In order to promote and empower startup ventures and boost entrepreneurship, economic growth, and employment across the country the government launches various kinds of schemes. Today we are going to tell you about such a scheme launched by the ministry of electronics and information technology called the MeitY SAMRIDH Scheme. Through this scheme, the government is going to provide funding to the startups. By reading this article you will get to know complete details regarding the scheme like its application procedure, benefits, features, eligibility, registration process, objective, required document, etc. So if you are interested in getting the benefits of the MeitY SAMRIDH Scheme then you are requested to go through this article very carefully.
Key Highlights Of SAMRIDH Scheme
| Name Of The Scheme | MeitY SAMRIDH Scheme |
| Launched By | Ministry Of Electronics And Information Technology |
| Beneficiary | Startups |
| Objective | To Provide Funding To The Startups |
| Official Website | Click Here |
| Year | 2021 |
| Financial Assistance | Rs 40 Lakh |
| Mode Of Application | Online/Offline |
About SAMRIDH Scheme 2021
The Government of India provides various kinds of benefits in the form of initiative and financial support in order to push the startup ecosystem. Because of this support many citizens are inspired to start their own business so the ministry of electronics and information technology has come up with the MeitY SAMRIDH Scheme so that all those software startups who have brilliant solutions and proof of concept for their product can get financial support.
- Through this scheme a platform will be provided to startups so that they can enhance their product and secure investment in order to scale their business. The existing and upcoming accelerators will be provided support for extending their services. The government is going to provide a funding upto Rs 40 lakh to startups under this scheme according to their current valuation and growth stage through accelerators.
- The accelerators are invited to apply online to become partners with MeitY and provide a startup accelerator program of 6 months every year. This scheme will support around 300 tech startups through about 40 cohorts.
Objective Of SAMRIDH Scheme
As you all may be aware that many startups close down within four years of incorporation. Not because of poor quality of products but because of lack of investment or underdeveloped skill set. Keeping this thing in mind the Government of India has launched the MeitY SAMRIDH Scheme. The main objective of the MeitY SAMRIDH scheme is to provide funding support to the startups so that they can become successful. Through this scheme, not only funding support but also skill sets will be provided to the entrepreneurs. Acceleration will be provided to startups by providing customer connect, investor connects and international connect services. This scheme will prove to be a boon in pushing the startup ecosystem. Now the entrepreneurs will get funding that will help them in expanding their business.
Benefits And Features Of SAMRIDH Scheme
- In order to provide various types of benefits to push startup ecosystem the government have launched MeitY SAMRIDH scheme
- Through this scheme the government is going to provide financial support to the startup who have brilliant solution and proof of concept for their product
- This scheme will inspire a lot of citizens to start their own business
- Ministry of electronics and information technology will be responsible for implementing this scheme
- The startups will get platform to enhance their product and secure investment in order to scale their business
- Under this scheme the existing and upcoming accelerators will be provided support for extending their services
- The government is going to provide funding up to Rs 40 lakh to the startups according to their current valuation and growth stage to accelerators
- The accelerators are invited to apply online to become partners with MeitY and provide a startup accelerator program of 6 months every year
Implementing Agency Of MeitY SAMRIDH Scheme
- MeitY SAMRIDH Scheme will be implemented through MeitY startup Hub
- Implementing agencies going to form a project management unit
- This unit will be responsible for implementing this screen
- MeitY startup hub will take equity in startup for government contribution via promissory of or safe note same as a accelerator which will utilise for self sustainability of program
- Scheme Management Committee will also be constituted in order to oversee all aspects related to effective implementation of the scheme
- The scheme Management Committee will be responsible for reviewing the progress of the program in terms of its objective from time to time
- This committee is also responsible for providing guidance and recommend changes or amendments for the improvement of the program
Eligibility Criteria
- The Accelerator must have been in the business of incubation for more than 3 years. Accelerator must have supported at least 50 startups of which at least 10 have received non public investment or having targeted accelerator program with an experience of running at least 3 cohorts with activities listed as desirable under Samridh
- Accelerator must have operations in India
- The accelerators must have necessary space and infrastructure to carry out activities of startup
- Should have demonstration capability with regard to
- Structure cohort for accelerating deep tech software product startup
- Onboarded with leading business mentor
- Network/connect with venture capitalist/Angel investor
- Supporting startup for domestic and international market immersion
Required Documents
- Aadhar card
- Residence certificate
- Income certificate
- Bank account details
- Passport size photograph
- Mobile number
Selection Procedure Of Accelerators
- The implementing agencies will invite expression of interest from the eligible accelerators
- Expert committee will be responsible for selecting the accelerators and comprising representatives for government, industry and investor
