Question

Which type of costs are explicitly excluded from being covered by 'R&D Grants'?

• A. Material costs
• B. Manpower or hiring costs
• C. Prototype development costs
• D. Testing equipment costs

Answer 1

Answer:

B. Manpower or hiring costs

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.