TSIC to extend incentives for innovations and startups with rural impact

Hyderabad: Telangana State Innovation Cell (TSIC) said it will extend incentives for innovations and startups with rural impact. Named as Telangana State Innovations for Rural Impact Incentives (TSIRII) and hosted by TSIC, the incentives aim to augment market-viable innovations and startups with grassroots impact at various stages. The incentives will scale a proof of concept […]

Hyderabad: Telangana State Innovation Cell (TSIC) said it will extend incentives for innovations and startups with rural impact. Named as Telangana State Innovations for Rural Impact Incentives (TSIRII) and hosted by TSIC, the incentives aim to augment market-viable innovations and startups with grassroots impact at various stages.

The incentives will scale a proof of concept to a prototype, minimum viable product and then to market-ready and for product trials and pilot projects. The innovation or startup should be based in Telangana or devised fully within the State.

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The criteria can be found on https://teamtsic.telangana.gov.in/tsiri-incentives.

Applications will be evaluated by the Grassroots Advisory Council established by TSIC, a State-established entity that looks after the applications process and release of funds. “In the last few years, of the many support mechanisms established for innovations with rural impact, we have realised that financial support was a common ask for all of them at every stage.

The Telangana State Government released a GO in July 2021 making TSIC as the nodal agency to extend incentives, innovations and startups with rural impact with an initial corpus fund of Rs 30 lakh. We believe that such support will augment innovators and startups,” said Telangana Chief Innovation Officer Dr Shanta Thoutam.

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