Recently, the Empowered Programme Committee (EPC) of National Technical Textiles Mission (NTTM) has approved 7 startup proposals under the GREAT scheme.
About GREAT Scheme:
Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) encourages young innovators, scientists/technologists, and startup ventures in the field of Technical Textiles to translate their ideas into commercial technologies/products and make India self-reliant.
It supports individual entrepreneurs or start-ups for functional prototypes or commercialization of their technologies for Technical Textile
Funding:
A grant-in-aid of up to Rs 50 lakhfor up to a period of 18 months will be provided.
Key facts about National Technical Textiles Mission
It was launched to increase the penetration level of technical textiles in India while leveraging the extraordinary growth rate of the sector.
The mission aims to position India as a global leader in Technical Textiles.
Components:
Research, Innovation and Development
Promotion and Market Development
Export Promotion
Education, Training, Skill Development
Nodal Ministry:Ministry of Textiles
Time period: It has been approved with an implementation period of four years, starting from FY 2020-21 till FY 2023-24.
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