Bihar Startup Policy 2022: Success Fee Scheme — Frequently Asked Questions

This scheme, part of the Bihar Startup Policy 2022, offers a financial incentive to early-stage startups registered in Bihar. It provides a success fee equivalent to 2% of the investment a startup successfully raises from approved external angel or institutional investors.

The Success Fee Scheme provides a grant, meaning it is non-dilutive and the program does not take any equity in your startup.

Yes, the external investment must be secured from either angel investors or institutional investors that are officially recognized by SEBI or RBI to be eligible for this scheme.

Eligible startups must be early-stage entities certified under the Bihar Startup Policy, be registered in Bihar, and have successfully secured funding from the specified eligible investors. They must also be DPIIT-recognised and typically in the revenue stage.

No, the application process for the Success Fee Scheme is rolling, meaning applications are accepted continuously and there is no specific deadline.

The success fee helps defray various costs incurred during the fundraising process, including essential legal fees, due-diligence charges, financial advisory fees, and valuation charges, among other transaction-related expenditures.

Applicants will typically need to submit a signed investment agreement, proof of fund receipt (such as an FIRC), their DPIIT certificate, and their bank details to process the application.

You can submit your application online through the official Bihar Startup portal at https://startup.bihar.gov.in/.

No. Bihar Startup Policy 2022: Success Fee Scheme is grant and is non-dilutive — the provider does not take an equity stake in your startup.

Yes. To apply for Bihar Startup Policy 2022: Success Fee Scheme, your startup must hold DPIIT (Startup India) recognition. You can obtain it free of charge on the Startup India portal before applying.

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.

Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.