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.
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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