- Those accelerators who have prior experience of running cohorts will be prioritized over others
Services And Activities Of Accelerator
In order to fit the needs of each startup, the accelerator will be tasked with developing customized acceleration programs in the cohort and provide services that range from customer connect, investor connect, capacity enhancement, product enhancement, etc. The budget of the above-mentioned activities is 2 lakh per start-up to a maximum of 20 lakh per cohort. In each of the cohorts which are organized by the shortlisted accelerator, a maximum of 10 startups and a minimum of 5 startups can be supported who are working in the domain area of the software products. Below mentioned are the services which will be provided to the startups:-
- xpert diagnostic for market research and product positioning
- Co learning
- Monitoring of startup through experts on the basis of tech vertical
- Legal assistance for all matters: IP, in cooperation and other matters
- Connected learning, networking through shared platform
- Weekly meets between founders of all startups
- Demo day: presentation to with VCs and Angel investors
- Assistance to startups in negotiation and closing investment deals with VCs and Angel investors
Procedure Register As Startups
- First of all go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- On the homepage you are required to click on register under startup section
- Registration page will appear before you
- You have to enter the following information on the registration page:-Name of entity
- Website
- Status of registration with startup India scheme
- Team size
- Stage
- Funding type
- Short description
- Registered address
- Country
- State
- City
- Zip code
- Company representative name
- Company representatives email
- Phone number
- Now you have to upload company logo
- After that you have to click on submit
- By following this procedure you can register as startup
Procedure To Do Startup Login
- Go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- Now you are required to click on login under startup section
- Login page will appear before you
- On this page you have to enter username and password
- Now you have to click on sign in
- By following this procedure you can do start up login
Procedure To Register As Incubator
- Visit the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- On the homepage you are required to click on register under incubator section
- Registration page will appear before you
- You have to upload the company logo
- Now you have to enter the following informationName of incubation centre
- Name of legal entity
- Registration number
- Website
- Legal status
- Weather affiliated with a university or research and development organisation
- Registered address
- Principal currency
- Country
- State
- City
- Total number of seats
- Incubation space available
- Domain
- Name of CEO
- Mobile number
- Name of authorised signatory
- Contact person email
- Designation
- Contact person name
- Contact person mobile number
- After that you have to click on submit
- By following this procedure you can register as incubator
Procedure To Do Incubator Login
- First of all go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- Now you are required to to click on login under in incubator section
- A new page will appear before you
- You have to enter your username and password on this new page
- Now you have to click on sign in
- By following this procedure you can do in incubator login
Procedure To Register As Mentor
- Go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- On the homepage you are required to click on register under mentor section
- Registration page will appear before you
- You have to upload the company logo
- Now you have to enter the following informationName of the mentor
- Phone number
- Skills
- Domain
- About
- Association with any organisation
- Details of incubation program startup activity innovation ecosystem
- After that you have to upload relevant documents
- Now you have to click on submit
- By following this procedure you can do mentor registration
Do Mentor Login
- Visit the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- Now you are required to click on login under mentor section
- After that you have to enter your username and password
- Now you have to click on sign in
- By following this procedure you can do mentor login
Participate In Challenges
- First of all go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- On the homepage you are required to click on participate option under challenge section
- Now list of challenges will appear before you
- You have to click on participate option in order to participate in any challenge
- After that application form will appear before you
- You have to enter all the relevant information in this application form
- Now you have to click on submit
- By following this procedure you can participate in challenges
View Challenge Result
- Go to the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- Now you are required to click on results under challenges section
- After that you have to select the challenge of your choice
- Now you have to click on view result
- Required information to appear before you
Contact Us
- Visit the official website of ministry of electronics and information technology startup hub
- The home page will open before you
- On the homepage you are required to click on reach us
- A new page will appear before you
- You have to enter your name email id and message on this new page
- After that you have to click on submit
Contact Information
MeitY Startup Hub
- Address- Room Number: 2214, Ministry of Electronics and Information Technology, Electronics Niketan, 6, CGO Complex, Lodhi Road, New Delhi-110-003
- Phone: +91-11-24301715/24364799
- Email: meity-sthub@gov.in
MSH Related Query
- Email: meity-sthub@gov.in
- Telephone: +91-11-24301419
MeitY Startup Hub
For any technical query +91-11-24301419
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