The MeitY GENESIS PILOT Program, implemented through IIT Mandi Catalyst, is a launchpad designed to enable startups, particularly from Tier-II and Tier-III cities, to validate and demonstrate their market-ready solutions through structured pilot projects. Centers can hold equity up to 3% on behalf of MeitY Startup Hub (MSH) in any startup funded under the Pilot Component.
The scheme aims to:
- Bridge the gap between Minimum Viable Product (MVP) and commercialization.
- Provide startups with credibility and crucial revenue traction by leveraging their existing Work Order/Purchase Order (WO/PO).
- Encourage corporates and PSUs to engage with emerging technologies, strengthening industry-startup collaboration.
Key benefits for selected startups include:
- Financial Support up to ₹40 lakhs for the pilot project.
- Dedicated support from IIT Mandi Catalyst, including access to labs, prototyping equipment, and workspaces.
- Periodic mentoring by domain, business, and IP experts.