MeitY GENESIS Matching Investment Program at CIIF
A programme by Chitkara Innovation Incubator Foundation (Chitkara Innovation Incubator Foundation)
Equity-based matching investment for Tier-II and Tier-III city startups that already have an angel or venture capital commitment.
At a glance
| Best for | Revenue-stage Tier-II and Tier-III city startups with an investor commitment already in place |
|---|---|
| Stage | Early revenue – Growth |
| Format | In person |
| Cost | Free, takes equity |
| Run with | Ministry of Electronics and Information Technology |
About MeitY GENESIS Matching Investment Program at CIIF
The last of CIIF's three GENESIS routes, and the only one that takes equity. It is designed to match money an outside investor has already committed, so that a startup outside the metros can close a round and scale.
What you get
- Equity-based matching investment for acceleration and scaling.
- Mentorship, co-working space, labs and testing centres, investor and government networking, and training.
Who can apply
- A registered Indian private limited company with at least 51 per cent Indian ownership, registered in a Tier-II or Tier-III city, holding a valid recognition certificate from the Department for Promotion of Industry and Internal Trade.
- Working on a technology product or software in deeptech, artificial intelligence and machine learning, cybersecurity, the internet of things, blockchain, fintech, edtech or healthtech.
- A market-ready product, preferably already generating revenue.
- A funding commitment already in hand from an angel investor or a venture capital fund. Government grants do not count towards this.
- You must not have taken funding under the MeitY TIDE 2.0 scaleup investment route or the MeitY SAMRIDH scheme, and must not be in any legal dispute. Granted patents may count in your favour.
How to apply: through the application link on the programme page, or through the ministry's own portal, both of which CIIF links.
Where to apply
Other CIIF programmes
- CIIF Incubation ProgramCIIF's general, rolling intake for early-stage and growth-stage startups, in a resident or a virtual mode.
- DST NIDHI Seed Support ProgramSeed investment for startups already incubated at CIIF, decided by its seed support committee and taken as equity or a convertible instrument.
- NIDHI PRAYAS at CIIFPrototype grants for innovators building a physical product, run by CIIF under the DST NIDHI PRAYAS scheme. The last published deadline has passed.
- Startup India Seed Fund Scheme at CIIFCIIF is a portfolio incubator under the national Startup India Seed Fund Scheme, which supports proof of concept, prototyping, product trials and market entry.
- MeitY TIDE 2.0 Grant at CIIFA grant for turning a proof of concept into a prototype or minimum viable product, run by CIIF as a centre under MeitY's TIDE 2.0 scheme.
- MeitY TIDE 2.0 Entrepreneur in Residence at CIIFA monthly fellowship for graduates under 25 who want to test a startup idea full time, run by CIIF under MeitY's TIDE 2.0 scheme.
- MeitY GENESIS Entrepreneur in Residence at CIIFA fellowship for first-generation founders from Tier-II and Tier-III cities, run by CIIF as an approved partner incubator under MeitY's GENESIS scheme.
- MeitY GENESIS Pilot Funding Program at CIIFFunding to deploy a market-ready product on a pilot with a large buyer, for Tier-II and Tier-III city startups that already hold the purchase order.
- Chitkara XceleratorCIIF's own three-month cohort accelerator, taking startups from development to go-to-market and ending in a demo day. Between intakes — the last published dates are from 2023.