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The 'R & D Grant' is primarily given to which type of startups?

ASoftware startups with innovative algorithms

BHardware startups with a significant R&D component

CBiotechnology startups

DFintech startups

Answer:

B. Hardware startups with a significant R&D component

Read Explanation:

R & D GRANT

  • This is given to hardware startups with a significant R&D component.

  • Up to INR 30 Lakh can be given to each startup, and recommendations for nominees will be made during the quarterly reviews.

  • R&D grants cannot be used for covering manpower or hiring costs.

  • Preference is given to startups that have secured patents or those that are scaling up their product.


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