SPMCIL pledges ₹2.3 crore to six start-ups on COVID
The Hindu
To engage with organisations to identify and implement potential short and long-term solutions
Security Printing and Minting Corporation of India Limited (SPMCIL) has pledged ₹2.3 crore to the Atal Incubation Centre — Centre for Cellular & Molecular Biology (CCMB) novel COVID-19 Technology Deployment (CoviTED) designed to help promising start-ups accelerate the scale-up and deployment in the market.
The incubator has selected six start-ups with promising technologies in the first call and this support from SPMCIL as part of its Corporate Social Responsibility (CSR) will help these with critical financial, regulatory, and marketing support, informed the CEO & consultant scientist N. Madhusudhana Rao on Wednesday.
SPMCIL has come forward to support organisations at AIC-CCMB involved in mitigating the COVID-19 pandemic after the ‘tsunami of Covid-19 has ravaged the nation. The pandemic has ignited an extraordinary response from start-ups and innovators across the globe to identify and implement potential short and long-term solutions.