– an initiative of Govt. of India for Technopreneurs


Do you want to convert your technical idea into a business??
Are you searching VCs or angel investors for that??
Are you in the need of technical support to nurture your idea??

If yes, then the govt. of India is waiting for you….
Dept. of science and technology and NSTEDB started a program called venture center . Under this program, govt. is not only providing you the technical support but also the financial support. Few days ago, the team of techaloo met an entrepreneur at CSIR – Durgapur Lab. He is a fashion designer but he is building his startup with the help of CMERI-Lab under the TEPP program of VentureCenter.

The details of venture center are (as mentioned on the website):-

Core Purpose: To nucleate and nurture technology and knowledge-based enterprises for India by leveraging the scientific and engineering competencies of the institutions in the region.

Envisioned Future: To be the organisation that will be credited with creating, shaping and sustaining a “Pune cluster” of innovative technology businesses with a significant economic impact regionally, nationally and globally within the next 20 years.


Focus areas by know-how:

Material science
Chemical synthesis
Biomedical sciences and technology
Chemical & process engineering
Research, technology & knowledge management
Focus areas by markets/ sectors served:

Health care
Specialty chemicals & nano-materials
Energy & environment
Specialty packaging
Process design & simulation
Potential products & services of resident companies:

Biomedical products and devices
Niche chemicals and nano-materials
Specialty materials science products for various sectors such as packaging, infrastructure, automotives, lifestyle products.
Select biotech products
Niche scientific instruments and tools
Software and Services
Process design and simulation
Research and technology management consulting
IP management services
Information research/ resources and scientific intelligence services
Drug discovery services


The core activities of the Venture Center are:

Nucleation of new business by creating the environment and opportunities for know-how providers, entrepreneurs and financiers to meet each other and form business teams
Nurturing businesses through their start-up phase by creating and running an efficient business incubator offering not only space but also access to technology support, business mentoring, networks, scientific and information resources, and a generally conducive and supportive environment.
Promoting and running an active program for identification, creation, acceleration and translation (into practice) of technology ideas suitable for new venture creation.
Run an active program in building and sharing resources, networks, competencies and special expertise in select areas at the interfaces of technology and innovation, business and entrepreneurship, and government and policy.


Venture Center (trademark) is registered as “Entrepreneurship Development Center” under the Companies Act, 1956 as a Section 25 (not for profit) company.
The company is governed by a Board of Directors
The company is also advised by a Board of Advisors


Venture Center is conscious of the fact that the success of an organization is a reflection of the professionalism, conduct and ethical values of its management and employees. In addition to compliance with regulatory requirements, Venture Center endeavors to ensure that the highest standards of ethical and responsible conduct are met throughout the organization (more..)
FAQs on Venture Center
Disclosures about Venture Center to meet credibility and accountability norms


Council of Scientific Industrial Research, India (via the National Chemical Laboratory, Pune): The Venture Center is an intiative of the National Chemical Laboratory under CSIR’s scheme titled “Scheme for setting up incubation centres in CSIR laboratories”.
The Venture Center is supported by the National Science and Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science and Technology (DST), Government of India.


Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

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