New Venture Program: Eligibility, Benefits & Application Guide
The world of technology is evolving rapidly, and with Industry 4.0 technologies making their way into every sector, the opportunity to create innovative solutions has never been more exciting.
One of the key initiatives in India to support this growth is the New Venture Program 2025, launched by EmTek, Bhubaneswar’s Centre of Excellence (CoE) in Industry 4.0.
This blog will provide a comprehensive guide on the New Venture Program 2025, focusing on the eligibility criteria, benefits, focus areas, and the step-by-step application process to help you get started with this game-changing opportunity for your startup.
What is the New Venture Program 2025?
The New Venture Program 2025 is a startup acceleration initiative designed to empower early-stage startups and entrepreneurs in the field of Industry 4.0.
Organized by the Centre of Excellence (CoE) in Industry 4.0 at EmTek in Bhubaneswar, the program supports innovative ventures focused on leveraging emerging technologies such as AI, blockchain, robotics, and cybersecurity.
The goal of the New Venture Program is to accelerate the commercialization of innovative solutions by offering funding, mentorship, and access to state-of-the-art lab infrastructure.
Through this program, selected startups will gain the support needed to transform their ideas into viable products and establish a sustainable business model.
Eligibility Criteria for the New Venture Program 2025
The New Venture Program 2025 is open to individuals, startups, and entrepreneurs working in various sectors of Industry 4.0. Here’s a breakdown of the eligibility criteria:
1. Individual Applicants
- Indian citizens aged 18–35 years.
- Academicians, researchers, educators, and entrepreneurs with innovative ideas in the Industry 4.0 space.
2. Startup Applicants
- Registered companies (Private Limited, LLP, Registered Partnership) with at least 51% Indian ownership.
- The business should have a social impact and an innovative solution or product in the Industry 4.0 space.
- Startups must be less than 2 years old and demonstrate the potential for growth.
3. Incubation Requirement
- Applicants must be incubated in an approved incubation facility. EmTek provides such incubation for selected startups.
Focus Areas of the New Venture Program 2025
The New Venture Program focuses on emerging technologies that are shaping the future of industries. The program encourages applications from ventures that work in the following key areas:
3D Printing/Additive Manufacturing
Developing innovative additive manufacturing processes and solutions for industries like automotive, aerospace, and healthcare.
Artificial Intelligence (AI)
Leveraging AI to develop smart, scalable solutions in healthcare, robotics, IoT, and other sectors.
Blockchain
Innovations using blockchain for enhanced security, traceability, and data integrity in financial systems, supply chains, and cybersecurity.
Cybersecurity
Solutions focused on data security, risk management, cyberattack prevention, and network protection for businesses and consumers.
DeepTech
Exploring cutting-edge technologies such as quantum computing, neural networks, biotech, and nanotech.
Robotics
Developing robotic solutions for manufacturing, logistics, healthcare, and other industries looking for automation and efficiency.
Emerging Technologies in Industry 4.0
IoT, big data, cloud computing, and smart systems for modernizing industry infrastructure.
Benefits of the New Venture Program 2025
The New Venture Program 2025 offers a comprehensive set of benefits to startups and entrepreneurs. Here are some of the key support features:
| Benefit | Details |
|---|---|
| Funding | Up to ₹30 Lakhs in grants to support your innovation and product development. |
| Mentorship | Expert guidance from industry leaders, academic mentors, and business strategists. |
| Incubation Support | Access to state-of-the-art infrastructure at the Centre of Excellence (CoE), including lab facilities. |
| Business Model Refinement | Assistance in refining your business model, market entry strategy, and growth plans. |
| Prototype-to-Product Assistance | Help with turning your prototype into a scalable product and navigating commercialization. |
| Networking | Opportunities to connect with investors, government bodies, and industry stakeholders. |
| IP Patent Advisory | Access to IP advisory services to help protect your innovations and patents. |
Documents Required for the New Venture Program 2025
To apply for the New Venture Program, applicants need to submit the following documents:
| Document | Details |
|---|---|
| Application Form | Completed form in the prescribed format. |
| Project Proposal/Business Plan | Detailed description of your innovative solution, including objectives, milestones, and goals. |
| Business Model and Market Analysis | A clear outline of your business model, target market, and scalability. |
| Prototype/Demo (if applicable) | A working prototype or demo of your product to demonstrate feasibility. |
| Proof of Eligibility | Company registration documents (e.g., Partnership Registration, LLP Registration). |
How to Apply for the New Venture Program 2025
The application process for the New Venture Program 2025 is simple and involves the following steps:
Prepare Your Documents
Gather all necessary documents, including application form, project proposal, business model, prototype/demo (if applicable), and proof of eligibility.
Submit the Application
Complete and submit the application form along with all required documents through the official program portal.
Review and Shortlisting
Your application will be reviewed by experts, and eligible startups will be shortlisted.
Interview/Selection
Shortlisted applicants will be invited for an interview or pitch presentation.
Final Selection and Enrollment
Successful applicants will be selected for the program and officially enrolled.
Why Should You Apply for the New Venture Program 2025?
The New Venture Program 2025 offers an unparalleled opportunity for early-stage startups and entrepreneurs working on Industry 4.0 technologies.
With financial backing, mentorship, access to state-of-the-art infrastructure, and networking opportunities, this program provides everything you need to grow and scale your startup.
If you are passionate about Industry 4.0 technologies and want to accelerate your startup, apply for the New Venture Program 2025 today!
Conclusion: Make Your Fintech Startup a Success with the Fintech Startup Challenge
The Fintech Startup Challenge 2025 is a perfect platform for early-stage fintech startups looking to scale their solutions with the support of funding, mentorship, and networking opportunities.
Whether you are focused on digital lending, cybersecurity, or payments, this challenge can help you take your innovation to the next level.
With INR 5 Lakhs in grants, 50% waiver on incubation fees, and access to a vast investor network, the Fintech Startup Challenge offers everything you need to transform your idea into a market-leading product.