New Venture Program
Eligibility, Benefits & Application Guide for early-stage startups in Industry 4.0 technologies.
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.
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 receive funding, lab access, and mentorship to build their products and develop a working business model.
Benefits of the New Venture Program 2025
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.
Eligibility Criteria for the Fintech Startup Challenge
DPIIT-recognized startups across India. - Private Limited Company, LLP, Partnership, or MSME (Proprietorship).
Startups must offer scalable, innovative solutions in fintech.
Startups at Ideation, Validation, Early Traction, or Scaling stages.
Startups focused on fintech, such as payments, digital lending, cybersecurity, blockchain, AI, etc.
The startup must provide proof of scalability and commercial viability.
Documents Required for the New Venture Program 2025
To apply for the New Venture Program, applicants need to submit the following documents:
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
Prepare Your Documents
Gather all necessary documents, including application form, project proposal, business model, prototype/demo (if applicable), and proof of eligibility.
Submit 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
Shortlisted applicants will be invited for an interview or pitch presentation.
Prepare Your Documents
Gather all necessary documents, including application form, project proposal, business model, prototype/demo (if applicable), and proof of eligibility.
Submit 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.
Final Selection and Enrollment
Shortlisted applicants will be invited for an interview or pitch presentation.
Interview/Selection
Shortlisted applicants will be invited for an interview or pitch presentation.
Frequently Asked Questions
Apply for the New Venture Program
If you are passionate about Industry 4.0 technologies and want to accelerate your startup, apply for the New Venture Program 2025 today!