Mookerji Innovation Fund (MIF) — Frequently Asked Questions
Answers to the questions founders most often ask about Mookerji Innovation Fund (MIF) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What is the Mookerji Innovation Fund (MIF)?
MIF is an equity-based early-stage investment fund led by PIEDS, the Technology Business Incubator of BITS Pilani. It provides funding, mentorship, and community support exclusively for BITSian founders.
How much funding can I get from MIF?
The cheque size ranges from ₹5 lakh to ₹50 lakh. You can get up to ₹50 lakh if you have a co-investment partner, or up to ₹20 lakh without co-investment.
What is the application deadline?
The deadline for applications is May 5, 2026.
Who is eligible to apply?
At least one co-founder must be a BITSian (current student at Pilani, Goa, Hyderabad, or Dubai campus, or alumnus who graduated within the last 5 years). The startup must be a Private Limited company and at the MVP or pre-revenue stage.
Does MIF take equity?
Yes, MIF provides equity-based investment. The fund takes an equity stake in your startup, aligning interests for long-term growth.
Is DPIIT or MSME registration required?
The provided information does not specify a requirement for DPIIT or MSME registration. However, your startup must be incorporated as a Private Limited company.
What documents are needed to apply?
You need to submit an online application via the PIEDS Accubate form, detailing your team, product/service, market opportunity, business model, and financial projections.
How do I apply?
Applications are submitted online through the PIEDS Accubate form. The link is available on the PIEDS website or via startupgrantsindia.com.
Can startups previously funded by PIEDS apply?
Yes, but only for the ₹50 lakh tier with external co-investment. Startups that have already received PIEDS funding are not eligible for the ₹20 lakh tier.
What support does MIF offer beyond funding?
Founders receive coaching and mentorship from Silicon Road Ventures, PIEDS, and partner organisations, access to a community of BITSian builders, a bridge to the US market for select companies, and potential follow-on funding of $250K to $5M from Silicon Road Ventures.
Who offers Mookerji Innovation Fund (MIF)?
Mookerji Innovation Fund (MIF) is offered by PIEDS, an academic institution. It is provided as an investment.