Maharashtra Innovation and Technological Development Fund
A Maharashtra government fund providing grants up to ₹10Cr to early-stage startups and MSMEs incorporated in Maharashtra, focusing on innovation in key sectors like agriculture and healthcare.
- Funding amount
- ₹10Cr (grant)
- Funding type
- Grant
- Provider
- Maharashtra State Innovation Society (MSInS) (Government)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Maharashtra Innovation and Technological Development Fund is a government initiative run by the Maharashtra State Innovation Society (MSInS). It aims to build a strong ecosystem for innovation and technological advancement within Maharashtra. The fund provides financial support and resources to startups, entrepreneurs, and researchers developing solutions that address critical societal and industrial challenges. It focuses on investing in early-stage Maharashtra-incorporated startups and MSMEs with innovative and scalable business models, particularly those working on product, process, or service improvements.
Highlights
- Grant funding of up to ₹10Cr for early-stage startups and MSMEs.
- Only companies incorporated and operating in Maharashtra are eligible.
- Focus on impact-driven sectors like agriculture, healthcare, and waste management.
- Run by the Maharashtra State Innovation Society (MSInS).
- Applicants must qualify as a startup under the Startup India initiative.
Who can apply
Eligibility is limited to companies incorporated in Maharashtra under The Companies Act, 2013, with operations domiciled within the state. Applicants must meet the definition of a startup as per the Startup India initiative and focus on impact-driven solutions in sectors such as agriculture, healthcare, waste management, and similar areas.
Maharashtra Innovation and Technological Development Fund is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Maharashtra Innovation and Technological Development Fund accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
Selected startups receive a grant of up to ₹10Cr. The funding is designed to support product development, process improvement, or service enhancement, helping startups scale their innovative solutions.
About the provider
Maharashtra Innovation and Technological Development Fund is offered by Maharashtra State Innovation Society (MSInS), a government body. As a government-backed grant, it is publicly funded and open to eligible startups across India. You can verify current details and timelines on the provider's official website before applying.
Documents you’ll need
Before you apply to Maharashtra Innovation and Technological Development Fund, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
Maharashtra Innovation and Technological Development Fund is best suited for startups in India seeking non-dilutive funding of ₹10Cr. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding is offered?
The fund provides grants of up to ₹10Cr.
What is the application deadline?
The application deadline is not specified.
Who is eligible to apply?
Only companies incorporated in Maharashtra under The Companies Act, 2013, with operations domiciled in Maharashtra, and that meet the Startup India definition, are eligible. The startup must focus on impact-driven solutions in sectors like agriculture, healthcare, waste management, etc.
Is DPIIT or MSME registration required?
The eligibility criteria do not explicitly require DPIIT or MSME registration, but applicants must meet the startup definition under the Startup India initiative, which typically involves DPIIT recognition.
Does the fund take equity?
No, the funding is provided as a grant, which is non-dilutive and does not require equity.
What documents are needed to apply?
The application process involves completing a Google form available on the IDBI Capital website. The specific documents required are not detailed.
How do I apply?
You can apply by filling out the Google form on the IDBI Capital website at the provided URL.
What sectors are supported?
The fund supports impact-driven solutions in sectors such as agriculture, healthcare, waste management, and other areas addressing societal and industrial challenges.
Who offers Maharashtra Innovation and Technological Development Fund?
Maharashtra Innovation and Technological Development Fund is offered by Maharashtra State Innovation Society (MSInS), a government body. It is provided as non-dilutive funding.
More funding from Maharashtra State Innovation Society (MSInS)
Maharashtra State Innovation Society (MSInS) runs 3 other programs listed on startupfunds — compare them before you decide where to apply.
Alternatives to Maharashtra Innovation and Technological Development Fund
Not sure Maharashtra Innovation and Technological Development Fund is the right fit, or already applied? These are other grants open to Indian startups that founders shortlist alongside it.
Questions from founders
Ask anything about eligibility, documents or the process — answered by the community.
No questions yet — be the first to ask.