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About MeitY GENESIS Matching Investment Program

The Ministry of Electronics and Information Technology (MeitY) launched the GENESIS (Gen-Next Support for Innovative Startups) scheme to support startups working in cutting-edge technologies and digital innovation. This initiative aims to nurture and empower entrepreneurs from Tier II & Tier III cities to transform their innovative ideas into successful ventures, contributing to the Indian economy and technological progress. The Pilot Program aims to enable startups, particularly from Tier-II and Tier-III cities, to validate and demonstrate their market-ready solutions through pilot projects with corporates, PSUs, and large enterprises.

Key Features

  • Financial Assistance: Funding support upto INR 40 Lakhs for product deployment.
  • 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.

Startup Eligibility Criteria

To be eligible for the program, a startup must meet the following 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.
  • Should be working on ICT-related domains: IT & AI, electronic design & manufacturing, tech/deeptech products
  • Should not have received funding support under MEITY TIDE 2.0 Scaleup Investment or MEITY SAMRIDH Scheme
  • Must have a Minimum Viable Product or Working Prototype, Viable Business Plan and Full-Time founders/co-founders.
  • Must have a Pilot work order/ Purchase order from any of the following:
    • Government of India
    • State Governments
    • Fortune Five Hundred Companies
    • Corporate companies with:
      • Minimum turnover of ₹75 crore+ in the last audited financial year
      • At least 5 years of operations
    • Public Sector Undertaking
    • Unicorn startups
  • Preference may be given to startups with granted patents.
  • Must not be involved in any legal disputes.

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.