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4th Akash ESIIP: EPAM Social Impact Innovation Program at AIC-IIITH Foundation — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about 4th Akash ESIIP: EPAM Social Impact Innovation Program at AIC-IIITH Foundation — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

What is the maximum grant amount offered?

The program offers a milestone-based grant of up to ₹5 lakh, which is equity-free.

What is the application deadline?

The deadline is not specified in the available information.

Which startups are eligible to apply?

Eligible startups must be tech-based social enterprises, for-profit, incorporated in India as a Private Limited Company, LLP, or Registered Partnership (with majority Indian shareholding), DPIIT-registered, have cumulative revenue of ₹1 lakh or more, and have at least one founder over 18. They must operate in GreenTech sectors such as circular economy, clean energy, smart cities, sustainable agriculture, etc.

Is DPIIT registration mandatory?

Yes, DPIIT registration is mandatory.

Is MSME registration required?

MSME registration is not mentioned as a requirement.

Does the program take equity?

No, the grant is equity-free. The program does not take any equity stake.

What documents are needed for application?

The exact list is not provided, but typical documents include proof of incorporation, DPIIT registration, financial statements showing revenue, and founder details.

How do I apply?

Applications are submitted via an online form. The apply URL is https://tinyurl.com/53uj445m.

Can non-Indian founders apply?

Majority shareholding must be Indian, but OCI and PIO holders are included as Indian shareholders.

Is there a location requirement?

Selected startups must take at least one seat for 6 months in the AIC-IIITH incubation space.

Who offers 4th Akash ESIIP: EPAM Social Impact Innovation Program at AIC-IIITH Foundation?

4th Akash ESIIP: EPAM Social Impact Innovation Program at AIC-IIITH Foundation is offered by AIC-IIITH Foundation, an academic institution. It is provided as non-dilutive funding.

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