Ventures @ CEDI
CEDI follows a rigorous Selection process involving 3 high Levels of Scrutiny. Each company selected for incubation would get financial support up-to Rs. 25 lakhs over two (or three) years period in the form of 100 % Soft Loan at 6% p.a. simple interest or Any ratio of Loan versus equity as mutually agreed upon by the CEDI and incubatees. The amount of funding would be up to a maximum of 80% of the project cost of the incubating company. The Seed fund can be used for equipment and consumables, manpower and other contingencies.
So far the following 11 Companies have been incubated with a Total Financial support.