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AIC-CCMB gets ₹5.25-crore grant by DST to support life sciences start-ups
January 22, 2021
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Start-ups can get up to ₹25 lakh, and in exceptional cases, can be awarded ₹1 crore
The Atal Incubation Centre-Centre for Cellular & Molecular Biology (AIC-CCMB), Hyderabad has been awarded the NIDHI-Seed Support System (Nidhi-SSS) grant of ₹5.25 crore by the National Science & Technology Entrepreneurship Development Board, Department of Science and Technology, GoI.
The scheme aims to ensure timely availability of seed fund to deserving start-ups. Start-ups can get up to ₹25 lakh, and in exceptional cases, can be awarded ₹1 crore.
Development of Covid solutions
AIC-CCMB has successfully supported over 40 life science start-ups in the last three years, all working in the areas of human and animal health as well as industrial biotechnology. Start-ups at AIC-CCMB played a pivotal role in developing Covid-19 solutions for diagnostic, therapeutics and food supplements.
Scheme aims to ensure timely availability of seed fund to deserving start-ups
The Atal Incubation Centre - Centre for Cellular & Molecular Biology (AIC-CCMB) has been awarded the ‘NIDHI-Seed Support System’ (NIDHI-SSS) grant of ₹5.25 crore by the National Science & Technology Entrepreneurship Development Board (NSTEDB) of Department of Science and Technology (DST) on Thursday.
The scheme aims to ensure timely availability of seed fund to deserving start-ups which can get up to ₹25 lakh and in exceptional cases, can be awarded ₹1 crore as seed support in the early stages of their journey for market access and scale-up.
“This grant will support efforts of start-ups and ensure their leads reach the market as life sciences is a very capital intensive field where the development time is longer than any other sector. Time and money required for various validation and regulatory clearances for bringing a product to the market puts a huge pressure on the entrepreneur. We have