Startup fundraising · Government Funding Streams
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Aim (Niti Aayog): Atal New India Challenge (ANIC): ₹50L-₹1Cr grants for technology solutions to national problems (defined challenges); AIM Startup Policy: access to 10,000+ ATL schools as pilot customers for edtech/agritech startups; Apply at aim.gov.in when challenges are open, typically 2-3 cohorts per year.
Niti Aayog + State Govts
Key State Schemes: Karnataka: Elevate programme, ₹50L grant, mentorship, market access; Telangana: T-Hub, ₹1,000 Cr startup fund, T-Seed ₹50L; Maharashtra: iCreate, MSINS, sector-specific ₹25L-₹2Cr; Delhi: Delhi Startup Policy 2022, seed, early, and growth-stage grants; UP: UP Startup Fund of ₹1,000 Cr, Purvanchal focus. How To Find State Schemes: Visit your state's IT/Startup Ministry website, schemes open and close quarterly; Register on your state's startup portal (most states have one); Most state schemes require: GST registration in that state, local entity or branch office. State Grant Agreement: Terms vary by state. Generally: milestone-based disbursement, audit rights for the state, IP ownership with startup, sometimes requirement to create X jobs in the state within Y years.
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