Published By: Mohammad Haris
Last Updated: November 15, 2023, 14:49 IST
The funding is positioned to act as a bridge between the event and commercialisation of progressive applied sciences, merchandise, and providers in a comparatively trouble-free method.
Besides from the date of technical completion, the chosen startups and MSMEs will probably be supplied extra two years of incubation help by a facilitation and mentorship staff beneath the implementing company
The mines ministry on Wednesday stated it should invite proposals from startups, micro, small and medium enterprises (MSMEs) and particular person innovators in a bid to promote analysis and innovation in the mining, mineral processing, metallurgy, and recycling sector.
The chosen startups and MSMEs will probably be supplied mentorship or incubation help and technical advisory help throughout the whole mission growth interval. Besides from the date of technical completion, the chosen startups and MSMEs will probably be supplied extra two years of incubation help by a facilitation and mentorship staff beneath the implementing company.
The Centre has determined to promote analysis and innovation in startups and MSMEs and “has brought out guidelines for ‘promotion of Research and Innovation in Startups and MSMEs in mining, mineral processing, metallurgy and recycling sector (S&T-PRISM)’.
“Proposals will be invited from startups, MSMEs and individual innovators for up to two years duration, which has a direct bearing on the mineral sector, applied and sustainable aspect of mining and industrial applications, for funding,” the mines ministry stated in an announcement.
This will allow them to graduate to a stage the place they are going to be ready to increase investments or they’ll attain a place to search loans from industrial banks, and monetary establishments. The funding is positioned to act as a bridge between the event and commercialisation of progressive applied sciences, merchandise, and providers in a comparatively trouble-free method.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)
