GENESIS

1. Eligibility for Implementing Agencies (IAs)
2. The applicant Implementing Agency must be a legal entity and must fall under one of the following categories
3. The applicant should be an entity registered under Section 8 of the Companies Act; OR
4. The applicant should be a society registered under the Societies Registration Act, 1860; OR
5. The applicant should be a trust registered under the Indian Trusts Act, 1882; OR
6. The applicant should be a statutory body created through an Act of the legislature.
7. The applicant may also be an Incubator, Accelerator, or Educational Institute recognised by the University Grants Commission (UGC) / All India Council for Technical Education (AICTE), or formed under a Central/State Act.
8. The applicant should be an entity engaged in supporting startups as part of the startup ecosystem.

Eligibility for Startups

1. The applicant should be a beneficiary of MeitY Schemes or should be registered with MeitY Startup Hub (MSH).
2. The applicant should be a startup registered with the Department for Promotion of Industry and Internal Trade (DPIIT).
3. The shareholding by Indian promoters in the applicant startup should be at least 51% at the time of application to the incubator for the scheme, as per the Companies Act, 2013.
4. The applicant startup should have a full-time Chief Executive Officer (CEO).
5. The applicant startup should have market-ready products and should be seeking funds for business development and commercialisation (applicable in certain categories).

• The scheme provides support across 4 components

Investment Support

• Private-sector matching funding at 1:1 for the investment component of the scheme.
• Average funding of ₹40,00,000/- (₹40 Lakhs), up to a maximum of ₹50,00,000/- (₹50 Lakhs) per startup.
• Matching fund requirement: Yes (1:1 private sector match).

Pilot (Proof-of-Concept) Support

• Pilot funding to startups with average funding of ₹40,00,000/- (₹40 Lakhs), up to ₹50,00,000/- (₹50 Lakhs).
• Matching fund requirement: None.
• Ideation Support (Entrepreneur in Residence — EiR
• Supports early-stage startups with funding of up to ₹10,00,000/- (₹10 Lakhs).

Deep-tech Startup Support

• Provision to support select Deep-tech startups with funding support of an upper ceiling of ₹1,00,00,000/- (₹1 Crore) per startup.

Non-Monetary Benefits

• GENESIS Startup Platform: A single-window solution for all startup-centric schemes of MeitY, programmes, and initiatives targeted towards Tier-2 and Tier-3 cities and towns.
• Challenges Execution: Sourcing, executing, monitoring, and reporting on challenges and supporting startups.
• Corporate and Institutional Partnerships: Building linkages with global startup ecosystems and aggregating resources from global and local industries, institutions, and agencies for the benefit of startups.

1. Average funding of ₹40,00,000/- (₹40 Lakhs), up to a maximum of ₹50,00,000/- (₹50 Lakhs) per startup.
2. Pilot funding to startups with average funding of ₹40,00,000/- (₹40 Lakhs), up to ₹50,00,000/- (₹50 Lakhs).
3. Supports early-stage startups with funding of up to ₹10,00,000/- (₹10 Lakhs).
4. Provision to support select Deep-tech startups with funding support of an upper ceiling of ₹1,00,00,000/- (₹1 Crore) per startup.

For Implementing Agencies

• Certificate of Registration (Section 8 Company / Society Registration under Societies Registration Act, 1860 / Trust Deed under Indian Trusts Act, 1882 / Statutory Notification under relevant Act).
• Recognition Certificate from University Grants Commission (UGC) or All India Council for Technical Education (AICTE) (applicable for Educational Institutes only).
• Proof of engagement in supporting startups (such as details of incubation/acceleration programmes run by the entity).

For Startups

• Department for Promotion of Industry and Internal Trade (DPIIT) Registration Certificate.
• MeitY Startup Hub (MSH) Registration Certificate or proof of being a beneficiary of a MeitY Scheme.
• Certificate of Incorporation / Registration documents of the startup.
• Shareholding Pattern Document, evidencing at least 51% shareholding by Indian promoters at the time of application (as per the Companies Act, 2013).
• Appointment Letter or Proof of Full-Time Chief Executive Officer (CEO).
• Product Demonstration / Market-Readiness Document (applicable for categories requiring market-ready products and seeking funds for commercialisation).
• Proof of Matching Funds from Private Sector (applicable for Investment Support component only — 1:1 matching required).