Bihar Startup Policy 2022: Success Fee Scheme — Frequently Asked Questions
Answers to the questions founders most often ask about Bihar Startup Policy 2022: Success Fee Scheme — who qualifies, the funding amount, required documents and how the application works.
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.
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