Rashtriya Uchchatar Shiksha Abhiyan (RUSA 2.0) has introduced the Idea Grant scheme to provide financial assistance to innovators, entrepreneurs, and startups to help them convert their innovative ideas into full-fledged ventures. This scheme is implemented through MGUIF, the parent organization of Mahatma Gandhi University for startup-related activities and schemes.
The Idea Grant is intended to help innovators and startups to develop the prototype or product and scale up into full-fledged ventures. The total grant amount is up to ₹2 lakhs.
The competition focuses on categories including: AI and Internet of Thinking (IoT), Sustainable Technologies, Environmental Science, Healthcare, Food, Nutrition and value addition, Biotechnology, Nano Science, Tourism, and Any other relevant areas.
Key benefits for innovators include:
- 36-Month Incubation at MGUIF
- Patent Registration & Financial Support
- Seed Funding & Investor Connect
- Expert Mentorship