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 2 Companies have been incubated with a Total Financial support of Rs.50 Lakhs