Entrepreneur-in-Residence Program)
NIDHI EIR (Entrepreneur-In-Residence) is a sub-program under the National Initiative for Developing and Harnessing Innovations (NIDHI) by the Department of Science and Technology (DST), Government of India. It aims to inspire and support budding entrepreneurs by providing a monthly fellowship of up to Rs. 30,000 for 12-18 months, helping them pursue their startup ideas full-time. The program targets individuals in the early stages of their entrepreneurial journey, offering financial assistance, mentoring, and incubation support to turn innovative ideas into successful ventures. The goal is to reduce the risk of starting new ventures and build a robust entrepreneurial ecosystem in India.
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NIDHI SSP (Seed Support Program)
NIDHI SSP (Seed Support Program) is a key component of the National Initiative for Developing and Harnessing Innovations (NIDHI) by the Department of Science and Technology (DST), Government of India. The program provides financial support in the form of seed funding to early-stage startups to help them bridge the gap between prototype development and market entry. NIDHI SSP offers funding up to Rs. 1 crore, enabling startups to meet critical expenses such as product development, marketing, and business expansion. The aim is to nurture high-potential startups, reduce financial risks, and foster a thriving ecosystem of innovation and entrepreneurship in India.
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NIDHI Xlerate 3.0
NIDHI Xlerate 3.0 is an advanced pre-incubation initiative under the National Initiative for Developing and Harnessing Innovations (NIDHI) by the Department of Science and Technology (DST), Government of India. It is designed to empower academic institutions in building and supporting student-driven innovation and entrepreneurship. The program focuses on enhancing the capacity of Technology Business Incubators (TBIs) and academic institutions to foster high-quality, technology-driven startups. Xlerate 3.0 provides mentorship, networking opportunities, and funding support to early-stage entrepreneurs, helping them transform innovative ideas into scalable and commercially viable ventures. The initiative plays a crucial role in promoting innovation ecosystems within academic environments.
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TIDE 2.0
TIDE 2.0 (Technology Incubation and Development of Entrepreneurs) is a program initiated by the Ministry of Electronics and Information Technology (MeitY), Government of India, to promote technology entrepreneurship in the field of Information and Communication Technology (ICT). The program aims to support startups working in areas like electronics, IT, cybersecurity, artificial intelligence, and other emerging technologies. TIDE 2.0 provides financial and infrastructural support through a network of 51 incubation centers across India, offering grants of up to Rs. 7 lakh for early-stage startups and up to Rs. 40 lakh for scaling ventures. The program is designed to nurture a robust startup ecosystem, encourage innovation, and create job opportunities in the ICT sector.
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BIRAC SEED (Biotechnology Industry Research Assistance Council)
BIRAC SEED (Sustainable Entrepreneurship and Enterprise Development) is a funding initiative by the Biotechnology Industry Research Assistance Council (BIRAC), a public sector enterprise under the Department of Biotechnology (DBT), Government of India. The SEED fund is aimed at supporting early-stage biotechnology startups by providing them with seed capital to help bridge the gap between ideation and commercialization. The program offers financial assistance of up to Rs. 30 lakh, enabling startups to work on critical areas such as product development, validation, scaling up, and market entry. By fostering innovation in biotechnology, BIRAC SEED aims to create a sustainable entrepreneurial ecosystem and boost the growth of biotech startups in India.
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BIRAC LEAP
BIRAC LEAP (Launching Entrepreneurial Driven Affordable Products) is a funding initiative by the Biotechnology Industry Research Assistance Council (BIRAC) under the Department of Biotechnology (DBT), Government of India. It is designed to support late-stage startups and Small and Medium Enterprises (SMEs) in the biotechnology sector by providing them with the necessary resources to scale their innovations and bring products closer to market readiness. LEAP offers funding of up to Rs. 1 crore to help startups with activities such as validation, regulatory compliance, market entry, and commercialization. The initiative aims to accelerate the growth of biotech startups, enhance their market competitiveness, and contribute to the development of affordable, innovative products in the healthcare, agriculture, and industrial biotechnology sectors.
