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Accelerators and Incubators

Government funding schemes

Startup India Seed Fund Scheme

'An initiative to spur entrepreneurship across India'... The Indian startup ecosystem suffers from capital inadequacy in the seed and ‘Proof of Concept’ development stage. The capital required at this stage often presents a make or break situation for startups with good business ideas. Many innovative business ideas fail to take off due to the absence of this critical capital required at an early stage for proof of concept, prototype development, product trials, market entry and commercialization. Seed Fund offered to such promising cases can have a multiplier effect in validation of business ideas of many startups, leading to employment generation. Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

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Startup India Investor Connect

'Empowering the change agents'... :Helping Investors discover the Startups solving complex problems and attracting them as per matching Fund Portfolio’ Startup India Investor Connect is a platform that connects startups with investors to facilitate investment opportunities through AI based matchmaking. Through this, entrepreneurs will be able to directly reach out to multiple investors using one single application and pitch their startup idea.

    Features of the scheme :

  • AI Based Matchmaking - Use AI Based Matchmaking to connect startups with investors

  • Investment Opportunities - Facilitate Investment in Startups

  • Marketplace - Create a virtual marketplace of investors for innovative startups

  • Access in Emerging Cities - Enable connects between investors and startups in emerging cities

  • Resources - One of the largest online platforms for entrepreneurship in India that allows startups to create a network and participate in programs conducted by Investors.

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Credit Guarantee Scheme for Startups

The Government of India established the Credit Guarantee Scheme for Startups (CGSS) with a fixed corpus for providing credit guarantees to loans extended to DPIIT recognised startups by Scheduled Commercial Banks, Non-Banking Financial Companies (NBFCs) and Venture Debt Funds (VDFs) under SEBI registered Alternative Investment Funds.

CGSS does not provide guarantee cover to DPIIT recognised startups directly, but through a Trustee (NCGTC), which in turn provides guarantee cover to MIs who provide loans to startups. The instruments of assistance would be in the form of Venture debt, working capital, subordinated debt/mezzanine debt, debentures, optionally convertible debt and other fund-based as well as non-fund-based facilities, which have crystallised as debt obligations. Credit guarantee coverage under this model would be either transaction-based or umbrella-based. The CGSS is aimed at providing credit guarantee up to a specified limit against loans extended by Member Institutions to finance eligible borrowers viz. Startups as defined in the Gazette Notification issued by the Department for Promotion of Industry and Internal Trade and amended from time to time.

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Electronics Hardware Technology Park Scheme by Ministry of Electronics and Information Technology (MeitY)

The Software Technology Park (STPs) and Electronic Hardware Technology Park (EHTP) schemes are initiatives aimed at promoting software and electronics hardware development for exports in India. These schemes provide specific benefits and eligibility criteria for interested units. STPs are export oriented projects catering to the needs of software development for exports. STPs can be set up by the Central Government, State Government, Public or Private Sector Undertakings or any combination thereof. An STP may be an individual unit by itself or it may be one of such units located in an area designated as STP Complex by the Ministry of Information Technology. The Government has already set up STPs at Pune, Bangalore, Bhubaneshwar, Hyderabad, Thiruvananthapuram, Gandhinagar and Noida. In these Parks all the required facilities are made available. The STP Scheme is administered by the Ministry of Information Technology.

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NIDHI Programme by Ministry of Science & Technology

National Initiative for Developing and Harnessing Innovations (NIDHI) is an umbrella program conceived and developed by the Innovation & Entrepreneurship division, Department of Science & Technology, Government of India, for nurturing ideas and innovations (knowledge-based and technology-driven) into successful startups. The program would work in line with the national priorities and goals and its focus would be to build an innovation-driven entrepreneurial ecosystem with an objective of socioeconomic development through wealth and job creation. NIDHI aims to nurture start-ups through scouting, supporting, and scaling innovations.

    The key components of NIDHI are :

  • NIDHI-GCC - Grand Challenges and Competitions for scouting innovations

  • NIDHI-PRomotion and Acceleration of Young and Aspiring technology entrepreneurs (NIDHI-PRAYAS) - Support from Idea to Prototype.

  • NIDHI-Entrepreneur In Residence (NIDHI-EIR) - Support system to reduce risk

  • NIDHI-Technology Business Incubator (TBI) - Converting Innovations to start-ups

  • NIDHI-Accelerator - Fast tracking a start-up through focused intervention

  • NIDHI-Seed Support System (NIDHI-SSS)-Providing early stage investment

  • NIDHI Centres of Excellence (NIDHI-CoE) - A World-class facility to help startups go global

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Raw Material Assistance Scheme by Ministry of Micro, Small and Medium Enterprises

Raw Material Assistance Scheme aims at helping MSMEs by way of financing the purchase of Raw Materials (Both indigenous & imported). This gives an opportunity to MSMEs to focus better on manufacturing quality products.

