About Technology Development Board Go Back
The Government of India constituted the Technology Development Board (TDB) in September 1996, as per the provisions of the Technology Development Board Act, 1995, with a mandate to provide financial assistance to the industrial concerns and other agencies attempting development and commercial application of indigenous technology or adapting imported technology for wider domestic application.
The financial assistance from TDB is available in the form of loan or equity and/or in exceptional cases, grant. The loan assistance is provided up to 50 percent of the approved project cost and carries 5 percent simple rate of interest per annum. Royalty is also payable on sales of products under TDB’s project during currency of loan. Alternatively, TDB may also subscribe by way of equity capital in a company, subject to maximum of 25 percent of the approved project cost. The financial assistance is provided during the commencement, start-up or growth stages of industrial concerns.
In addition, TDB has instituted Seed Support Fund to provide early stage financial assistance to the young entrepreneurs in bringing out innovative technology venture ideas to fruition. TDB has so far supported following 15 Technology Business Incubators (TBIs) and STEPs under Seed Support Scheme.
TDB has participated in 6 Venture Funds, with reputed and well experienced Venture Capital Funds companies mainly UTI, APIDC, Ventureast, GVFL and RCVF group with total commitment/participation of 175 crores, leveraging total funds aggregating to 1203 crores from other investors.
TDB has signed MoUs with several foreign institutions, namely, Agence Nationale De Valorisation de la Recherche (ANVAR), France, Centre for the Development of Industrial Technology (CDTI), Spain and Commonwealth Business Council (CBC), UK to promote, assist and fund the development of joint technology cooperation / transfer projects and for supporting SME growth via technology transfer, industrial research, technology development and innovation for the purpose of generating economic benefits.
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