GEN-NEXT Support for Innovative Startups (GENESIS)

> The scheme provides support across 4 components:

1. 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).

1. 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.

1. Ideation Support (Entrepreneur in Residence — EiR:

• Supports early-stage startups with funding of up to ₹10,00,000/- (₹10 Lakhs).
• Matching fund requirement: None.

1. 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.
• Matching fund requirement: None.

1. 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.
• Capacity Building and Performance Optimisation: Optimising and enhancing the performance of MeitY assets, programmes, and schemes via capacity-building programmes.
• Building a self-sustaining "community of communities": Creating awareness and engagement of a larger number of startups via effective and pervasive media and marketing programmes.

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> Eligibility for Implementing Agencies (IAs):

The applicant Implementing Agency must be a legal entity and must fall under one of the following categories:

1. The applicant should be an entity registered under Section 8 of the Companies Act; OR
2. The applicant should be a society registered under the Societies Registration Act, 1860; OR
3. The applicant should be a trust registered under the Indian Trusts Act, 1882; OR
4. The applicant should be a statutory body created through an Act of the legislature.
5. 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.
6. 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).

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Step 1: Visit the Official Portal: Go to the official MeitY Startup Hub website at https://msh.meity.gov.in/ to access all scheme-related information, notifications, and the application portal.

Step 2: Review eligibility criteria for either Implementing Agencies or Startups as detailed in Section 4 of this document, and confirm that all conditions are met before applying.

Step 3: Register on the GENESIS Startup Platform (described as a single-window solution for all MeitY startup-centric schemes) or log in if already registered with MeitY Startup Hub (MSH).

Step 4: Identify the relevant funding/support component — Ideation Support (Entrepreneur in Residence), Pilot (Proof-of-Concept) Support, Investment Support, or Deep-tech Startup Support — based on the stage and nature of the startup.

Step 5: Fill in the application form and upload all required documents as listed in Section 5. Ensure that the DPIIT Registration Certificate, shareholding pattern, and other relevant documents are ready before submission.

Step 6: Implementation partners and startups are selected under the GENESIS Scheme by an expert committee based on a defined and structured selection process.

Step 7: Once selected, startups are monitored through the GENESIS platform. Progress, milestone achievement, and fund utilisation are tracked and reported.

> Contact for Queries:

> For any queries, contact MeitY Startup Hub at meity-sthub@gov.in or call 011-24301244. Office: MeitY Startup Hub, 2044, Electronics Niketan, 6, CGO Complex, Lodhi Road, New Delhi – 110003

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