Are you an early-stage innovator in Deeptech, ICT, or ESDM looking for the perfect launchpad? The Genesis EiR (Entrepreneur-in-Residence) program is designed to transform your visionary ideas into market-ready prototypes.
With the launch of Genesis EiR 2.0, the Ministry of Electronics and Information Technology (MeitY) has intensified its support for the Indian startup ecosystem.
Whether you are looking for a Genesis Grant or mentorship from industry stalwarts, this program offers the ideal platform to fast-track your journey.
In this detailed guide, we will cover:
- What the Genesis EiR Scheme is
- Genesis EiR eligibility criteria for the program
- Focus areas and commercial benefits
- Documents required for Genesis EiR application
- How to apply for the fund successfully
What is MeitY Genesis EiR?
The MeitY Genesis EiR program is an early-stage innovation initiative that supports startups during the critical ideation, validation, and prototyping phases. As a key part of the broader Genesis EiR Scheme, it focuses on sector-agnostic technology innovations, with a heavy emphasis on:
- Deeptech: Cutting-edge technology solving complex global challenges.
- ICT: Digital communication, software, and IT infrastructure.
- ESDM: Electronic systems, embedded design, and hardware manufacturing.
By providing a dedicated Genesis EiR Fund, the government aims to reduce the financial risk for student innovators and first-time founders who want to raise funds for a startup in India.
Key Features of the Genesis EiR Scheme:
₹10 Lakhs Genesis Grant
Receive financial assistance to build your MVP and validate your market fit.
Expert Mentorship
Get guidance on your growth strategy and business model from seasoned professionals.
Ecosystem Access
Connect with a vast network of investors, partner incubators, and corporate leaders.
Infrastructure Support
Gain access to state-of-the-art prototyping labs and co-working spaces.
Investor Readiness
Improve your chances of securing venture tech funding by refining your pitch and product.
Are you an early-stage innovator in Deeptech, ICT, or ESDM?
Apply for the Genesis EiR program and receive up to ₹10 Lakhs in grant funding to transform your ideas into prototypes!
Key Benefits of the Genesis EiR 2.0 Program
The Genesis EiR 2.0 initiative offers more than just capital; it provides a comprehensive ecosystem for growth.
₹10 Lakhs Genesis Grant
Receive financial assistance to build your MVP and validate your market fit.
Expert Mentorship
Get guidance on your growth strategy and business model from seasoned professionals.
Ecosystem Access
Connect with a vast network of investors, partner incubators, and corporate leaders.
Infrastructure Support
Gain access to state-of-the-art prototyping labs and co-working spaces.
Investor Readiness
Improve your chances of securing venture tech funding by refining your pitch and product.
Ready to transform your innovative idea into a market-ready prototype?
Apply for the Genesis EiR 2.0 program and receive up to ₹10 Lakhs in grant funding!
Eligibility Criteria for the Genesis EiR Scheme
To apply for the Genesis EiR Fund, applicants must meet specific requirements:
Eligibility Criteria
| Criteria | Details |
|---|---|
| Citizenship | You must be an Indian national and at least 18 years old. |
| Profile | Full-time students (UG/PG) or founders of DPIIT-registered startups (usually less than 2 years old) are eligible. |
| Incorporation | If your business is already a Pvt Ltd or LLP, it must comply with MeitY guidelines. |
| Innovation Stage | Your project should be at the ideation or prototype stage. |
| MSME Benefit | Having an MSME certification can often provide additional leverage in government-backed programs. |
Are you a student innovator or early-stage founder?
Apply for the Genesis EiR program and get up to ₹10 Lakhs in grant funding to build your prototype!
Focus Areas: Driving the Future of Tech
The Genesis EiR program is specifically designed to bolster India's position in high-impact technology sectors:
🔬 Deeptech
High-impact, high-technology solutions with potential to transform industries.
💻 ICT (Information & Communication Technology)
Digital communication, software, IT infrastructure, and hardware innovations.
⚡ Electronic Design & Manufacturing (ESDM)
Electronics design, embedded systems, and hardware manufacturing technologies (similar to the Semiconductor Scheme).
Is your startup focused on Deeptech, ICT, or ESDM?
Apply now for the Genesis EiR program and access grant funding and expert mentorship!
Documents Required for the Genesis EiR Application
To ensure a smooth application process for Genesis EiR 2.0, prepare the following documents:
Required Documents:
- ✓Business Registration or DPIIT Certificate (if applicable).
- ✓Detailed Pitch Deck covering the problem statement, technology, and market projections.
- ✓Proof of Identity (Aadhaar/Passport).
- ✓Educational certificates (for student innovators).
- ✓A clear roadmap for the use of the Genesis Grant.
How Enego Consultancy Helps You Secure the Genesis EiR Fund
Applying for government grants like Genesis EiR can be a complex process involving rigorous documentation and evaluation. At Enego, we assist startups by:
Grant Preparedness
We help you refine your business plan to align with the MeitY Genesis EiR requirements.
Compliance Support
From legal consultancy to tax exemption advice, we ensure your startup is 'grant-ready.'
Ecosystem Guidance
We provide a dedicated MSME growth advisory session to help you choose the right funding instruments.
Alternative Funding
If you don't qualify for a grant, we can explore unsecured business loans or NBFC funding.
Need help with your Genesis EiR application?
Contact Enego today for expert guidance on grant applications and alternative funding options!
Frequently Asked Questions (FAQs)
What is the total funding available under the Genesis EiR Fund?
Eligible startups can receive a Genesis Grant of up to ₹10 Lakhs to support prototyping and early-stage development.
Can I apply for MeitY Genesis EiR if I am still a student?
Yes, full-time UG/PG students are eligible, provided they have a clear innovation roadmap and preferably a DPIIT-registered entity.
Is the Genesis EiR Scheme only for Deeptech?
While Deeptech is a priority, the program also covers ICT and ESDM sectors. If you are in other sectors like Agriculture, you might want to look into the Agri-Sure Fund.
How does Genesis EiR 2.0 differ from a loan?
Unlike an unsecured business loan, the Genesis EiR is a grant, meaning you do not have to repay it, provided you meet the program's milestones.
Where can I find more government schemes for women?
If you are a woman entrepreneur, you should also explore the Mahila Empowerment Scheme and the Women Innovators Empowerment Grant.
Conclusion: Apply for Genesis EiR Today
The Genesis EiR program is a golden opportunity for innovators to turn their dreams into reality without the immediate pressure of equity dilution. By leveraging the Genesis EiR 2.0 grant and mentorship, you can build a solid foundation for your startup.
If you are looking for expert assistance in navigating government schemes or securing a grant for ventures, our team is here to help. Check out the truth about Enego services to see how we've helped hundreds of startups scale.
Ready to accelerate your deeptech innovation?
Contact Enego today for expert guidance on your Genesis EiR application and secure the funding your startup deserves.