Venture Center
Support us

Venture Center is a not-for-profit entity dedicated to promoting technology entrepreneurs and startups.

We accept donations from well wishers, ensure its proper utilization and report to our donors regularly on how the funds were deployed.

Why Donate to us ?

  • Venture Center is registered under Section 12A(1)(ac)(i)  of the Income Tax Act, 1961, and with the Director of Income Tax (Exemptions) u/s 80G.  

  • Venture Center has been accredited by Credibility Alliance (CA) under Desirable Norms  - the highest level of accreditation offered by CA.. The accreditation positions Venture Center as the only technology business incubator in India with CA accreditation.

    Click Badge to view certificate

You can also support Venture Center via CSR projects. Venture Center is eligible for funding under Section 13, Schedule VII of Companies Act, 2013.

Know more

Guidelines for contribution  

  • As per Income Tax guidelines, organizations will have to mandatorily generate certificate 10BE for contributors. For this, contributors must provide their complete address and PAN.

  • As per the FCRA 2010, to receive from foreign contributors, submission of a passport copy (front and back pages) is mandatory.

  • All Indian contributions made to Venture Center are eligible for tax exemption of 50% u/s 80G of the Income Tax Act, 1961.

  • Currently, we are accepting donations under the following heads:

Corpus funds (principal is invested; only income used)

Corpus

Purpose

Venture Center Library Corpus

Income from the corpus is used towards strengthening the collection, creating new sections/collections, running events and day-to-day operation of the Venture Center Library. The Library aims to inspire, inform and prepare young and budding inventors and entrepreneurs.

NCL Technology and Entrepreneurship Club Corpus

Income from the corpus is used towards funding activities of a student-led club focused on technology and entrepreneurship of a group of students from NCL (and IISER).

Awards & recognitions

Income from this corpus shall be directed towards providing awards and recognitions to individuals and small businesses for technology, intellectual property and entrepreneurship. The initial focus shall be Pune and institutions around Pune.

The MLM and Social Entrepreneurship Fund

Income from the corpus is used towards building and strengthening a program at Venture Center aimed at supporting technologies/ innovations/ enterprises aiming to deliver significant social impact. MLM (coined by Dr RA Mashelkar) stands for “More from Less for More” highlighting the need for technologies that deliver more value from less resources for more people.

Venture Center "unrestricted" Corpus

Income from this corpus shall be directed towards purposes decided by the Board of Venture Center as per the emerging needs from time to time.

Expense funds (donated funds are directed to expenses)

Expense head

Purpose

Unrestricted use by Venture Center

This fund shall be directed towards purposes decided by the Board of Venture Center as per the emerging needs from time to time.

You can donate to us using any of the below means: 

By Cheque/Draft

Please make your cheque/draft in the name of 
Entrepreneurship Development Center
and send it to the:

General Manager, Venture Center,
100, NCL Innovation Park,
Dr. Homi Bhabha Road,
Pune - 411008 India

For Bank Transfers (Indian Nationals) 

Company Name

Entrepreneurship Development Center

Company’s Account Number

007301042170

Company’s Bank Name

ICICI Bank

Bank Branch

Aundh, PUNE

Bank Branch address

Gulmohar park, Plot no 1A, ITI road, Aundh, Pune – 411007

IFSC code

ICIC0000073

Account Type

Savings A/c

Note: GST Registration State - MAHARASHTRA | GST Number - 27AADCE4846J1ZE

Once you transfer to our bank account, please let us know on finance@venturecenter.co.in with your full name, PAN number, and postal address.

Please intimate us on finance@venturecenter.co.in 

For Bank Transfers (Foreign Nationals)

Please email us at  finance@venturecenter.co.in and we will get in touch with you.