Bihar Startup Policy 2022: Success Fee Scheme
Success fee for Bihar-registered startups that secured external funding.
- Funding amount
- Varies by program
- Funding type
- Subsidy
- Provider
- Department of Industries, Government of Bihar (Government)
- Application deadline
- Rolling
- Eligible stage
- Revenue
- Location
- Open to startups registered in India
- DPIIT recognition
- Required — the startup must hold DPIIT (Startup India) recognition
Overview
The Department of Industries, Government of Bihar launched the Success Fee Scheme under the Bihar Startup Policy 2022. This program offers a 2% success fee on external investment raised by certified Bihar startups. The incentive is designed to ease the financial burden associated with fundraising by covering costs such as legal fees, due diligence charges, financial advisory fees, valuation expenses, and other transaction-related expenditures. By reimbursing these expenses, the scheme helps startups maintain financial stability as they scale up.
Highlights
- Success fee of 2% of external investment raised from angel or SEBI/RBI-approved institutional investors.
- Covers fundraising costs such as legal fees, due diligence, financial advisory, and valuation charges.
- Open to DPIIT-recognized, revenue-stage Bihar startups certified under the Bihar Startup Policy.
- Rolling deadlines – applications are accepted on an ongoing basis.
- Equity-free financial support: no dilution of ownership for the startup.
Who can apply
To qualify, a startup must be certified under the Bihar Startup Policy and registered in Bihar. The startup must be revenue-stage and have raised funding from angel investors or institutional investors recognized by SEBI or RBI. A signed investment agreement and proof of actual receipt of funds are required. The startup must also hold a valid DPIIT recognition certificate.
Bihar Startup Policy 2022: Success Fee Scheme is open to startups at the revenue stage. The programme is targeted at startups registered in Bihar. Applicants must hold DPIIT (Startup India) recognition.
- Eligible stage
- Revenue
- Location
- Open to startups registered in India
- DPIIT recognition
- Required — the startup must hold DPIIT (Startup India) recognition
Deadline & timing
Bihar Startup Policy 2022: Success Fee Scheme accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
Qualifying startups receive a success fee equal to 2% of the external investment raised from approved angel or institutional investors. This reimbursement is intended to cover legal fees, due-diligence charges, financial advisory fees, valuation charges, and other transaction-related costs incurred during fundraising.
About the provider
Bihar Startup Policy 2022: Success Fee Scheme is offered by Department of Industries, Government of Bihar, a government body. As a government-backed subsidy, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are submitted online through the Bihar Startup Portal. The Department of Industries verifies each application to ensure compliance with policy guidelines and eligibility criteria. Once verified and approved, the success fee is disbursed directly to the startup's registered bank account.
Documents you’ll need
Before you apply to Bihar Startup Policy 2022: Success Fee Scheme, keep these documents ready — note the program-specific requirements at the top:
- DPIIT (Startup India) recognition certificate — mandatory for this program
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
Bihar Startup Policy 2022: Success Fee Scheme is best suited for revenue-stage startups in India seeking non-dilutive funding. Because DPIIT recognition is mandatory, it is aimed at startups already registered under Startup India. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
What is the Bihar Startup Policy 2022 Success Fee Scheme?
It is a scheme offering a success fee equal to 2% of the investment a startup raises from angel investors or institutional investors recognized by SEBI or RBI.
Who are the eligible investors under this scheme?
Investors must be angel investors or institutional investors approved by SEBI or RBI. Investment from these recognized categories qualifies.
What are the main eligibility requirements?
The startup must be early-stage, certified under the Bihar Startup Policy, registered in Bihar, and have raised investment from an eligible investor. A signed investment agreement and proof of funds receipt are also required.
How much funding can I claim as a success fee?
You can claim 2% of the external investment raised. This reimburses expenses like legal fees, due diligence costs, financial advisory fees, and valuation charges.
Is there an application deadline?
No, the scheme operates on a rolling basis. You can apply anytime after securing eligible investment and receiving the funds.
Does the scheme take equity in my startup?
No, it is a reimbursement or grant. There is no equity stake involved, so ownership remains undiluted.
What documents are needed to apply?
You need a signed investment agreement, proof of funds receipt (like FIRC or bank statements), a valid DPIIT recognition certificate, and complete bank details for disbursement.
Do I need to be DPIIT-recognised to apply?
Yes, a valid DPIIT recognition certificate is mandatory and must be submitted with the application.
Which startups and locations are eligible?
Only startups certified under the Bihar Startup Policy and registered in Bihar can apply. There is no industry or entity type restriction.
How and where do I apply?
Applications must be submitted online through the official Bihar Startup Portal at startup.bihar.gov.in. The Department of Industries verifies and then disburses the success fee.
Who offers Bihar Startup Policy 2022: Success Fee Scheme?
Bihar Startup Policy 2022: Success Fee Scheme is offered by Department of Industries, Government of Bihar, a government body. It is provided as non-dilutive funding.
How do I apply for Bihar Startup Policy 2022: Success Fee Scheme?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
More funding from Department of Industries, Government of Bihar
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