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INVENT (Innovative Ventures and Technologies for Development)
Innovative ventures and technologies for development focus on leveraging cutting-edge solutions to address global challenges, particularly in underserved or developing regions. These initiatives often combine entrepreneurship, technological advancements, and social impact to create sustainable, scalable solutions that improve quality of life. Examples include renewable energy projects, fintech solutions for financial inclusion, and agricultural technologies that enhance food security. By fostering partnerships between private sector, governments, and communities, such ventures promote economic growth, social equity, and environmental sustainability, driving progress toward global development goals.
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MSME (Ministry of Micro, Small & Medium Enterprises)
Micro, Small, and Medium Enterprises (MSMEs) are crucial drivers of economic growth, employment, and innovation, especially in developing economies. These businesses, which range from small family-run ventures to growing startups, often have limited resources but play a significant role in fostering entrepreneurship and local economic development. MSMEs contribute to job creation, income generation, and poverty alleviation, providing opportunities for communities and reducing income inequalities. However, they frequently face challenges such as limited access to finance, markets, and technology. Supporting MSMEs through policies, financing, and capacity building is essential for sustainable economic development.
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SIIP (Systematic Investment Insurance Plan)
The Social Impact Investment Program (SIIP) is an initiative designed to promote investments that generate both financial returns and positive social or environmental impacts. It encourages the allocation of capital to projects or enterprises that address critical societal challenges such as poverty, education, healthcare, and sustainability. SIIP typically involves partnerships between governments, private investors, and non-profits to create an ecosystem where innovative solutions to social issues can thrive. By focusing on measurable outcomes, SIIP aims to blend philanthropy and traditional investment models, fostering sustainable development and inclusive economic growth while addressing pressing social needs.
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BIG (Biotechnology Ignition Grant Scheme)
The Biotechnology Ignition Grant (BIG) is a flagship program by the Biotechnology Industry Research Assistance Council (BIRAC) in India, aimed at nurturing and supporting early-stage biotech startups and innovators. BIG provides financial assistance to transform innovative ideas in the biotechnology sector into viable business ventures. The program focuses on enabling proof-of-concept and prototype development across various fields such as healthcare, agriculture, industrial biotech, and environmental sustainability. By offering mentoring, funding, and access to industry networks, BIG helps entrepreneurs bridge the gap between research and commercialization, fostering innovation and growth in India's biotechnology ecosystem.
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BRTC
Bitcoin (BTC) is a decentralized digital currency created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network using blockchain technology, a public ledger that records all transactions. Unlike traditional currencies, Bitcoin is not controlled by any central authority or government. Transactions are verified by network nodes through cryptography and recorded in the blockchain. Bitcoin has a finite supply of 21 million coins, making it deflationary. It is primarily used as a store of value and medium of exchange, though its price is known for high volatility.
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iDEX
iDEX is a decentralized exchange (DEX) platform that allows users to trade cryptocurrencies directly from their wallets without needing an intermediary. Built on blockchain technology, iDEX facilitates peer-to-peer trading of tokens, often leveraging Ethereum or other smart contract platforms. It combines features of both decentralized and centralized exchanges by providing a user-friendly interface with the security benefits of decentralization. iDEX offers real-time trading, order book management, and liquidity aggregation, making it more versatile compared to many other DEX platforms. Users retain control of their private keys, ensuring higher security and reducing the risk of hacking or theft.
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MSME Hackathon
The MSME Hackathon is an innovation-driven event aimed at fostering solutions to challenges faced by Micro, Small, and Medium Enterprises (MSMEs). It typically gathers entrepreneurs, developers, industry experts, and innovators to collaborate and create technological or business solutions that improve the efficiency, scalability, and sustainability of MSMEs. Participants often work on areas like digitalization, supply chain management, financing, market access, and other critical aspects of the MSME ecosystem. These hackathons are often supported by government bodies, industry associations, or tech firms, providing participants with mentorship, resources, and the opportunity to develop their ideas into viable business models or products that benefit the MSME sector.
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