AVISHKAR VENTURE STUDIO — Frequently Asked Questions
Answers to the questions founders most often ask about AVISHKAR VENTURE STUDIO — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the maximum funding amount under Avishkar Venture Studio?
The program offers seed funding of up to ₹40 lakhs. The exact amount depends on the startup's development stage, pitch deck quality, and technology validation.
Is there an application deadline for the program?
The application deadline is not specified. It is best to check the CIE IIITH website or contact them directly for the latest cohort schedule.
What types of startups are eligible to apply?
Startups must be registered in India, have at least one full-time founder, have an MVP with customer validation, and work in deeptech areas such as AI, AR/VR, Robotics, Machine Learning, Computer Vision, Deep Tech, or NLP.
Does the program require DPIIT or MSME registration?
The eligibility criteria do not mention DPIIT or MSME registration. However, the startup must be registered in India.
Does Avishkar Venture Studio take equity in exchange for funding?
The program offers a grant, not equity funding. Since it is a grant, no equity is taken from the startup.
What documents are needed to apply?
The online application requires information about the team, technology, business model, market opportunity, and existing progress, including details of the MVP and customer validation. Specific documents are not listed, but a pitch deck and supporting materials may be required.
How can I apply for the program?
Submit an online application via the Google Forms link provided on the CIE IIITH website. Shortlisted applicants are invited for an in-person pitch at IIIT-H.
How long does the program last and how many cohorts are there?
The Avishkar Venture Studio is a 6-month program, with new cohorts conducted twice a year. Exact start dates are announced by CIE IIITH.
Who can I contact for more information?
You can email your queries to cieoutreach@iiit.ac.in.
Who offers AVISHKAR VENTURE STUDIO?
AVISHKAR VENTURE STUDIO is offered by Centre for Innovation and Entrepreneurship (CIE), IIIT Hyderabad, an academic institution. It is provided as non-dilutive funding.