NextSense – Call for Proposal

NextSense drives entrepreneurship development in quantum sensing and metrology, accelerating startups from ideation to impactful solutions. It provides funding support, mentorship, and access to technical and business experts. Funding amounts range from up to ₹1 Crore for Idea to POC, up to ₹5 Crores for POC to product/customer pilot, and up to ₹25 Crores for scale up of technology, product development, and commercialization. The funding instrument is Equity or CCPS. Eligibility requires a business idea with market fit, viable commercialization, and scalability in quantum sensing and metrology, DPIIT registration (or eligibility), technology-enabled core product/service, and being an 'Indian Company' with at least 51% Indian promoter shareholding. Funds can be used for R&D and Prototyping, Equipment Purchase, Salaries (promoters' salary not exceeding 20% of fund support), Testing/Validation/Certification, Marketing & Outreach, and Contingencies (not exceeding 10%).