DRDO-TDF: Rs 10 cr grant for startups

Hyderabad: Startups can compete for a grant of up to Rs 10 crore each for developing high-technology solutions against specific requirements posted by the DRDO-Technology Development Fund (TDF). TDF has been established to promote self-reliance in defence technology as a part of the ‘Make in India’ initiative. It is a programme of the Ministry of […]

Hyderabad: Startups can compete for a grant of up to Rs 10 crore each for developing high-technology solutions against specific requirements posted by the DRDO-Technology Development Fund (TDF). TDF has been established to promote self-reliance in defence technology as a part of the ‘Make in India’ initiative. It is a programme of the Ministry of Defence and executed by DRDO to meet the requirements of the Tri-Services, defence production and DRDO. The scheme encourages participation of public/private industries, with a preference for startups and MSMEs, so as to create an ecosystem for enhancing cutting edge technology capability in the defence sector.

Nidhi Bansal, Director DRDO-TDF said, “Startups working with T-Works and T-Hub can make efficient use of the funds awarded by DRDO-TDF. In fact, 20 per cent of the awarded funds may be used by startups to utilise services of supporting incubators.” T-Works and T-Hub co-hosted a high level to orient startups and MSMEs on DRDO’s TDF Scheme.

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Jayesh Ranjan, Principal Secretary, Industries and ITE and Communications said, “The Telangana government has always been proactive in facilitating unique Central government schemes such as DRDO-TDF to reach our startups. We have T-Works, T-Hub, We-Hub, and RICH as part of our innovation ecosystem to drive startup growth in the State and country.”

T-Works, India’s largest prototyping centre, will enable startups to develop products that meet stringent quality standards of DRDO through access to industry-grade equipment and in-house technical experts. “T-Works will lower barriers for participating companies by providing high-end prototyping techniques at affordable prices all under one roof in our 78,000sqft centre in Hitec City,” said Sujai Karampuri, CEO, T-Works.

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