Fundings

Seed Funding Support to SCTIMST TIMed incubatees

TIMED has been selected under National Initiative for Developing and Harnessing Innovations (NIDHI) programme conceived and developed by Department of Science & Technology, Government of India, to provide early-stage funding support to its Incubatees. To avail the seed support, Incubatee should be an Indian start–up registered in India with minimum 3 months of residency at TIMed. The start–ups would be supported primarily for Product development, Testing and Trials, Test Marketing, Mentoring, Professional Consultancy, IPR issues, Manpower for day-to-day operations, and consequently taking their venture to next level.

Seed Funding under the NIDHI - SSS (National Initiative for Developing and Harnessing Innovations - Seed Support System) programme conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India

• SCTIMST TIMed has been chosen by Department of Science & Technology (DST) as one of the Technology Business Incubator (TBI) for implementation of the NIDHI SSS.  

• The NIDHI SSS at SCTIMST TIMed is managed and monitored under the control and supervision of Seed Support Management Committee (SSMC). 

  The members of Seed Support Management Committee (SSMC) are as follows:- 

  • Director, SCTIMST - Chairperson, SSMC
  • Nominee of NSTEDB/DST, Govt. of India
  • Head, Biomedical Technology Wing, SCTIMST
  • CEO, SCTIMST TIMed, Member Secretary, SSMC
  • FA/ CAO, SCTIMST
  • Mr. Roy Varghese, Founding member, Kerala Angels & Partner Roy Varghese and Associates, Trivandrum
  • Mr. Anand Sarma, Director, KPMG, Cochin
  • Mr. Thomas John, Managing Director, Aggappe Diagnostics Limited, Cochin
  • Mr. Binu Jacob, CEO, Experion Global Pvt Ltd, Technopark, Trivandrum

ELIGIBILITY CONDITIONS 

• Incubatee should be a registered company in India with minimum of three months of residency at SCTIMST TIMed. 
• Incubatee has to be an Indian start-up. The seed support are not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme. 
• The shareholding by Indian promoters in the incubate start up should be at least 51%. 

AREAS UNDER NIDHI SEED SUPPORT ASSISTANCE 

• The start–ups would be supported primarily on the following areas:-
• Product development
• Testing and Trials
• Test Marketing
• Mentoring
• Professional Consultancy 
• IPR issues
• Manpower for day to day operations
• Any other area as deemed necessary and recommended by the Seed Support Management Committee.

TYPES OF FINANCIAL ASSISTANCE 

• There shall be primarily four types of financial assistance such as follows:-
• Debt or Soft Loan
• Quasi-Equity
• Equity
• Any other Financial structure as approved by SSMC

LIST OF INCUBATEES SUPPORTED UNDER NIDHI SSS

SASCAN MEDITECH PRIVATE LIMITED

Registered Office Address:
TC NO. 6/1435, KGRA-C13, NAMPELIL,
CHERUVICKAL, SREEKARYAM P.O.,
THIRUVANANTHAPURAM
KERALA 695017
Website: https://sascan.in/
Domain: Medical Technology Year of First Disbursement: 2019

EVELABS TECHNOLOGIES PRIVATE LIMITED

Registered Office Address:
V.V NIVAS, ARCHAL,
NEDIYARA P.O, ANCHAL
KOLLAM KERALA 691306
Website: https://www.evelabs.co/
Domain: Medical Technology
Year of First Disbursement: 2019

INDRIYAM BIOLOGICS PRIVATE LIMITED

Registered Office Address:
KAMUKUMPUZHA, CHENNITHALA P.O.,
MAVELIKARA, NEAR MAHATMA SCHOOL,
ALAPPUZHA KERALA 690105
Website: https://www.indriyambiologics.com/
Domain: Medical Technology
Year of First Disbursement: 2019

ALICORN MEDICAL PRIVATE LIMITED

Registered Office Address:
13/13 (VP/3/1239), SREEVATSAM VITTIYAM,
PEYAD P O THIRUVANANTHAPURAM
KERALA 695573
Website: https://www.alicornmed.com/
Domain: Medical Technology Year of First Disbursement: 2019

RMMEDI INNOVATIONS PRIVATE LIMITED

Registered Office Address:
DOOR NO.319A/15 ,
Madukkakuzhi (H) Parathodu P.O ,
KANJIRAPALLY KOTTAYAM KERALA 686512
Website: http://www.rmmedi.com/
Domain: Medical Technology
Year of First Disbursement: 2021

WAFERCHIPS TECHNO SOLUTIONS PRIVATE LIMITED

Registered Office Address:
236 KOCHUPPOOTTIL VEEDU UPPOODU JN,
EAST KALLADA
KOLLAM KERALA 691502
Website: https://mybiocalculus.com/
Domain: Medical Technology
Year of First Disbursement: 2021

VIRTIS BIO LABS PRIVATE LIMITED

Registered Office Address:
39/3A2, EASWARI GARDEN KESAVAN NAGAR,
KANNAKURUCHI
SALEM TAMILNADU 636008
Website: https://www.virtisbiolabs.com/
Domain: Medical Technology
Year of First Disbursement: 2021  (NIDHI4COVID2.0)