Mookerji Innovation Fund (MIF)
The Mookerji Innovation Fund (MIF) offers equity funding for BITSian founders at the MVP or pre-revenue stage, with a focus on DeepTech and women-led startups.
- Funding amount
- ₹5L – ₹50L (equity)
- Funding type
- Equity
- Provider
- PIEDS (Academic)
- Application deadline
- Closed (5 May 2026)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Mookerji Innovation Fund (MIF) is an initiative by PIEDS designed to support early-stage ventures. It focuses on providing crucial equity-based investment to startups that are at the Minimum Viable Product (MVP) or pre-revenue phase. This fund specifically targets entrepreneurs who are current students or recent alumni of BITS Pilani. The program aims to foster innovation within the BITSian community by backing promising new businesses. MIF places a particular emphasis on startups operating in DeepTech sectors and those led by women. This strategic focus helps to promote diversity and advance cutting-edge technological developments within the Indian startup ecosystem.
Highlights
- Equity funding for BITSian founders.
- Investment range: ₹5,00,000 to ₹50,00,000.
- Target stage: MVP or pre-revenue.
- Application deadline: May 5, 2026.
- Preference for DeepTech and women-led startups.
- Managed by PIEDS.
Who can apply
To be considered for the Mookerji Innovation Fund, applicants must meet specific criteria related to their founding team, company structure, and startup stage. At least one co-founder must be a BITSian, which includes current students of BITS Pilani or alumni who have graduated within the last five years from BITS Pilani. The company must be incorporated as a Private Limited company. Furthermore, the startup should be at the Minimum Viable Product (MVP) or pre-revenue stage. The investment provided by the fund is equity-based.
Mookerji Innovation Fund (MIF) 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
The most recent application window for Mookerji Innovation Fund (MIF) closed on 5 May 2026. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.
What the funding covers
The Mookerji Innovation Fund provides equity-based investment to selected startups. Successful applicants can receive funding ranging from ₹5,00,000 to ₹50,00,000. This capital is intended to support early-stage growth and development for eligible ventures.
About the provider
Mookerji Innovation Fund (MIF) is offered by PIEDS, an academic institution. It is delivered directly by PIEDS as a equity. You can verify current details and timelines on the provider's official website before applying.
Documents you’ll need
Before you apply to Mookerji Innovation Fund (MIF), 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
Mookerji Innovation Fund (MIF) is best suited for startups in India seeking an equity investment of ₹5L – ₹50L. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
What is the Mookerji Innovation Fund (MIF)?
The Mookerji Innovation Fund (MIF) is an equity-based funding program established by PIEDS to support early-stage startups. It specifically targets ventures founded by BITS Pilani students or recent alumni.
Who is eligible to apply for the Mookerji Innovation Fund?
Eligibility requires at least one co-founder to be a current student or an alumnus of BITS Pilani who graduated within the last five years. The startup must be incorporated as a Private Limited company and be at the Minimum Viable Product (MVP) or pre-revenue stage.
What is the maximum funding amount offered by MIF?
The Mookerji Innovation Fund offers equity investments ranging from ₹5,00,000 to ₹50,00,000 to eligible startups.
What is the application deadline for the Mookerji Innovation Fund?
The current deadline to apply for the Mookerji Innovation Fund is May 5, 2026.
Does the Mookerji Innovation Fund have any specific preferences for startups?
Yes, the fund shows a preference for startups operating in DeepTech sectors and those that are led by women entrepreneurs.
What type of investment does MIF provide?
The Mookerji Innovation Fund provides equity-based investment, meaning it takes a stake in the company in exchange for funding.
How can I apply for the Mookerji Innovation Fund?
You can apply for the Mookerji Innovation Fund through the official application portal available at https://pieds.accubate.app/ext/form/23548/1/apply.
Does Mookerji Innovation Fund (MIF) take equity?
Yes. Mookerji Innovation Fund (MIF) is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.
Is DPIIT recognition required for Mookerji Innovation Fund (MIF)?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Mookerji Innovation Fund (MIF), though having it can strengthen your application and unlock other benefits.
Who offers Mookerji Innovation Fund (MIF)?
Mookerji Innovation Fund (MIF) is offered by PIEDS, an academic institution. It is provided as an investment.
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Alternatives to Mookerji Innovation Fund (MIF)
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