GENESIS (Gen-Next Support for Innovative Startups) — Frequently Asked Questions
Answers to the questions founders most often ask about GENESIS (Gen-Next Support for Innovative Startups) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does GENESIS provide?
GENESIS offers grant funding ranging from ₹10 lakh to ₹1 crore.
What is the application deadline for GENESIS?
The deadline is not specified in the available information. It is advisable to check the official MeitY Startup Hub website for updates.
Who can apply for the GENESIS scheme?
Early-stage technology startups that are beneficiaries of MeitY schemes or registered with MSH, DPIIT-registered, with at least 51% Indian promoter ownership, a full-time CEO, and market-ready products can apply.
Is DPIIT registration mandatory for GENESIS?
Yes, DPIIT registration is a mandatory eligibility requirement.
Does GENESIS take equity in exchange for funding?
No, GENESIS provides grant funding, which is non-dilutive and does not require equity.
What kind of startups are preferred under GENESIS?
The program supports early-stage technology startups. Preference is given to startups with market-ready products and those seeking funds for business development and commercialization.
Are startups from any state eligible?
Yes, startups from all states can apply, but the scheme prioritizes Implementing Agencies in Tier-II and Tier-III cities to ensure wider regional coverage.
What documents are needed to apply for GENESIS?
The required documents are not explicitly listed, but typical documents include DPIIT registration certificate, proof of promoter ownership, company incorporation details, and a business plan.
How do I apply for GENESIS?
Applications are submitted online through the MeitY Startup Hub portal at https://msh.meity.gov.in/schemes/genesis.
What support does GENESIS offer beyond funding?
The program also provides incubation facilities, mentorship, networking opportunities, and assistance with business development and commercialization.
Who offers GENESIS (Gen-Next Support for Innovative Startups)?
GENESIS (Gen-Next Support for Innovative Startups) is offered by Ministry of Electronics and Information Technology (MeitY), a government body. It is provided as non-dilutive funding.
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