Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance — Eligibility Criteria

To apply, startups must meet these conditions:

• DPIIT Recognition: The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India.
• Madhya Pradesh Registration and Operation: The startup must be registered and conduct its primary business activities within Madhya Pradesh.
• Institutional Investment: The startup must have raised investment from a SEBI or RBI registered institutional investor, such as an Alternate Investment Fund (AIF), Venture Capital (VC) firm, or recognized angel network.
• Proof of Investment: Applicants must provide a signed funding agreement and verifiable evidence of fund receipt (e.g., bank statements or Foreign Inward Remittance Certificate for foreign investments).
• Women-Led Bonus: For the extra 20% bonus, women must collectively hold more than 50% equity in the startup. Eligible entity types include private limited companies, LLPs, and partnerships. The program is open to revenue-stage startups.

Madhya Pradesh Startup Policy 2022: Investment-Linked Assistance is open to startups at the revenue stage. The programme is targeted at startups registered in Madhya Pradesh. Applicants should be registered as private limited, llp and partnership. Applicants must hold DPIIT (Startup India) recognition.