IIMA Ventures Aerospace & Defence Acceleration Fund — Frequently Asked Questions
Answers to the questions founders most often ask about IIMA Ventures Aerospace & Defence Acceleration Fund — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the IIMA Ventures Aerospace & Defence Acceleration Fund?
This is an equity funding program launched by IIMA Ventures in partnership with Jaivel Aerospace. It aims to support and accelerate early-stage deeptech startups in India's aerospace, defence, and space-tech sectors to foster technological self-reliance and global competitiveness.
How much funding can a startup receive through this program?
Selected startups are eligible to receive up to ₹3.7 crore (USD 400,000) in pre-seed or seed equity funding to help them develop and scale their innovative solutions.
What is the application deadline for this fund?
The application deadline for the IIMA Ventures Aerospace & Defence Acceleration Fund is not specified in the program details.
Which stages of startups are eligible for this program?
The fund targets startups that are at the pre-seed or seed stage, seeking their initial institutional investment to develop and commercialize their deeptech solutions.
What specific sectors and technology areas does the fund focus on?
The program focuses on deeptech startups within the Aerospace, Defence, and Space-tech sectors. This includes technology areas such as autonomy, propulsion, artificial intelligence, advanced materials, manufacturing, and secure systems.
Are there any specific legal entity requirements for applicants?
Yes, eligible startups must be legally registered in India as either a Limited Liability Partnership (LLP) or a Private Limited Company, or be actively in the process of incorporation.
Is DPIIT startup recognition mandatory to apply?
No, DPIIT startup recognition is not a mandatory requirement for startups applying to the IIMA Ventures Aerospace & Defence Acceleration Fund.
Does this program take equity in the selected startups?
Yes, this is an equity funding program, meaning IIMA Ventures will take a stake in the selected startups as part of the investment.
Where can interested startups apply for this fund?
Startups interested in applying for the IIMA Ventures Aerospace & Defence Acceleration Fund can find more information and the application portal on the official IIMA Ventures website.
Who is eligible to apply for IIMA Ventures Aerospace & Defence Acceleration Fund?
IIMA Ventures Aerospace & Defence Acceleration Fund is open to startups at the idea and product stage working in space drone defense. It is open to startups registered anywhere in India. Applicants should be registered as llp and private limited.
Who offers IIMA Ventures Aerospace & Defence Acceleration Fund?
IIMA Ventures Aerospace & Defence Acceleration Fund is offered by IIMA Ventures, an academic institution. It is provided as an investment.
How do I apply for IIMA Ventures Aerospace & Defence Acceleration Fund?
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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