Benefit

·       75% of the eligible expenses for patent registration will be reimbursed. (Max. Rs. 2 lakhs for domestic patent & Rs. 10 lakhs for international patent)

·       50% cost of registration, travel, boarding and lodging expenses for international marketing, events, and conferences (Max. Rs. 5 lakh)

·       50% cost of trade show participation and exhibition stall rentals (Max. Rs. 5 lakh)

·       R&D grant will be available to only those companies that are less than 7 years old (from the date of incorporation). Max. Rs. 2 Crore. 25% grant available for Start Ups & MSMEs

·       The Govt. of Karnataka will provide up to 10% capital subsidy, up to a maximum of INR 10 Crores to registered KESDM companies, which will be applicable to the first two anchor units in each greenfield cluster

·       Registered KESDM Start-ups and MSMEs will be eligible for reimbursement of up to 50% of testing/certification charges incurred for getting the products tested/certified from any lab domestic/abroad

·       Registered KESDM Start-ups and MSMEs will be eligible for reimbursement of 50% of the cost incurred for developing a prototype of a product. This will be subject to an upper limit of INR 10 Lacs per year, with an allowance of a maximum of 2 sanctions per year per company

·       Interest subsidy of up to 6% per annum on term loans will be provided to registered KESDM Start-ups and MSMEs for a period of five years for loans of up to INR 50 Lacs

·       100% exemption on Stamp Duty for Start-ups & MSMEs

·       75% reimbursement of land conversion fee for Start-ups & MSMEs

·       Registered KESDM companies will be eligible for a concessional rate of INR 1 per INR 1000 on registration charges for all loan documents, lease deeds and sale deeds

·       Concession on industrial power tariff

·       One-time capital subsidy to the tune of up to 50% of the cost of ETP. Max. Rs. 50 Lakhs for Start-ups & MSMEs

Eligibility

·       An ESDM company must be registered with KBITS as a KESDM company

Objectives

The DIT was established to execute the enhancement and advancement activities of the IT field. Later, for the development of the Biotechnology sector, the sector got adjoined into DIT.