Support to Startup
Department of Industrial Policy and Promotion (DIPP), GoI enlisted TCGTBI as an empanelled incubator for evaluation of innovation and issuance of recommendation to new technology based start-up companies, which was a pre-requisite for availing government subsidies and facilities under Start-Up India Scheme launched during 2016 by Prime Minister. ISBA formulated a guideline for such evaluation and issue of recommendation by their member incubators on a chargeable basis. TCGTBI received around 40 applications from the new start-ups for such recommendation. A sui-generis modality for such recommendation process, mostly in line with the ISBA guidelines have been adopted by TCGTBI, which involves engagement of at least one subject knowledge expert specific to the applications on a payment of honorarium basis.
Though this recommendation is not a mandatory requirement these days, but such recognition from the centre would help startup companies to evaluate its potential to be successful by analyzing the innovation component, timeliness of the technology associated and the business viability of the proposal.