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Catalyzed by IIT Madras Research Park (IITMRP) in partnership with Unicorn India Ventures, the fund will back IP-led, engineering-heavy startups across strategic sectors including Robotics, SpaceTech, DefenceTech, Semiconductors, MedTech, Quantum and more - aligned with national priorities.

Sector agnostic fund

For MSME units in operation for at least three years.

The grant is for innovative businesses that improve the lives of those in need so that they can be more socially and financially resilient.

This includes businesses which  provide access to areas such as food and nutrition, basic education, and healthcare, including mental health, equipping people with tools to better manage daily stress, build self-esteem, and foster stronger community connections. Also businesses which provide skills and tools to improve financial and digital literacy, and improve access to upskilling opportunities for better employability are included in the program.

Businesses must be registered and operating in one of the 5 markets: Singapore, Hong Kong, India, Indonesia or Taiwan.

The program has two problem statements:

1. Develop and demonstrate a non-lithium energy storage solution that can be deployed at distribution transformer (DT) voltage level that can operate individually or in coordinated fleets to reliably meet local peak demand.
2. Develop a hyperlocal, AI-driven forecasting platform that enables DISCOMs to accurately predict net grid demand by simultaneously modeling distributed renewable energy (DRE) generation—including rooftop solar and decentralized solar assets under schemes such as PM KUSUM—alongside weather-sensitive consumption patterns, particularly cooling loads driven by rising air-conditioner penetration.

Businesses that are near-profitable or profitable requiring growth equity

To strengthen India's strategic capabilities and self-reliance in defence and aerospace by enabling breakthroughs in autonomy, advanced manufacturing, materials, propulsion, and secure systems. 

For Startups at the pre-seed or seed stage, essentially those seeking their first institutional investment in the aerospace, defence, and space-tech domains.

Applications invited from women-led early-stage startups looking to scale. 

 ADITI (Acing Development of Innovative Technologies with iDEX) calls have problem statements from Indian Army, Navy and Air Force for which resolution can be provided by Innovators, Startups and MSMEs.

Calls are open at different times of the year.

Grants upto Rs.1.5 cr.

The fund invests in startups from Pre-Seed to Series A, focusing on areas like space tech, synthetic biology, climate tech, robotics, AI/ML infrastructure, advanced materials, and other frontier technologies. Their approach is hands-on, partnering early with exceptional scientists, engineers, and domain experts to shape the future.

The RDIF is designed to accelerate investment in India's R&D and Innovation ecosystem. It is meant to support private sector enterprises, startups, and industries working in sunrise and strategic sectors to transform ideas into globally competitive technologies and products.

The scheme shall provide financing up to 50% of the total assessed project cost. The remaining cost must be met by the project proponent through self-financing or commercial sources. In exceptional cases or strategic sectors, this limit may be relaxed with the approval of the EGoS.

For graduates/ graduating students 2026 or early stage startups.

• The Scheme shall invest only in Start-ups recognized by DPIIT and incorporated in India.
• The Scheme will make investment of upto a maximum of ₹25 crore in one Start-up, subject to AIF Regulations.
• The Scheme will invest in equity, compulsorily convertible preference shares, or other equity related instrument.
• The Scheme may reinvest in successful Portfolio Companies during subsequent funding rounds to build upon its initial investments.

The fellowship is open to:

Biomedical and healthcare innovators & entrepreneurs (independent, startup affiliated, or research institution affiliated)

Postdoctoral researcher/scientists working on translational or applied healthcare problems

Clinician and physicians from medical colleges and healthcare institutions

Public health professionals building or implementing solutions at scale

To support Indian origin and international researchers, entrepreneurs, clinicians, and innovators who are committed to relocating to Indian institutions and building sustainable 'impact engines’.

For Indian Startups & Companies (innovators and bio-entrepreneurs) developing solutions that:
  ► Reduce greenhouse gas emissions and carbon burden through biotechnology
  ► Enable climate-resilient and climate-friendly healthcare
  ► Promote climate-resilient and climate-friendly agriculture

Eligibility: 

Business which have crossed annual turnover of Rs. 50 lakhs/ Rs. 1 cr (depending on application category) or will be doing so in the next 2 years

Employed two or more people

From any sector in India

A special category for Young entrepreneurs (below age 25)

For startups with women founders holding over 51% stake

The scheme provides grants, technical guidance and mentoring to individual innovators by incubating their idea towards the creation of new enterprises in phases. It also provides grant-in-aid support to technology solution providers developing technology solutions aimed at helping MSME cluster.

The Startup should be incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in Karnataka. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded INR 100 Crores.

For Elevate Unnati- At least one of the Director(s)/ Partner(s) or collectively must belong to the SC/ST community and such SC/ST member(s) must hold a minimum of 70% equity in the company/ firm.

For Elevate Minorities-At least one of the Director(s)/ Partner(s) or collectively must belong to the Minority community and such Minority member(s) must hold a minimum of 51% equity in the company/ firm.