INVENT, an acronym for Innovative Ventures and Technologies for Development, is a joint initiative of the Technology Development Board (TDB), Government of India , Department for International Development (DFID), Government of the United Kingdom and Villgro Foundation as the monitoring agency for the implementation of the program. INVENT aims to make a positive social impact by providing incubation support to technology-oriented start-ups whose offerings benefit the Bottom of Pyramid of the society.
The INVENT addresses challenges and barriers across inclusive innovation lifecycle, for the benefit of up to 1 million poor people at the bottom of the economic pyramid. The incubation support is aimed at creating a viable pipeline for impact investments in 8 low income states of India (Uttar Pradesh, Madhya Pradesh, Bihar, Chhattisgarh, Jharkhand, Rajasthan, Orissa and West Bengal).
Who can apply
2. Market Ready Stage or already have some customer traction.
3. Incorporated as a private limited company (LLP/partnership firms are not eligible).