Centre announces up to Rs 50 lakh grant for technical textiles startups

Centre announces up to Rs 50 lakh grant for technical textiles startups: The Textiles ministry released the guidelines of the GREAT scheme (Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles), under which they will provide a grant-in-aid of up to Rs 50 lakh for startups and individuals to promote innovation in the niche technical textiles segment.

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They would grant-in-aid of up to Rs 50 lakh for up to a period of 18 months. Additionally, they will provide 10% of the total grant-in-aid to incubators.

With a strong emphasis on developing the Startup Ecosystem in Technical Textiles, the guidelines focus on supporting individuals and companies to translate prototypes to technologies & products, including commercialisation, he told reporters here on the important developments in the National Technical Textiles Mission (NTTM).