Ideation grant For Pre Seed Stage Startups

This incentive only applies to Pre-Seed stage startups.

All Pre-seed stage startups registered under the iStart program shall be eligible to a grant of INR 2,40,000, provided the idea meets the criteria set by the Evaluation Committee, as notified by the government from time to time. Startups which have more than 50% equity with women founders will be provided an additional INR 60,000.

Viability grant for Seed Stage Startups

This incentive only applies to Seed stage startups.

Startups registered under the iStart program of the Government shall be eligible for Viability grant. The eligibility and provision for the incentive will be notified by the government from time to time.

Growth Stage Of The Funding

The State shall provide additional support to enable Startups to scale up their venture once they have qualified the criteria set by the Committee, as notified by the Government from time to time.

Scale Up Fund

The State shall provide financial support to Growth Stage startups through Scale up Fund, upto a maximum of 50% of the total amount raised. The Fund will be provided as debt convertible to grant. The eligibility and provisions for the Fund will be notified by the Government from time to time.

Startup Equity Fund

The State has setup an Alternative Investment Fund (AIF) to provide funding support to Startups in the form of equity. The government will match the amount of fund raised by the eligible Startup upto INR 5 Crore per Startup. A Growth Stage Startup will have an option to choose between Scale up Fund and Startup Equity Fund.