The Role of Multiplier Grant Scheme in fostering growth of Start-ups in India

In the dynamic and ever-evolving landscape of the Indian startup ecosystem, access to finance remains a critical factor for growth and sustainability. Keeping this into consideration the Department of Electronics & Information Technology in India introduced he Multiplier Grant Scheme (MGS). This scheme aims to foster collaboration between industry and premier academic and government research and development (R&D) institutions for the development of innovative products and packages. By providing financial support and encouraging industry-oriented R&D, the scheme seeks to bridge the gap between research and commercialization, accelerate indigenous product development, and promote market-oriented innovation. In this article, we will explore the details of the Multiplier Grant Scheme and its potential to empower startups in India