IFERP - Innovative Project Seed Funding Scheme

IFERP provides an opportunity for the Students and Research Scholars to receive financial assistance for their innovative Projects for Proof of concept (POC), Prototype development, Product trials, Validation, Market entry, and Commercialization.

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Last date of Application Submission 22nd May 2022

An Initiative for funding innovative Project Ideas

Need for IFERP - Innovative Project Seed Funding Scheme

For the researchers and students, easy availability of capital is essential for their innovative project ideas and startups.

Innovative ideas can obtain funding from IFERP only after they have demonstrated a proof of concept.

It is essential to provide seed funding to innovative ideas in order for them to conduct proof of concept trials.

Objective of the Scheme

IFERP - Innovative Project Seed Funding Scheme seeks to assist students and researchers by providing financial assistance for proof of concept, prototype development, product trials, validation, market entry, and commercialization of their innovative project ideas.

This would allow these innovative project ideas to progress to the point where they could seek investments from IFERP.

How IFERP - Innovative Project Seed Funding Scheme will operate ?

Features of IFERP - Innovative Project Seed Funding Scheme

“Call for Applications” for seed funding.

Upto INR 50,000 seed funding

Project seed fund will be issued in IFERP conferences by IFERP delegates

Certificates

Eligibility Criteria

Must be a student or research scholar in an accredited university.

Project must get approved by the mentor/guide

Any students or research scholars can apply

The project must have an innovative idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.

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Important Dates

Last date of Application Submission 22nd May 2022
Evaluation of Application 23rd May to 02nd June 2022
Information to Selected Applicants 03rd June to 07th June 2022
Virtual Presentation 11th & 12th June 2022
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