Addressing
the crucial fund requirements
of the young technocratic
entrepreneurs, TREC-STEP
with the support of
Technology Development
Board, shall provide
up to Rs. 25 lakhs support
as seed Incubation Fund
support for select industries.
TREC-STEP might treat
this as an equity or
loan depending upon
the venture requirements.
In addition to this
funding assistance,
TREC-STEP, provides
a spectrum of Entrepreneurship
Development initiatives
to promote start-up
ventures covering, Business
Training, Nursery incubation
sheds for starting the
ventures for a period
of 3 to 4 years, Central
Common Machining facilities,
Systems and Networking
support, catalogue library,
funding schemes etc.
After 3 to 4 years of
incubation support,
the venture has to relocate
to their own premises.
These incubation support
and facilities considerably
reduce the initial investment
commitments of the entrepreneurs
thereby reducing the
initial risk. In addition
to that, the incubation
fund support shall cover
all activities which
hitherto not eligible
for funding from conventional
funding agencies such
as banks and venture
capitalists. Areas such
as technology development,
product development,
proof of concepts, training,
marketing visits, marketing
promotion, consultancy,
software including margin
for loans etc can be
considered under incubation
fund support. Incubation
fund support does not
envisage any collateral
security arrangements
from budding entrepreneurs.
However, the venture
should be promoted in
TREC-STEP premises.
As a tax exempt for
Service Tax benefit,
TREC-STEP is a major
attraction for any start-up
entrepreneur for starting
his venture.
With
rich Incubation Experience,
International Networking
among the leading Incubators
across the world and
support from Department
of Science and Technology
and other government
agencies, TREC-STEP
shall be the ideal place
for promoting your start-up
venture. TREC-STEP shall
be very glad to provide
you required support
for realizing your venture
as a successful high
growth business.
For
applying for incubation
support from TREC-STEP,
download the applications
from the following links.
The duly filled in application
may be submitted to
TREC-STEP in venturetrecstep@trecstep.com
/ venturetrecstep@yahoo.co.in
Download
Application
Download Venture Template
