CFAs: Marketing and Prototyping Assistance to Start-ups (India)

Funding Information

• Marketing assistance to start-ups under Biotechnology Policy for the State of Assam:
  • Maximum Assistance: Rs 1,00,000/-
    • Advertising: 20,000/-
    • Promotional Materials: 40,000/-
    • Participation in Trade Shows and Events: 40,000/-
    • Digital Marketing: 40,000/-
    • Marketing Consultants: 40,000/-
    • Product Launches: 50,000/-
    • Branding: 30,000/-
• Prototype assistance to start-ups under Biotechnology Policy for the State of Assam:
  • Maximum Assistance: Rs 1,00,000/-
    • Outsourcing Charges for R&D/Design Engineering/Consultancy/Testing/Expert cost: 50,000/-
    • Raw material/Consumables/Spares: 40,000/-
    • Fabrication /Synthesis charges of working model or process: 40,000/-
    • Patent filing Cost: 10,000/-

Eligible Activities

• Eligible activities include:
  • Advertising & Branding
  • Trade Show Participation
  • Digital Marketing
  • R&D and Testing Costs
  • Raw Materials & Prototyping
  • Patent Filing

Eligibility Criteria

• An entity shall be considered as a “Startup” if the entity is recognized as a “Startup” under the “Startup India” Initiative or fulfils all of the following conditions:
  • The date of the entity’s incorporation/registration is not prior to seven years. In case an entity is engaged in the biotech sector, the date of incorporation/registration should not be prior to ten years;
  • Its annual turnover does not exceed Rs.25 crores, for any preceding financial year;
  • It is registered in Assam or employs at least 50 percent of its total qualified workforce from Assam;

For more information, visit The Assam Biotechnology Council.