Provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. This scheme bridges the gap between ideation and venture capital funding.
Eligibility criteria
DPIIT-recognized startups
Incorporated not more than 2 years ago
Not received more than ₹10 lakhs from other government schemes
Must have a scalable business idea with market fit potential
Should be using technology in its core product/service
Benefits
Up to ₹20 lakhs as grant for proof of concept
Up to ₹50 lakhs as debt/convertible debentures
No equity dilution for grants
Mentorship from incubators
Access to startup ecosystem
Application process
1
Register on Startup India portal
2
Get DPIIT recognition for your startup
3
Apply through an approved incubator
4
Submit business plan and financial projections
5
Incubator evaluates and recommends your application