Maharashtra Innovation and Technological Development Fund — Frequently Asked Questions
Answers to the questions founders most often ask about Maharashtra Innovation and Technological Development Fund — who qualifies, the funding amount, required documents and how the application works.
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.
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