Venture Center

Gen-Next Support for Innovative Startups (GENESIS)

More Info
msh.meity.gov.in
Organization
MeitY StartupHub
Fund type
Fellowships | Equity | Grant
Source
Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Automation, mobility | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles | Space and Aviation | Edtech, Fintech | Other sectors
Target
Private Limited Company | Limited Liability Partnership | Individual- students | Individual- Innovators | Individual- researcher
Fund range
< Rs. 10 lakhs | Rs. 10 lakhs- Rs. 25 lakhs | Rs. 25 lakhs- Rs. 50 lakhs
Fund stages
A. Technology Development | B. Patent Protection | D. Technology Scale-up/ Validation / De-risking

Scheme provides focused funding support to Early-stage and deep-tech startups from Tier-II/ III cities in the form of EIR support, pilot/Investment support.

Purpose

Major objectives of the Scheme:

  • Consolidation of startup related schemes and assets of MeitY for greater efficiency, asset utilization and enhanced support for startups.
  • Provide Tier-II/ III cities focused funding to critically support Pilot/ Investment, Early-stage and deep-tech startups.
  • Strengthening Incubators, building stronger startup ecosystem via capacity building initiatives in Tier II/ III cities.