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
What is the primary objective of the IHFC READY Program?
The IHFC READY Program is a pre-seed incubation initiative at IIT Delhi, aiming to accelerate innovation in critical deep-tech sectors like cobotics, artificial intelligence, drones, and autonomous systems.
How much financial support can a startup receive through this program?
Startups accepted into the IHFC READY Program can receive financial support of up to ₹5,00,000. This funding is intended to aid in ideation, product building, and prototyping for commercialization.
What non-monetary benefits are provided by the program?
Beyond financial assistance, the program offers a comprehensive six-month incubation, access to the IIT Delhi network, expert mentorship, essential lab space, full incubation access with IHFC, peer learning opportunities, regular assessments, and support for intellectual property creation and ownership.
Who is eligible to apply for the IHFC READY Program?
The program targets final year students for specific onboarding cycles in January and July. Additionally, recent graduates, within one to two years post-graduation, are eligible for flexible onboarding. Applicants must also be affiliated with a college or university and focus on deep-tech areas such as cobotics, AI, drones, or autonomous systems.
Does the IHFC READY Program take equity from participating startups?
No, the IHFC READY Program provides grant funding, which means it does not take any equity from the startups it supports.
What stages of startups does the program support?
The program supports startups at the idea and product stages, helping innovators translate initial concepts into market-ready technologies.
Is DPIIT or MSME registration required to apply?
Based on the program details, there is no explicit requirement for DPIIT or MSME registration to apply for the IHFC READY Program.
How can one apply for the IHFC READY Program?
Applications are accepted year-round through an online portal. Shortlisted candidates are invited for quarterly evaluation and pitch presentation sessions held in February, May, August, and November.
What types of entities are eligible to apply?
The program is open to individuals and academic entities that meet the eligibility criteria related to deep-tech focus and academic affiliation.
What is the application deadline for IHFC READY Program?
IHFC READY Program runs on a rolling basis with no fixed deadline — applications are accepted on an ongoing basis. Check the official site to confirm the window is currently open.
Who offers IHFC READY Program?
IHFC READY Program is offered by IHFC, IIT Delhi, an academic institution. It is provided as non-dilutive funding.
How do I apply for IHFC READY Program?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.