About this business scheme
The GENESIS scheme supports innovative startups in Tier-2 and Tier-3 cities across India. Eligible startups can receive funding up to Rs. 1 Crore. The official listing gives no last date, so check the official portal for the current status before applying.
The GEN-NEXT Support for Innovative Startups (GENESIS) scheme aims to promote successful startups in smaller cities. It is run by the Ministry of Electronics and Information Technology.
This scheme provides financial support and various resources to help startups grow and succeed. It focuses on inclusivity and accessibility for all entrepreneurs.
By supporting startups, GENESIS aims to boost employment and economic growth in India. It encourages collaboration among startups, government, and corporates.
Benefits at a glance
| Scheme name | GEN-NEXT Support for Innovative Startups (GENESIS) (GENESIS) |
|---|---|
| Launched by | Ministry of Electronics and Information Technology |
| Benefit | The GENESIS scheme supports innovative startups in Tier-2 and Tier-3 cities across India. |
| Benefit type | Cash (money paid to your bank account) |
| Category | Business |
| Level / State | Central · All India |
| Official portal | msh.meity.gov.in |
Key facts
| Scheme type | Central Sector Scheme |
|---|---|
| Scheme for | Individual |
| Application mode | Online |
| Last date | Not given in the official listing |
| Total Budget | Rs. 490 Crore |
| Implementation Duration | 5 years |
| Target Startups | 10,000+ tech startups |
| Age | No lower limit to 80 years |
Who can apply (quick check)
- 👤All genders
- 🎂Age 0 to 80 years
- 📝Online
Quick check from official data. Full conditions are in the Eligibility section.
What you receive
- Investment Support: Up to Rs. 50,00,000/- per startup with a 1:1 matching fund requirement.
- Pilot Support: Average funding of Rs. 40,00,000/- to Rs. 50,00,000/- with no matching fund needed.
- Ideation Support: Up to Rs. 10,00,000/- for early-stage startups, no matching fund required.
- Deep-tech Startup Support: Up to Rs. 1,00,00,000/- per startup, no matching fund required.
Funds are provided based on the selected support component and are disbursed as per the scheme's guidelines.
Who qualifies
- Must be a startup registered with the Department for Promotion of Industry and Internal Trade (DPIIT).
- Must hold at least 51% shareholding by Indian promoters.
- Must have a full-time Chief Executive Officer (CEO).
- Must have market-ready products for certain funding categories.
Who is not eligible
- No specific exclusions mentioned; however, applicants must meet all eligibility criteria.
Papers to keep ready
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Registration walkthrough
- Visit the official MeitY Startup Hub website.
- Check eligibility criteria.
- Register or log in on the GENESIS Startup Platform.
- Select the funding component relevant to your startup.
- Complete the application form and upload required documents.
- Submit the application for review.
To check the status of your application, log in to the GENESIS platform. You can also contact the MeitY Startup Hub for assistance.
Real-life examples: are you eligible?
A quick way to gauge your eligibility: find the profile nearest to yours.
Every case differs. Confirm your eligibility on the official portal before applying.
- Not meeting the shareholding requirement of 51% by Indian promoters.
- Failing to provide all necessary documents during application.
- Not having a full-time CEO at the time of application.
- Submitting incomplete or unclear product readiness documentation.
- Missing the eligibility check before applying.
Frequently asked questions
What is the main goal of the GENESIS scheme?
The GENESIS scheme supports startups in Tier-2 and Tier-3 cities to promote innovation and economic growth.
How much funding can a startup receive?
Startups can receive funding up to Rs. 1 Crore depending on the support component.
Who can apply for this scheme?
Startups registered with DPIIT and having certain eligibility criteria can apply.
Is there a deadline for applications?
No, the application process is ongoing with no specified deadline.
What should I do if I have questions about my application?
You can contact the MeitY Startup Hub for assistance regarding your application.
What types of support does GENESIS provide?
GENESIS offers investment, pilot, ideation, and deep-tech support for startups.
Do I need to match the funding from private sources?
Only the Investment Support component requires a 1:1 matching fund from the private sector.
Submit your application yourself on the official portal; it costs nothing. Treat anyone demanding money to "get you approved" as a scam.
- Guidelines www.meity.gov.in (PDF)
- Brochure www.meity.gov.in (PDF)
- Official Website www.meity.gov.in
tsmpb.in is not affiliated with any government department. Apply only on the official portal and never pay anyone for an application.
Drafted with AI tools from the official listing. Every number and date is checked automatically against the official text; confirm the details on the official portal before applying.
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