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 IIMA Ventures Aerospace & Defence Acceleration Fund?
It is an equity funding program run by IIMA Ventures in partnership with Jaivel Aerospace. It provides pre-seed and seed funding of up to ₹3.7 crore to early-stage startups in aerospace, defence, and space-tech.
How much funding does the program offer?
Selected startups receive ₹3.7 crore (approximately USD 400,000) in equity investment.
What is the application deadline?
The program accepts applications on a rolling basis with no fixed deadline — it is always open.
Which startups are eligible to apply?
Startups must be at the pre-seed or seed stage, incorporated in India or in the process of incorporation. They must operate in aerospace, defence, or space-tech with a deeptech focus (e.g., autonomy, propulsion, AI, advanced materials, manufacturing, secure systems). Solutions should have dual-use potential and export scalability.
Does the program take equity?
Yes, this is an equity-based funding program. Startups give up a stake in their company in exchange for the ₹3.7 crore investment.
What support do startups receive besides funding?
Startups get access to advanced development facilities, global manufacturing networks, industry partnerships, and hands-on mentorship from global experts in aerospace engineering, manufacturing, and product development.
How many startups are selected?
The fund aims to build a portfolio of 8–10 high-impact startups.
How does the selection process work?
Applications are evaluated by IIMA Ventures and Jaivel Aerospace based on technology depth, dual-use relevance, and commercial potential. Shortlisted startups undergo detailed diligence before an offer is made.
Do I need DPIIT or MSME registration?
The program does not require DPIIT registration; MSME registration requirement is not specified.
Where and how can I apply?
Applications are accepted through the IIMA Ventures website at https://iimaventures.com/programs/aerospace-defence-acceleration-fund/.
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.
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