GREAT SCHEME

Key Highlights:

• The GREAT scheme (Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles) is implemented by the Ministry of Textiles.
• It operates under the National Technical Textiles Mission (NTTM) since 2023.
• The scheme supports start-ups in the Technical Textiles sector to translate innovative ideas into commercial products.
• A total of 31 start-ups have been approved, with a total cost of ₹15.40 crore, including ₹13.65 crore as Government of India share.
• Each approved start-up receives a maximum financial support of ₹50 Lakh.

Detailed Insights:

• The GREAT scheme aims to foster a robust start-up ecosystem by assisting young innovators, scientists, and technologists.
• It covers diverse technology domains, including advanced functional textiles, smart textiles, and high-performance composites.
• Supported innovations also encompass sustainable, bio-based materials like hemp-bioplastic composites and medical/healthcare solutions.
• The NTTM also supports educational institutes and organizes public events, workshops, and exhibitions to promote the sector.
• These initiatives provide platforms for researchers and start-ups to showcase products and engage with industry stakeholders.

Key Concepts Involved:

• GREAT scheme: A Ministry of Textiles initiative under NTTM to fund start-ups in technical textiles for commercializing innovations.
• National Technical Textiles Mission (NTTM): A flagship program to position India as a global leader in technical textiles, promoting research, innovation, and market development.
• Technical Textiles: Textile materials and products manufactured primarily for their technical performance and functional properties rather than aesthetic or decorative characteristics.