|Application procedure:||Online Application|
|Eligible applicants:||Social Business|
|Annual number of calls:||Open all year|
|Donor size:||Medium - up to $5,000,000|
|Funding instruments:||Equity, Grants, Loans|
|Annual funding volume:||Up to $5,000,000|
|Funding ratio:||up to 100%|
- Agriculture & Rural Development
- Economic Development
- Research, Technology & Innovation
IIT Madras’ Rural Technology and Business Incubator (RTBI) is a registered not-for-profit society established in October 2006. Its mission is to incubate start-ups whose focus is to impact rural/underserved societal segments, leveraging ICT (Information and Communication Technologies). The methodology is two pronged: (1) incubation: identifying ways and means to strengthen entrepreneurs with business models for innovative, low-cost and relevant products and services; (2) exploration: developing depth and understanding of the underserved segments by sustained efforts (including a variety of independently funded initiatives) via grass-root trials (involving technology creation, business modeling, service design, etc.) in areas like agriculture, education, financial inclusion, healthcare and livelihood.
2) Thematic Interest
- Information and Communication Technologies (ICT)
- Healthcare and livelihood
3) Focus Countries
Funding is provided to projects implemented in India.
4) Application Procedure
Interested applicants can send an Expression of Interest throughout the year via their online form for the Incubation Program. The template for the EoI can be downloaded from their website. It is a Power Point Presentation template and contains the following sections: background information, markets research, innovation and USP, description of product and current status, finances, and business plan. Funding available to incubated companies includes seed grants, equity, loans and convertible debt.
IITM’s Rural Technology and Business Incubator (RTBI)
Module #6, I Floor IITM Research Park
Kanagam Road, Taramani
Chennai – 600113
T: +91 44 6646 9872
F: +91 44 6646 9872