Open Applications - GENESIS MATCHING INVESTMENT

AIC SMUTBI is calling applications for the Genesis Scheme – Matching Investment Funding under the MeitY Startup Hub (MSH) 

If your startup is raising funds from venture capitalists or angel investors, this is your chance to raise matching funds up to ₹50 Lakhs! 💰

📍 Eligible Sector:

 HealthTech | IoT | Robotics | DeepTech | FinTech | Blockchain | Cybersecurity | AI/ML | EdTech | ICT.

📍 Eligibility criteria:

   ▪️Must be a registered Indian entity (Private Limited Company) with at least 51% Indian ownership.

   ▪️Must be registered in a Tier-II or Tier-III city.

   ▪️Must have a valid DPIIT certificate.

   ▪️Must have a market-ready product and preferably be       revenue-generating.

   ▪️Preference is given to startups with granted patents.

   ▪️Funding is a 1:1 matching grant ranging from up to 50  lakhs based on external funds raised ( government grants are not considered ).

   ▪️Cannot be a startup previously supported under the TIDE 2.0 (Scale up) or Samridh schemes.

   ▪️The funding instrument is equity.