The Growth Grant is a transformative initiative aimed at empowering young entrepreneurs with the resources, mentorship, and funding they need to take their ideas to the next level.
If you are looking for how to raise funds for a startup in India, this program stands out as a premier non-dilutive option.
This program is designed to support ambitious young founders who are passionate about making an impact, providing them with non-refundable grants, expert guidance, and access to a global network of innovators, investors, and industry leaders. It serves as a vital small business growth fund for those at the very beginning of their journey.
In this comprehensive guide, we'll cover everything you need to know about the Growth Grant, including:
- What is the Growth Grant?
- Growth Grant eligibility criteria
- Focus areas and grant for growth benefits
- Documents required for Growth Grant application
- How to apply for the growth grant
What is the Growth Grant?
The Growth Grant is a unique funding program that supports young entrepreneurs, typically under 22 years of age, who have innovative ideas and are working towards creating meaningful change.
This program is designed to help early-stage founders who may not have the resources to continue their entrepreneurial journey while still pursuing formal education.
Unlike a without security business loan, this is a non-refundable grant for growth of up to ₹1.7 Crore (USD 200,000). It allows entrepreneurs to move ahead with their ideas without worrying about academic obligations or institutional limitations.
Key Features of the Growth Grant Scheme:
Non-refundable grant
Up to ₹1.7 Crore (~USD 200,000) in seed capital.
No academic restrictions
Participants are encouraged to focus on their venture and can defer university enrollment.
Global Networking
Connections with other founders, scientists, and venture capitalists.
Creative Freedom
The flexibility to pursue the project from anywhere in the world.
Ready to take your innovative idea to the next level?
Apply for the Growth Grant and receive ₹1.7 Crore in funding and mentorship to scale your startup!
Growth Grant Eligibility Criteria
The Growth Grant targets young, innovative entrepreneurs who are ready to take their ventures to the next stage. It is important to understand the Growth Grant eligibility before preparing your business registration documents.
Criteria
| Criteria | Details |
|---|---|
| Age Limit | Applicants must be 22 years or younger at the time of application. |
| Educational Status | Must not hold a university degree; must be willing to defer or drop out. |
| Business Stage | High-impact idea with early traction or a strong, validated vision. |
| Commitment | Full-time commitment to the startup is mandatory. |
| Structure | Can be a proprietorship, LLP, or Private Limited. |
Are you under 22 years old and ready to scale your startup?
Apply for the Growth Grant and get funding, mentorship, and global exposure to scale your business!
Focus Areas of the Growth Grant Scheme
The Growth Grant Scheme is industry agnostic, meaning it welcomes startups from various sectors, as long as they are impact-driven and technology-oriented. If you are working on funding instruments for startups, this grant provides the perfect initial equity-free runway.
Common Focus Sectors:
🏥 Healthcare & MedTech
Innovations in medical devices and startup health programs.
🌱 CleanTech & Sustainability
Renewable solutions and climate-friendly technologies.
🤖 Artificial Intelligence (AI)
Machine learning applications across all industries.
🌾 Agritech
Improving farming practices via technology, often linked with agri-business grants.
💻 Semiconductors & Deeptech
Advanced hardware and semiconductor schemes.
🤝 Social Impact Innovations
Addressing social challenges such as the mahila empowerment scheme.
Is your startup focused on healthcare, AI, or clean-tech?
Apply now for the Growth Grant and access funding, mentorship, and global networking!
Benefits of the Growth Grant Scheme
The Growth Grant offers a wide range of financial and non-financial benefits for young, innovative entrepreneurs:
Non-refundable grant
Up to ₹1.7 Crore (~USD 200,000) in seed capital.
No academic restrictions
Participants are encouraged to focus on their venture and can defer university enrollment.
World-class Mentorship
Access to global leaders and growth strategy experts.
Global Networking
Connections with other founders, scientists, and venture capitalists.
Creative Freedom
The flexibility to pursue the project from anywhere in the world.
Prepare your documents and apply for the Growth Grant today
Access funding, mentorship, and global networking for your startup!
Documents Required for the Growth Grant Application
To ensure your application is reviewed favorably, you must have all Documents required for Growth Grant submission ready. This preparation is similar to what is needed for the MeitY Genesis EIR 2 program.
Checklist of Documents:
- ✓Pitch Deck: A detailed presentation of the problem, solution, and market size.
- ✓Executive Summary: A one-page overview of your vision.
- ✓Business Plan: Comprehensive roadmap including financial projections.
- ✓Technology Description: Details of the MVP or working prototype.
- ✓Founders' CVs: Proof of technical capability and founder-market fit.
- ✓Legal Documents: business registration and MSME certification (if applicable).
- ✓Traction Metrics: User base, revenue, or partnership letters.
How to Apply for the Growth Grant Scheme
The application process for the Growth Grant is simple and involves the following steps:
Prepare Your Documents
Submit Your Application
Evaluation Process
Interview & Pitch
Funding Disbursement & Mentorship
Apply now for the Growth Grant
Get seed funding, mentorship, and networking to fuel your startup growth!
Is There a Deadline for Applying to the Growth Grant Scheme?
The Growth Grant Scheme often operates on a rolling application basis. However, specialized intakes, like the Spark Grant, may have specific seasonal dates. Always check the official portal for the latest Growth Grant eligibility updates and deadlines.
Conclusion: Why Apply for the Growth Grant Scheme?
The Growth Grant Scheme is a powerful opportunity for young entrepreneurs seeking a small business growth grant. With up to ₹1.7 Crore in non-refundable funding, it removes financial barriers and enables founders to focus entirely on innovation.
If you are a young founder driven to create meaningful impact, this grant for growth offers the ideal launchpad. Along with funding, you gain mentorship, strategic guidance, and access to a global startup ecosystem.
Stop waiting for the “perfect time”
Contact Enego today for expert guidance on your application and secure the funding your startup deserves.
FAQs: Growth Grant Scheme
What is the Growth Grant Scheme?
The Growth Grant Scheme is a prestigious global program providing up to ₹1.7 Crore in equity-free capital to young entrepreneurs under 22 to build disruptive startups.
Who is eligible to apply for the Growth Grant?
The Growth Grant eligibility requires applicants to be 22 or younger, have a high-impact tech or social idea, and be willing to defer their university education.
How much funding is available under the Growth Grant?
Selected founders receive a small business growth fund of up to ₹1.7 Crore as a non-refundable grant.
What documents are required to apply for the Growth Grant?
The primary Documents required for Growth Grant include a pitch deck, a detailed business plan, tech roadmap, and founder resumes.
Why Apply for the Growth Grant Scheme?
The Growth Grant Scheme is a fantastic opportunity for young entrepreneurs looking for a small business growth grant. With up to ₹1.7 Crore in non-refundable funding, it removes the financial barriers to innovation.
If you are a young founder with a desire to create a meaningful impact, this grant for growth is your best path forward. For more details on the quality of support you can expect, read about the truth about Enego services or join an MSME growth advisory session.
Stop waiting for the "perfect time."
Contact Enego today for expert guidance on your application and secure the funding your startup deserves!