CIIF MeitY GENESIS (Gen-Next Support for Innovative Startups)

Key Features of the Scheme

• Financial Assistance: Funding support of upto INR 10 Lakhs for prototype development, product creation, and scaling.
• Mentorship: Access to industry leaders and experts for guidance and technical assistance.
• Infrastructure Support: State-of-the-art facilities, including co-working spaces, labs, and testing centres.
• Networking Opportunities: Platforms to connect with investors, corporates, and government bodies.
• Training Programs: Workshops, bootcamps, and courses for skill enhancement.

Eligibility Criteria

• The applicant must be an Indian citizen, at least 18 years old at the time of application, and a first-generation entrepreneur dedicated to working full-time on the proposed startup idea throughout the EiR program.
• The startup should be in the ideation, validation, or early-stage phase, with total external funding (including government grants) not exceeding ₹10 lakh.
• The startup must focus on technological innovation aligned with the objectives of the GENESIS scheme, targeting areas such as Electronics & IT, emerging technologies (e.g., AI, IoT, blockchain), and digital solutions that address societal challenges in health, education, agriculture, or sustainability.
• The startup should demonstrate potential for scalability and a measurable impact, particularly in Tier 2 and Tier 3 cities.
• The startup must be registered as a Private Limited Company or Limited Liability Partnership (LLP) under Indian laws.
• Neither the applicant nor the startup should have received substantial prior funding for the same idea. A detailed plan for utilizing EiR support, such as for prototype development, market research, or customer validation, must be provided.

Why Choose Chitkara Innovation Incubator Foundation?

As an approved partner for the MeitY GENESIS scheme, Chitkara Innovation Incubator Foundation provides an ecosystem that fosters innovation and growth. With a track record of successful incubations, we offer unparalleled support in mentorship, funding, and networking.