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Funding Opportunities at down town Venture Labs

  1. Interest Free Soft Loan: This funding opportunity enables any budding startup from North Eastern Region to avail an interest free soft loan of 2 lakh and above. The applicant needs to apply through AdtU website with the required details. The application will be evaluated by the committee and future course of action will be decided after a presentation by the applicant.
  2. MeitY TIDE 2.0 EiR (Entrepreneur in Residence) Grant: The main objective of the program is to nurture the students & startups innovation by validation and development of their idea. The program provides a support platform for the aspiring entrepreneurs to develop their innovation through a technology enabling environment having access to a fellowship grant of 4 lakhs, networks, mentors and other fellow entrepreneurs.
  3. MeitY TIDE 2.0 Grant (for prototyping): The program mainly targets a valid Proof of Concept (PoC)  to be transformed to prototype or a Minimum Viable Product (MVP) by providing ample opportunities and support in terms of product development assistance, access to technical experts and mentoring. Thus the program provides facility for the development of PoC/ready product thus bridging the gap between idea and prototype funding.

 

Other Startup Support

  1. Business planning support: Assistance in converting the idea into a sustainable business model in the long run.
  2. Mentoring: Dedicated expert from the same field who will handhold with their expertise throughout the period of idea implementation into a business.
  3. Legal assistance: Assistance in company registration, compliance with statutory laws, permissions etc. depending upon nature of business.
  4. Networking for future funding: Once the initial phase of business establishment is completed and the company is operational with returns then linkage with external sources for further expansion will be provided.
  5. Office space: Shared office space for operation of business will be provided within the campus for better work environment.
  6. Other services: Other services like access to laboratories of different departments if the business idea requires such facilities, space for small manufacturing unit, specific training on different subjects under the purview of AdtU etc. may be provided on case to case basis.

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