Sponsored Research & Development programme (SPREAD)
The objective of this programme is to stimulate technology development through private investment in R&D and strengthen industry & technology institution (TI) collaboration. The companies eligible for availing these facilities should be from the private sector undertaking R&D in collaboration with TI.
Following are the eligible sectors
The facilities include concessional Rupee Term Loans of up to 50% of the eligible project cost. The repayment is structured as per project and programme requirements. Till date the SPREAD has assisted 120 projects.
Guidelines for Financial Assistance:
To avail the facilities, the companies are requested to submit a project profile covering the following information:
The project is evaluated in terms of
- Biotechnology/ Healthcare
- Electrical
- Electronics & communication
- Energy
- Environment
- Materials
- Manufacturing/ Control technologies
- Financial/ Security services
- Project title
- Brief particulars of the company
- Description of existing facilities
- Current R&D activities
- Proposed R&D project
- Collaborating technology institution
- Brief on product / processes to be developed
- Innovative content of the project in terms of comparison with current practice and aim of project in quantitative terms
- Major steps / activities involved in proposed R&D
- Break-up of activities to be taken up by the company and by the Technology Institution
- Brief particulars of the work already carried out
- Cost of project with breakup and proposed means of financing
- Schedule of implementation
- Business plan for commercialisation
- Details on market size, demand/supply drivers, etc.
- Innovative content & likely impact
- Contribution from the technology institution
- Commercial potential
