Technology Development Fund Scheme

Technology Development Fund Scheme Latest News

Recently, the Defence Research and Development Organisation has signed the “first high-value deep tech project agreement” with a start-up, collaborating for indigenous development of a dilution refrigerator under the Technology Development Fund (TDF) scheme. 

About Technology Development Fund Scheme

• It has been established to promote self-reliance in Defence Technology as a part of the ‘Make in India’ initiative.
• Objective: It encourages the participation of public/private industries, especially MSMEs and startups, so as to create an ecosystem for enhancing cutting-edge technology capability in the defence sector.
• Project Duration: The maximum development period will be four (4) years.
• Nodal Ministry: Ministry of Defence.
• It is executed by DRDO to promote self-reliance in cutting-edge defence and aerospace technologies.
• Funding Support
  • The project cost of up to INR 50 crore will be considered for funding.
  • The funding may be up to 90% of the total project cost.

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Eligibility Criteria of Technology Development Fund Scheme

• Entity Type 
  • A public limited company, a private limited company, a partnership firm, a limited liability partnership, a one-person company, or a sole proprietorship registered as per applicable Indian laws registered in India especially MSMEs and Startups.
  • The industry must be owned and controlled by a resident Indian citizen.
  • An entity with excess of 49 percent foreign investment is not eligible.
• Start up
  • Startups must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as per Government of India (GOI) guidelines.
  • Startups incorporated for less than three years from date of submission of application will be considered as nascent startups.
  • A nascent Startup should be incubated at one of the Central/State government assisted incubators.
  • Startups should not have received any grants/grants-in-aid by any government scheme for a similar technology.
  • The startup must be owned and controlled by a Resident Indian citizen with a shareholding of at least 51%.

Source: PIB