Bihar Startup Policy 2022: Success Fee Scheme — Eligibility Criteria

To be eligible for the Bihar Startup Policy 2022: Success Fee Scheme, startups must meet several key criteria, focusing on their registration, stage, and funding source.

• The startup must be an early-stage entity that is certified under the Bihar Startup Policy.
• It is mandatory for the startup to be registered in Bihar.
• Applicants must have successfully secured funding from specific types of external investors: either angel investors or institutional investors that are officially recognized by SEBI or RBI.
• Crucially, proof of a signed funding agreement and the actual receipt of funds is required to demonstrate eligibility.
• The startup must also be a DPIIT-recognised entity and typically be in the revenue stage.

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.