SAMRIDH Program (2nd Cohort)

About

The SAMRIDH Program (2nd Cohort) by the Software Technology Parks of India is an exciting opportunity for startups in India, particularly those in the scaling or growth stages, to receive up to INR 40 lakhs in matching funding while gaining invaluable access to customer and investor connections, industry experts, and networking opportunities, all aimed at accelerating their innovative solutions or products in emerging sectors utilizing Industry 4.0 technologies.

Benefits

• Matching funding contribution of up to INR 40 lakhs
• Access to customer connections
• Investor connections
• Networking opportunities
• Industry expert connect
• Product showcase opportunities

Eligibility Criteria

• Startups must be a Private Limited Company
• Registered with DPIIT under the Startup India program
• Working in emerging sectors using Industry 4.0 technologies
• In scaling, growth stage, or planning expansion
• Generated a revenue of at least Rs. 5.00 Lakhs with a minimum 1-year audited balance sheet and filed ITR
• Raised a minimum of Rs. 10.00 Lakhs from external investors (not applicable for bootstrapped startups)
• Preference for startups demonstrating traction, preferably between Seed and Early-Growth stages
• Startups with ready investors or VCs for funding
• Building a scalable product or service with a significant total addressable market and defensible growth model