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up electronics corporation ltd
Amount
Upto: ₹750,000
Provider
up electronics corporation ltd
Stage
early Stage
Categories
Tags
The Seed Capital/Marketing Assistance grant aims to provide financial support to early-stage startups in Uttar Pradesh to assist with the launch of their MVPs. The disbursement of the seed capital occurs in milestone-based installments, typically in three tranches (e.g., 40% + 30% + 30%). Additional incentives are provided to startups meeting certain criteria, such as those founded by underrepresented groups or operating in specific regions or sectors.
Startups must be based in Uttar Pradesh. They must be working towards launching their MVP. Additional eligibility criteria may apply, particularly for those seeking additional incentives. DPIIT recognition is needed in order to apply for some of the seed funding available.
Applications are typically submitted online through designated portals. An evaluation committee, comprising experts from institutions like STPI, IIT Kanpur, and IIM Lucknow, is responsible for approving grant requests. Startups must meet certain key performance indicators.