Deadline: 5 February 2016
National Science and Technology Entrepreneurship Development Board is seeking applications for its Innovation- Science and Technology Entrepreneurship Development (i-STED) program to work with organizations which specializes in scaling up and translation of various market feasible technological innovations by promoting entrepreneurship and innovation led enterprises.
The program aims to identify challenges and issues in an area/industry/cluster and its solutions based on technological interventions and innovative approaches. These solutions needs to be further aligned with entrepreneurial opportunities to generate socio-economic development. The projects under the program would aim to demonstrate better avenues for creation of sustainable enterprises, and generation of jobs connected with the proposed technological solutions. The projects would also target to demonstrate sizeable impact creation in five year time frame.
Objectives
- To identify and address, key challenges and problems for specified geographical region (s)/ industry sector or cluster /society covering both rural and semi-urban areas i.e. gaps in innovation to market value chain.
- To tap fully developed and validated technologies from different sources such as traditional sectors /existing clusters, R&D institutions, technology providers, local innovations and solution oriented R&D etc. having good market potential.
- To explore and promote entrepreneurial opportunities in a systematic manner which may arise for commercial application of various products/services developed through above technologies.
- To improve performance of existing enterprises through systematic application of innovative S&T interventions.
Selection Criteria
- Operational Experience: Organisation should be in operation for at least 3 years as per the date of registration/establishment.
- Financial Position: Minimum Turnover of Rs. 50.00 lakhs as per the balance sheet of last financial year.
- Domain Experience: Min. 3 years in execution of projects on popularization of innovation through entrepreneurship and enterprise promotion. Organization must have successfully executed project with similar objective and proposed budgetary value.
- In house Expertise: Full time team with qualified professionals having essential work experience in the related field. Experience in entrepreneurship and market related an activity is also desirable.
Eligibility Criteria
- The i-STED proposal should be submitted by Indian Organization/ Institutions having not for profit legal status or for profit institutions promoted by national financial institutions banks and Govt. Organizations i.e Technical Consultancy Organisations, with high credibility evident from elaborate work done and proven track record in development and promotion of technology based solutions, and imparting requisite training and nurturing entrepreneurship.
- The applicant organization should be fully developed and operational infrastructure for training, technology validation, demonstration in the proposed region, Infrastructure includes training halls, demonstration space, computing facilities, Audio-visual classroom facility etc.
- The applicant organization should have fulltime trained manpower in the selected area of technology.
- The applicant organization should have experience of working in the domain of S&T based enterprise creation.
How to Apply
Interested applicants can post and email their project proposals at the address given on the website.
For more information, please visit i-STED Program.
