ELEVATE Idea2PoC Grant-in-Aid Fund Scheme

About

The ELEVATE Idea2PoC Grant-in-Aid Fund Scheme, organized by the Karnataka Government, offers a one-time grant of up to ₹500,000 to support early-stage startups in transitioning from idea to product prototype, providing essential funding without repayment obligations, aimed at fostering innovation across various industries.

Benefits

• 💰 Financial Support
• One-time grant of up to ₹500,000 to support early-stage startups.
• 📈 Business Support
• Assistance in market development and scaling of products.
• 🎓 No Repayment Required
• Funds do not need to be repaid, alleviating early financing pressure.
• 🌐 Innovation Focus
• Encourages innovative projects across multiple industries.
• 🎤 Prototype Development
• Supports the transition from idea to product prototype.

Eligibility Criteria

• 🌍 Geographic Eligibility
• Open to startups based in Karnataka, India.
• 🏢 Legal Status
• Must be a legally registered startup company.
• 💼 Business Stage
• Targeted at early-stage startups, particularly those in the prototype development phase.
• 💰 Financial Requirements
• Startups can apply for funding up to ₹500,000.
• 👥 Team Requirements
• Startups must demonstrate innovation in their projects.

Participation Commitments

• 📍 Application Submission
• Must submit a complete application through the official website.
• ⏰ Time Commitment
• Engagement in the program as required for funding utilization.
• 🎤 Reporting Requirement
• Participants may need to report on the use of funds and project progress.

Target Region

Karnataka, India

Target Sector

Innovation and Technology Startups