Excelium-SINE DeepTech Innovation Grant Program

The Society for Innovation and Entrepreneurship (SINE) at IIT Bombay has partnered with Excelium Technologies to launch the Excelium-SINE DeepTech Innovation Grant Program. This initiative, funded by a CSR Grant, targets early-stage deeptech startups that are developing products and validating their technology. The program focuses on innovations at Technology Readiness Level (TRL) 4 and above, offering milestone-based grant funding and vital ecosystem support to help startups move from an advanced prototype to a market-ready solution.

The program addresses the critical funding gap that deeptech ventures often face, providing not only financial assistance but also access to SINE’s infrastructure, technical expertise, and a network of mentors and industry stakeholders. By supporting product development and validation, it aims to foster a robust innovation ecosystem and prepare startups for commercialisation and investment.

• Grant funding up to ₹20 lakh
• 6-month program tenure
• Focus on DeepTech (TRL 4+)
• Milestone-based disbursement
• Access to SINE (IIT Bombay) ecosystem

To apply, you must be a Private Limited company registered in India with at least 51% Indian shareholding. Your startup must hold DPIIT recognition. The core technology must be DeepTech and at Technology Readiness Level (TRL) 4 or above. You should also have a clear roadmap for commercialisation. The program is open to early-stage startups focused on product development and validation.

Excelium-SINE DeepTech Innovation Grant Program is open to startups at any stage. It is open to startups registered anywhere in India.

Applications for Excelium-SINE DeepTech Innovation Grant Program are open and the current deadline is Closes in 1d (16 Jul 2026). Applications are closing soon, so prepare your documents early. Deadlines can change — always reconfirm on the official source before submitting.

The program offers non-repayable grant funding of up to ₹20 Lakhs over a 6-month tenure. Funds are released in tranches based on mutually agreed milestones, ensuring focused progress. Beyond cash, you gain access to SINE’s institutional and technical infrastructure, mentorship from IIT Bombay faculty and industry experts, and ecosystem support including in-house testing, trials, and regulatory guidance. The program also facilitates investor engagement and networking with key stakeholders to accelerate commercialisation.

Excelium-SINE DeepTech Innovation Grant Program is offered by SINE, IIT Bombay, an academic institution. It is delivered directly by SINE, IIT Bombay as a grant. You can verify current details and timelines on the provider's official website before applying.

Applications are reviewed by a selection committee comprising experts from SINE, IIT Bombay, and industry partners. Evaluation criteria include the innovativeness and deeptech nature of the solution, the Technology Readiness Level (TRL 4+), commercialisation potential, clarity of the product development roadmap, and strength of the founding team. Shortlisted startups may be invited for a detailed interview or pitch presentation. The committee’s decision is final.

Before you apply to Excelium-SINE DeepTech Innovation Grant Program, keep the following documents ready:

• 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.

Excelium-SINE DeepTech Innovation Grant Program is best suited for startups in India seeking non-dilutive funding of ₹20L. If that describes your startup, review the eligibility criteria above before applying.