DERBI Foundation And CSR Activities
As per section 135 of the Companies Act 2013, Corporates are expected to spend a part of the net profits towards Corporate Social Responsibility (CSR) Projects. Contributing to technology business incubators located within academic institutions approved by the Department of Science and Technology (DST), Government of India is qualified for CSR Activities under this act.
CSR Funding
DERBI Foundation is 80G and 12A certified and is eligible under Section 135, Schedule 7 of the Companies Act 2013. It accepts CSR contributions from corporate houses for various purposes that are within the scope of DERBI Foundation’s defined objectives.Corporates can contribute to the CSR initiatives in two ways:
- Ongoing Program : Corporates can contribute to a continuing regular program. This can be customised to the interests of the corporates
- Short Term Program : Corporates can focus on specific, limited-term projects with defined milestones.
How Can Corporates Be A Part Of CSR Funding?
| Sl. No | Type of contribution | Amount (Rs) | Description |
| 1 | Capacity building and resource centre | 10 lakhs | For supporting distinguished lecture series, training and workshops on topics such as Business Models, Fundraising, Intrapreneurship, etc. Onboarding Consultants to enhance the quality of incubation experience for startups. |
| 2 | Fellowships/internships fund | 10 lakhs | Supporting interns, Entrepreneur in Residence (EIR) etc. |
| 3 | Seed funding (including impact fund) | 25 lakhs | Seed support for incubatees to help with their initial operational expenses. This also includes social startups working on maximizing improvements in human and environmental well-being |
| 4 | Accelerators/Boot camp fund | 50 lakhs | Specialized funds for helping a group of start-ups (usually more than 6) accelerate their `business and is given for a short period (usually 3-4 months) |
| 5 | Infrastructure fund | 50 lakhs | Fund for supporting the creation of specialised labs and allied facilities for startups |
Benefits For CSR Contributors
- DERBI Foundation mentions the CSR contributors on its website.
- Naming rights will be given provided:
- CSR contribution is 50% or more than 50% of the operating costs.
- CSR contribution is 50% or more than 50% of the infrastructure costs.
