Chandigarh grant of ~$13,000 backs Panjab University materials startup
What's the deal? Advanced Functional Material Technologies (AFMTech), a Panjab UniversityDealroom has a profile for this one. Try Dealroom →-incubated startup, has secured a ₹12 lakh (≈$13,000) commercialisation grant from the Chandigarh Administration. The award funds development and market deployment of indigenous targets for advanced materials and semiconductor applications.
Why now? The Chandigarh Administration on Wednesday distributed grants worth ₹2 crore to eight startups and four incubators under the Chandigarh startup policy 2025. The ceremony, held at the new UT Chandigarh secretariat, was attended by administrator Gulab Chand Kataria as chief guest.
What's the endgame? AFMTech is a women-led, faculty-led venture incubated at the Panjab University Incubation CentreDealroom has a profile for this one. Try Dealroom →, which was established with support from RUSA 2.0. The grant aims to accelerate its move from research to commercial deployment.
Across the wider disbursement, the eight startups shared ₹85 lakh, while four incubators were sanctioned ₹1 crore. The grants will be released in phases through the respective parent incubators.
Kataria said timely financial and institutional support could help emerging enterprises scale their ideas, create employment, and contribute to Chandigarh's economic growth. Industries secretary Nishant Kumar Yadav outlined key provisions of the policy and the application process for participants.
The signal: At roughly $13,000, AFMTech's grant sits at the smallest end of the funding spectrum — but early public capital of this kind is how deep-tech ventures in materials and semiconductors bridge the gap from lab to market.
Read more: hindustantimes.com
Image credit: Idaho National Laboratory
