Question

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

• A. Software startups with innovative algorithms
• B. Hardware startups with a significant R&D component
• C. Biotechnology startups
• D. Fintech startups

Answer 1

Answer:

B. Hardware startups with a significant R&D component

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.