Ministry of Electronics & Information Technology (MeitY) · Part A
Startup Accelerators of MeitY for Product Innovation, Development & Growth
SAMRIDH
Up to ₹40 lakh investment plus equal matching private funding and acceleration services to scale your IT product startup.
Overview & Objective
Up to ₹40 lakh investment plus equal matching private funding and acceleration services to scale your IT product startup.
Key Benefits & Funding
- To startups: An investment of up to ₹40 lakh to the beneficiary startup (with an average of ₹30 lakh per startup per cohort). An equal matching private investment by the accelerator / investor of up to ₹40 lakh is disbursed to startups based on their current valuation and growth stage.
- To Accelerators: Accelerators develop customized acceleration programs to fit the needs of each startup in the cohort and provide services ranging from customer connect, investor connect, capacity enhancement, product enhancement etc. for which they are provided a budget of ₹2 lakh per startup to a maximum of ₹20 lakh per cohort.
Eligibility Criteria
- Accelerators – registered as Section 8 company under Companies Act 2013 or as Society under Societies Registration Act (not-for-profit).
- IT-based startups.
How to Apply
Startups to refer to the MeitY Startup Hub (MSH) to access the list of incubators and accelerators in India benefitting from the SAMRIDH scheme and gauge the accelerators most suitable to their needs.