Major Objectives:

• Bridge the gaps in the startup ecosystem in Tier-II and Tier-III cities, especially in terms of funding and mentorship.

• Provide financial assistance to startups at various stages, including pilot projects and early-stage ventures.

• Build capacity in these regions through workshops, boot camps, conferences, and more.

Key Highlights of the Genesis EiR Scheme:

·        Financial Assistance: Grant up to Rs. 10 Lakhs

·        Mentorship: Expert guidance from industry leaders, domain experts, and IITG-TIC’s network.

·        Access to Resources: State-of-the-art facilities, co-working spaces, and technical support at IITG-TIC.

·        Networking Opportunities: Connect with a thriving ecosystem of entrepreneurs, investors, and innovators.

Eligibility Criteria:

1.      Entrepreneur Eligibility:

·        Must be an Indian citizen and at least 18 years old.

·        Should be a first-generation entrepreneur committed to working full-time on the startup idea during the EiR program.

2.      Startup/Idea Eligibility:

·        Focus on ideation, validation, or early-stage technology innovation in sectors like Electronics, IT, emerging technologies (AI, IoT, blockchain), or digital solutions addressing societal challenges.

·        Must be original, scalable, and impactful, especially in Tier-II and Tier-III cities.

·        Should not have received significant external funding (> ₹10 lakh).

3.      Funding and Financial Eligibility:

·        Clear, actionable plan for grant utilization (e.g., prototype development, market research).

·        No prior substantial funding from private or government sources for the same idea.

4.      Legal Compliance:

·        If already incorporated, the startup must be registered as a Private Limited Company or LLP, not older than 1 year.

5.      Regional Priority:

·        Startups and entrepreneurs from Tier-II and Tier-III cities will be prioritized to promote regional innovation.

Required Documents:

1.      Proof of Identity.

2.      Proof of Address.

3.      For incorporated startups: Certificate of Incorporation and PAN.

4.      Detailed Business Proposal, including problem statement, solution, and intended use of EiR support.

5.      Declaration of no significant external funding (where applicable).