About MeitY’s GENESIS Scheme

MeitY Startup Hub, Government of India, has envisaged an umbrella scheme called GENESIS (Gen-Next Support for Innovative Startups) with a budget of Rs. 490 Crores for 5 years. The initiative aims to discover, support, grow, and accelerate successful startups in Tier-II and Tier-III cities, focusing on collaborative engagement among startups, government, and corporates. The scheme promotes digitization based on the principles of inclusivity, accessibility, and affordability, leading to employment growth and economic development.
TMIF- Teerthanker Mahaveer Innovation Foundation will implement the GENESIS scheme on behalf of MSH. The program aims to impact and consolidate 10,000+ tech startups over the next 5 years, strengthening the inclusive startup ecosystem.

Selection Process

Apply
Pre-Screening
Pitch Evaluation
Incubation
Funding

Key Highlights

Funding up to INR 10 Lakhs

Incubation Support

Access to Labs for Prototyping

Market Access Support

Co-working Space for Startups

Networking & Guidance from Industry Leaders

Eligibility Criteria

Nationality

The applicant must be an Indian citizen.

Age

The entrepreneur must be at least 18 years old at the time of application.

Commitment

The applicant must be a first-generation entrepreneur committed to working full-time on the startup.

Startup/Idea Eligibility

Stage of the Startup

  • The startup should be in the ideation, validation, or very early stages.
  • Must not have received funding exceeding ₹10 lakh.

Sector Focus

The startup should focus on technology innovation aligned with the GENESIS scheme:

Healthcare | AI | Biotech | Agritech | Edtech | IoT | Sustainable Technologies

Legal & Financial Eligibility

Legal Compliance

  • If incorporated, must be registered as a Private Limited Company or LLP.
  • Entity must not be older than 1 year at the time of application.

Originality

The startup idea must be original and should not involve duplication or plagiarism.

Funding & Utilization

No Prior Funding

Must not have received external funding exceeding ₹10 lakh.

Grant Utilization

The entrepreneur must have a clear plan for utilizing the grant (prototype development, market research, etc.).

Alignment with GENESIS Objectives

Technology-Led Entrepreneurship

The startup should focus on driving innovation and technology in business.

Job Creation & Innovation

The startup should foster job opportunities and create regional innovation hubs.

Sustainable Growth

The startup should contribute to inclusive economic development.

Active Participation

The applicant must participate in mentorship programs, workshops, and EiR activities.

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