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Seed Supported Startups

Company Name : Astr Defence Pvt. Ltd
Website : www.astrdefence.com
Domian Area : Defence
Address : Astr Defence Pvt. Ltd
#101/130/G2, Siddalingeshwar Colony,
Vikas Nagar, Hubballi-580021.
KARNATAKA State
Fund Sanctioned Year : 2021
Company Profile : Astr Defence Private Limited, a young defence startup incubated at KLE CTIE has been sanctioned grants under NIDHI - Seed Support Scheme (SSS) for the design, development and testing of Battle Scope (Electro-Optic Sight), Astr Defence is a licensed defence equipment innovator company developing advanced next generation weapon systems catering to the needs of our military and security forces to counter our technologically advancing adversaries.

Company Name : Einetcorp Pvt. Ltd
Website : www.einetcorp.com
Domain Area: AI & ML
Address : EiNETCORP Pvt Ltd
Kle Teck Park,
KLE Technological University,
BVB Campus,
Hubballi - 580031
KARNATAKA State
Fund Sanctioned Year : 2022
Company Profile : EiNETCORP Private Limited, a young AI & ML based startup incubated at KLE CTIE has been sanctioned grants under NIDHI - Seed Support Scheme (SSS) , A technology startup mainly focused on building computer vision
- AI products and solutions.
The company’s first product in development is an intelligent
wearable device for the visually impaired that helps them face
their daily challenges in
1. Mobility and
2. Readability.
The device is a novel solution for the specially abled community
that is as interactive as it is reliable. The device speaks to the
user in a human-like voice and is capable of processing the voice
commands of the user as well.

KLE-CTIE, NIDHI (National Initiative for Developing and Harnessing Innovations) –Seed Support Scheme by DST.

KLE-CTIE has been accorded with NIDHI-Seed support scheme with a corpus of Rs. 5.25 crores under the scheme "National Initiative for Developing and Harnessing Innovations - Seed Support System (NIDHI-SSS)" of the Department of Science and Technology to help with seed funding of startups.

NIDHI seed support is for providing financial assistance to potential startups with promising ideas, innovations and technologies. This would enable some of these KLE-CTIE startups with innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel/Venture capitalist or they will reach a position to seek loans from commercial banks/financial institutions. Thus the proposed seed support disbursed by KLE-CTIE to an incubatee is positioned to act as a bridge between development and commercialization of innovative technologies/products/services in a relatively hassle-free manner. Startups are chosen based on their application and per the recommendation of the Seed Support Management Committee (SSMC).

Broad Areas to be covered under the financial assistance include:

  • Product development
  • Testing and trials
  • Test Marketing
  • Mentoring
  • Professional Consultancy (To attract Professors of institutions to work with small firms)
  • IPR issues
  • Manpower for day to day operations
  • Any other area as deemed necessary and recommended by the Management Committee

Eligibility Conditions for Incubatee Startups for seed support

  • Incubatee should be a registered company in India with minimum of three months of residency at the STEP/TBIs.
  • Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
  • The share holding by Indian promoters in the incubate start up should be at least 51%.

Send application on or beofe 5th Feb 2024 to ctie@kletech.ac.in