Eligibility :-

Existing Large, Mega, Ultra mega, Super Mega Industries/ reputed Industrial Association who are willing to realize economic potential of the identified sector in the vicinity through R&D project in association with a minimum of 50 similar MSMEs are eligible.

Financial assistance :

Exclusive R&D centres coming up in all Zones through industry/industry associations supporting MSMEs will be eligible for a 50% subsidy on equipment/ machinery limited to Rs.500.00 lakh.                                              

Available only to the first 3 R&D Centre's in each of the respective   sectors viz., Automotive & Auto Components; Pharmaceuticals; Medical Devices; Engineering & Machine Tools during the policy period (Minimum 1 R&D Centre in Zone 1).

Documents :

1. Application in the prescribed format.
2. Detailed project report on proposed R&D activity.
3. Registered deed of the Host Institution.
4. List of minimum of 50 similar MSMEs in the identified sector who are willing to associate with the Host institute for the proposed R&D activity.
5. Summary note on research work to be under taken & its benefits to the manufacturing sector.
6. Details of machineries & Equipment's required for the proposed R&D activity.
7. Affidavit in the prescribed format on stamp paper stating that the Host Institution has not claimed any assistance from any other departments of State Government/ Government of India for the proposed R&D activity in the prescribed format.
8. Undertaking in the prescribed format.
9. Chartered Accountant certificate of Plant & Machinery of the of the Host Institute in the prescribed format.

How to apply :-

1. The Host institution has to submit the duly filled application in the duly filled application in the prescribed format along with the documents mentioned to respective DIC.
2. The Joint Director, DIC on receipt of complete application shall inspect the host institution and verify the working condition and submit the application to KCTU for sanction of Financial assistance.
3. The Managing Director, KCTU shall evaluate the existing infrastructure, strategic initiatives, equipment/ macinery required for R&D project, economic potential of the project, nature of commercialization details of patents/ design copyrights to be obtained, social impact, growth trends of the MSMEs, number of technical persons engaged in R&D activity and their qualification, leadership ability of the host institution.