New Venture Program in Dhanbad
How Dhanbad-based founders and MSMEs can access New Venture Program, with routing through ROC Ranchi and JIADA (Jharkhand Industrial Area Development Authority).
New Venture Program: Eligibility, Benefits & Application Guide — Dhanbad, Jharkhand
Dhanbad is a fast-growing Tier-2 business hub in Jharkhand, with rising MSME formation and improving institutional lender depth. New Venture Program is increasingly accessed by founders here as state-level delivery mechanisms mature.
Jharkhand's 2021 policy provides stamp duty exemption, power tariff subsidy, and SGST reimbursement for new MSMEs in priority sectors. For Dhanbad applicants, this creates a stackable incentive environment where New Venture Program can be paired with Jharkhand Industrial and Investment Promotion Policy 2021 for maximum benefit.
New Venture Program is a capital instrument suited to early-stage Dhanbad startups — particularly those registered with DPIIT and filed via ROC Ranchi. Jharkhand's sectoral strengths shape the founder pool, and JIADA (Jharkhand Industrial Area Development Authority) helps bridge the pre-seed-to-seed pipeline alongside the central scheme.
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).
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:
| Focus Area | Description |
|---|---|
| 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. |
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.
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.
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!