Exploration is the engine that drives Innovation, Innovation drives Economic Growth. – Dr. Narendra Choudhari, Director, VNIT, Nagpur

Even your

Can bring you

Corporate with minimum net worth of Rs. 500 crores or turnover upto 1000

crores of or having Net profit of 5 crores are expected to spend 2% of the

average net profits towards Corporate Social Responsibility projects (CSR per

section 135 of the companies Act 2013). One of the activities that qualifies for

CSR spending is contribution to the technology business incubators located

within the academic institutions approved by the Central Government.

1 Seed fund Seed support for incubates to help with their initial operational

expenses.

2 Infrastructure

fund

Fund for supporting creation of additional space, shared facilities,

equipment, components and raw materials.

3

Capacity building

and resource

center fund

For supporting market research, proof of concept, training and

workshop, lecture series, events, product development, cost for IP

protection, cost of experts, mentors, consultants etc.

4 Accelerator/Boot

camp fund

Specialized fund for helping a group of start-ups (usually more than

10) jump start their business and is given for a short period (usually

3-4 months).

5 Fellowships/ inter

nships fund Salary for internships, Entrepreneur in residence (EIR) etc.

6 Impact fund Funding for social start ups – products/ services that help improve

human and environmental well being.

Options to contribute in innovation Start ups through CSR

Centre for Innovation, VNIT, Nagpur (CIVN) is a section 8 non profit company set

up to promote innovation and entrepreneurship by converting and translating

technology ideas and innovation in various disciplines of science and engineering

into products, processes and services for commercial viability and the benefit of

the society.

Reaping benefits from your CSR

At CIVN, you get a ready made palate of ...

Office Space

Our Incubates

NFLM is a non toxic organic nail wear product based on Nano technology. NFLM is poised to redefine nail fashion and committed to provide incredible shopping experience to their customers through the premier online platform.

NFLM Cosmotech Pvt. Ltd.

http://www.nflm.co.in/

CapAnalec Services Pvt. Ltd.

http://www.capanalec.com/

CapAnalec offers online platform

for risk assessment. It provides a

secured Online Risk Assessment &

Compliance (ORAC) platform to cut

down time and cost for financial

transactions decision process.

Offers ERP Solutions for

1. Enquiry Management

2. Quotation Management

3. Purchase Order Management

4. Inventory Management

Bill Management

Sustainable R&D Pvt. Ltd.

http://www.srdpltd.in/

Riva Labs http://www.rivalabs.com/

Riva Labs is a Micro-Electro-

Mechanical Systems (MEMS)

Development Unit. It specializes

in measuring/controlling

instruments

Case Studies

Centre for Innovation, VNIT, NAGPUR (CIVN) 3rd floor, Library and Information Resource building, VNIT, South Ambazari Road, Nagpur, Maharashtra. Pin 440010 (India) Phone: (0712) 22801299/2222263

Email: ceo@civn.vnit.ac.in | Website: http://civn.vnit.ac.in/

Non-banking finance company Mahindra & Mahindra Financial Services Ltd (MMFSL) used a portion of their 2014-15 CSR funds to invest in 2 Start ups , one of which is technology based ..

AKE Solutions, a Chennai-based technology solutions and service provider invested Rs 25 lakh as seed investment in 'Bodhi Health Education', a Gurgaon based start-up that provides medical education to community health workers. TAKE's investment was in the form of a CSR contribution to CIIE of IIM-A. Industry players said that besides just meeting their target CSR figures, companies are looking at this as doing their bit to tackle community problems through innovation

Mahindra & Mahindra Financial Services Ltd

AKE Solutions, Chennai

SustainEarth Energy Solutions — a startup working to provide affordable bio-gas technology for rural areas — received Rs 23 lakh and Sickle Innovations — a startup making handheld cotton picketing machines using a patented technology that enhances labourer productivity — got financial support of Rs 25 lakh from the NBFC. "While making contributions to the incubators, we look at projects aligned towards our mission of transforming rural India.

"CSR funds in seed investments have a great potential as this will encourage communication between industry and technology business incubators and can bring about many successful start-ups," says J Salim Vali, Vice President (Impact Investments) at CIIE.

SustainEarth Energy Solutions

Source: http://timesofindia.indiatimes.com/business/india-business/CSR-serves-as-startup-capital/articleshow/47102517.cms