GENESIS - PILOT FUNDING PROGRAM

About

The GENESIS - PILOT FUNDING PROGRAM, organized by MeitY Startup Hub and Amrita Technology Business Incubator, offers significant funding support for innovative startups in India, particularly in tier-2 and tier-3 cities, to execute pilot projects in collaboration with large enterprises, enhancing their credibility and market readiness while providing networking and mentorship opportunities.

Benefits

• Funding support for executing pilot projects to bridge the gap from MVP to commercialization
• Validation of technology and market solutions through collaboration with large enterprises, enhancing credibility and visibility
• Business validation and revenue growth opportunities with future investors and customers
• Networking and collaboration opportunities with key stakeholders in ICT, AI, electronic manufacturing, and deep tech
• Guidance, mentoring, and support from the incubator
• Enhanced industry-startup collaboration to promote digital transformation and growth.

Eligibility Criteria

• Startups must operate in ICT-related fields such as IT and AI, electronic design and manufacturing, or deep tech products
• Must be DPIIT registered startups
• Must have a minimum viable product (MVP) or working prototype and a viable business plan
• Founders must be full-time
• Focus on scalable startups with significant impact, especially in tier-2 and tier-3 cities
• Not eligible if already received TIDE 2.0 or SAMRIDH funding
• Pilot partners must have a minimum turnover of 7.5 billion INR in the past year and be operational for at least 5 years, with preference for government entities, PSUs, Fortune 500 companies, large Indian or global firms, and unicorns.