IHFC READY Program — Frequently Asked Questions
Answers to the questions founders most often ask about IHFC READY Program — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does the IHFC READY Program provide?
The program offers financial support of up to ₹5,00,000 (Indian rupees) as an equity-free grant for ideation, building, and prototyping.
Is the funding equity-free?
Yes, the ₹5,00,000 is a grant — no equity is taken from your startup.
Who can apply to this program?
The program is open to final-year college students and recent graduates (within one to two years post-graduation) who are working on deep-tech innovations in cobotics, AI, drones, autonomous systems, or allied fields. You must have a college or university affiliation.
Do I need DPIIT or MSME registration to apply?
No, the program does not mandate DPIIT or MSME registration.
What is the application deadline?
The application cycle is rolling — you can apply anytime through the year. However, screening and pitch presentation happen quarterly in February, May, August, and November.
What documents or information do I need to apply?
You must provide details about your deep-tech idea, its commercial potential, and your alignment with IHFC's mandate. Typically, you'll also submit a pitch deck for the evaluation session. The exact requirements are given on the online application portal.
How long does the program run?
The curation and support phase lasts for six months, though IP ownership and network access can continue long-term.
Can I apply as an individual or do I need a registered company?
You can apply as an individual, as long as you are a final-year student or recent graduate with college affiliation. You do not need a registered company at the time of application.
What kind of support will I get for intellectual property?
The program encourages and supports you to create and own your patentable IP, which helps build a competitive moat for your startup.
How do I apply?
Applications are accepted through the IHFC online portal at https://ihfc.accubate.app/ext/survey/8656/apply. Submit the form and you'll be considered for the next available pitch round.
Who offers IHFC READY Program?
IHFC READY Program is offered by IHFC, IIT Delhi, an academic institution. It is provided as non-dilutive funding.