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    Overview

    If you're planning to research and develop new products or services in India, you may be eligible for funding, tax credits, or government support. Here's an overview of the resources available:

    1. Government Initiatives: The Indian government offers various schemes and programs to promote innovation, research, and development. These initiatives provide financial support, tax benefits, and other resources to help businesses grow and succeed.

    2. Research and Development (R&D) Tax Credits: The Indian government provides R&D tax credits to encourage businesses to invest in research and development. You can claim a tax deduction of up to 200% of your R&D expenditure.

    3. Government Grants and Funding Schemes: Various government agencies and organisations offer grants and funding schemes to support innovation, research, and development in India. 

    Some of these schemes include:

    - Technology Development Board (TDB) Grants: The TDB provides grants to 

    support the development of new technologies and products.

    - Department of Science and Technology (DST) Grants: The DST offers grants to support research and development in various fields, including science, technology, and engineering.

    - Ministry of Micro, Small, and Medium Enterprises (MSME) Schemes: The MSME Ministry offers various schemes and programs to support innovation, research, and development in the MSME sector.

    4. Innovation Hubs and Incubators: India has a growing network of innovation hubs and incubators that provide resources, mentorship, and funding support to start-ups and entrepreneurs. Some of the notable innovation hubs and incubators in India include:

    - Indian Institute of Technology (IIT) Incubators: The IITs have established incubators to support start-ups and entrepreneurs in various fields, including technology, engineering, and biotechnology.

    - National Association of Software and Services Companies (NASSCOM) Start-up Warehouse: The NASSCOM Start-up Warehouse provides resources, mentorship, and funding support to start-ups in the IT and IT-enabled services sector.

    5. Other Resources: There are various other resources available to support innovation, research, and development in India, including:

    - Indian Angel Network (IAN): The IAN is a network of angel investors that provides funding support to start-ups and entrepreneurs.

    - Venture Capital Funds: There are various venture capital funds in India that provide funding support to start-ups and entrepreneurs in various sectors.

    By leveraging these resources, Indian businesses can access the funding, mentorship, and support they need to drive innovation, research, and development.

    Read our guide Manage your research and development.