About MeitY GENESIS Pilot 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 against 3% equity (maximum).
- 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:
- DPIIT-recognised startups incorporated in a Tier 2 or Tier 3 city, 1-5 years old, with Indian founders holding at least 51%.
- An MVP or working prototype, and at least one full-time founder.
- A Pilot PO/WO of ₹1 lakh–₹1 crore from an eligible, independent Pilot Partner, covering deployment of the startup's own product.
- Cumulative revenue up to ₹1.5 crore.
- Prior government funding up to ₹40 lakh and prior private funding up to ₹1.5 crore.
- Beneficiaries of TIDE 2.0 (Scale-up), SAMRIDH or the GENESIS Investment Component, and startups in an ongoing GENESIS EIR cohort, are not eligible.
- MSH & MeitY reserve the right to amend or modify the selection procedure, as deemed necessary.
- The decision of the Expert Committee shall be final
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.