ELEVATE Idea2PoC Grant-in-Aid Fund Scheme

About

The ELEVATE Idea2PoC Grant-in-Aid Fund Scheme, organized by the Karnataka Government, offers a one-time grant of up to ₹500,000 to support early-stage startups in transitioning from idea to product prototype, providing essential funding without repayment obligations, aimed at fostering innovation across various industries.

Benefits

• 💰Financial Support
  One-time grant of up to ₹500,000 to support early-stage startups.
• 📈Business Support
  Assistance in market development and scaling of products.
• 🎓No Repayment Required
  Funds do not need to be repaid, alleviating early financing pressure.
• 🌐Innovation Focus
  Encourages innovative projects across multiple industries.
• 🎤Prototype Development
  Supports the transition from idea to product prototype.

Eligibility Criteria

• Open to startups based in Karnataka, India
• Must be a legally registered startup company
• Targeted at early-stage startups, particularly those in the prototype development phase
• Startups can apply for funding up to ₹500,000
• Startups must demonstrate innovation in their projects

Participation Commitments

• Must submit a complete application through the official website
• Engagement in the program as required for funding utilization
• Participants may need to report on the use of funds and project progress

Target Sector

Innovation and Technology Startups

Target Location

Karnataka, India