    Eligibility Criteria :

    The Entrepreneurs are required to apply for Raw Material Assistance only on the prescribed application forms. The application forms downloaded from the link given below may be filled and can be submitted to the nearest Branch Office. The blank forms are also available free of charge from the Branch offices.

    Benefits :

    Facilitating procurement of Raw Material with credit support up to 180 days SMEs helped to avail Economics of Purchases like bulk purchase, cash discount etc.

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TRADE RELATED ENTREPRENEURSHIP ASSISTANCE & DEVELOPMENT (TREAD) FOR WOMEN by Ministry of Micro, Small and Medium Enterprises

Women have been among the most disadvantaged and oppressed section of our country with regard to access to and control over resources. Problems faced by them continue to be grave particularly for illiterate & semi-literate women of rural and urban areas In order to alleviate their problems, Govt. Of India launched a scheme entitled " Trade Related Entrepreneurship assistance and Development" (TREAD).The scheme envisaged economic empowerment of such women through trade related training, information and counselling extension activities related to trades, products, services etc. The Scheme provided for Market Development, financial loans through NGO's who were also provided grant for capacity building. This assistance was to be provided for self-employment ventures by women for pursuing any kind of non-farm activity.

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Biotechnology Industry Partnership Program (BIPP) by Biotechnology Industry Research Assistance Council (BIRAC)

The present scheme on Biotechnology Industry Partnership Programme (BIPP) is a government partnership with Industries for public support on a cost sharing basis for: Path-breaking research in frontier futuristic technology areas having major economic potential and making Indian industry globally competitive and focused on IP creation with ownerships by Indian industry and where relevant, collaborating scientists. The development of appropriate technologies in the context of recognized national priorities in the area of agriculture, health, bioenergy, green manufacturing, when the scale of the problem has serious consequences for social and economic development. Total fund disbursed: Rs. 523.79 Crore

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BIRAC Incubators SEED Fund by Biotechnology Industry Research Assistance Council (BIRAC)

The basic idea of SEED Fund is providing Capital assistance to startups with new and meritorious ideas, innovations and technologies. This would enable some of these start-ups to graduate to a level where they will be able to raise investments from angel/Venture capitalist or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support is positioned to act as a bridge between promoter’s investment and Venture/Angel investment. This is not an investment scheme, but, rather a support scheme to enable start-ups and incubator to attain sustainability.

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CENT STAND UP INDIA by Central Bank of India

CENT STAND UP INDIA is an initiative by the Central Bank of India aimed at supporting entrepreneurship and business initiatives for individuals and communities belonging to Scheduled Castes (SC) and Scheduled Tribes (ST). The purpose is to set up a new Green Field New Enterprise in the manufacturing, trading, or services sector by SC/ST/ Women entrepreneurs. Please note that the scheme is not applicable for existing units or expansion purposes.

    Eligibility Criteria :

    SC/ST and /or Woman Entrepreneurs, above 18 years of age. In case of non-individual enterprises, 51% of the shareholding and controlling stake should be held by either SC/ST and/or Women Entrepreneur.

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Development of Solar Parks and Ultra Mega Solar Power Projects by Ministry of New and Renewable Energy Sources Schemes

Solar power projects can be set up anywhere in the country, however, the solar power projects developed in a scattered manner lead to higher project cost per MW and higher transmission losses. Individual projects of smaller capacity incur significant expenses in site development, drawing separate transmission lines to the nearest substation, procuring water, and creating other necessary infrastructure. It also takes longer for project developers to acquire land, get all types of clearances and permissions, etc. which ultimately delays the project. To overcome these challenges, the scheme for “Development of Solar Parks and Ultra-Mega Solar Power Projects” was rolled out in December 2014 with an objective to facilitate the solar project developers to set up projects expeditiously. Under the scheme, the Ministry provides Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report (DPR). Besides this, CFA of up to Rs. 20.00 lakh per MW or 30% of the project cost, including Grid-connectivity cost, whichever is lower, is also provided on achieving the milestones prescribed in the scheme.

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ADITI Scheme by Dept. of Defense Production

The ADITI Scheme, which is a sub-scheme within iDEX with an outlay of Rs 750 crore covering the period of 3 years from 2023–2024 to 2025-2026 was launched by Hon’ble Defence Minister during DefConnect 2024 on 4th March 2024. The scheme has been launched to encourage innovations in critical and strategic defence technologies. Technologies deemed ‘Critical and Strategic’ encompass Satellite communication applications, advanced cyber technology, autonomous weapons, cyber weapons, nuclear technologies, advancement in semiconductor technology, Artificial Intelligence (AI), Quantum Technologies (QT), advanced underwater surveillance systems and others. Critical and strategic technologies will increasingly drive innovation and modernisation efforts of the Indian Armed Forces to bolster combat potential and capacity building. The ADITI Scheme aims to foster the development of critical and advanced technologies essential for national security, filling gaps where existing capabilities are lacking.

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