Hi i am trying to start a robotics R&D group here in chennai i want to know what is the procedure or if there are somebody with relevant experience in starting a new company from scratch ... ?
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Starting a R&D business
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hi
Apart from the routine things of incorporation of company and getting various government approvals you can do the following things which will immensly help the R&D Company :-
1) Get it registered with Department of Scientific & Industrial Research to get the weighted deduction of R&D Expenses under I.Tax Act;
2) Get a Soft Loan from Technology Development Board for development of new technology / product.
Thank you vinod .. that seems useful information but can i just go a do this or will there be bureaucratic red tape thats usually the case ... ?
You need to make an application to DSIR / TDB. If your company fits into their norms I don't see any reason why you will not get it.
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