Matching Grant Scheme
Under the “Matching Grant Scheme”, the Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the SPC.
About This Scheme
Benefits
₹25.0 L
1. Start-ups that raise funds from a registered/recognized funding source prior to the product launch phase will be provided 25% of the matching funds or a maximum benefit of ₹ 25,00,000, at proportionate ownership of stock, subsequent to due diligence by the Start-up Promotion Cell (SPC).
1. This benefit can be availed by 20 start-ups each year which shall be selected by the SPC as per its due diligence and guidelines.
1. Once the application is approved by the SPC, the approved amount shall be disbursed within 60 days from the date of approval.
NOTE: Under no circumstance shall the benefits under this scheme be considered an entitlement. The SPC shall reserve the sole right to accept or reject applications.
Eligibility
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Required Documents
- ✦Documents Required
- ✦Complete Business Model Canvas*
- ✦Copy of the Aadhaar Card of the Director/CEO*
- ✦Bank Certificate Stating Fund Transferred to Company’s Account*
- ✦Details of Funding Agency/ Registration Certificate of Funding Agency*
- ✦Term Sheet/ Funding Instrument*
- ✦The Form and Documents as Mentioned in Annexure 1 *
✦ Required ◦ Optional
How to Apply
Quick Info
- Level
- State Government
- Max benefit
- ₹25.0 L