NIDHI-Seed Support Program at AIC-RNTU Foundation — Frequently Asked Questions
Answers to the questions founders most often ask about NIDHI-Seed Support Program at AIC-RNTU Foundation — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding is provided under this program?
Selected startups receive a grant of up to ₹50 lakh.
What is the application deadline?
The deadline is not specified in the available information. Please check the AIC-RNTU Foundation website for updates.
Which startups are eligible to apply?
Startups must be DPIIT-registered companies in India, have completed at least 3 months in the AIC-RNTU Foundation's incubation program (resident or virtual), have a validated USP, and have at least 51% shareholding by Indian promoters (including OCI/PIO holders). Preference is given to startups that have not received previous government funding.
Is DPIIT registration required?
Yes, the startup must have a DPIIT registration.
Is MSME registration required?
No, MSME registration is not mentioned as a requirement.
Does the program take equity or is it a grant?
This is a grant program, so no equity is taken. The funding is non-dilutive.
Can OCI or PIO holders apply?
Yes, holders of Overseas Citizens of India (OCI) or Persons of Indian Origin (PIO) are considered Indian citizens for the purpose of this scheme.
What documents are typically needed to apply?
The specific document list is not provided, but you will likely need proof of DPIIT registration, incubation completion certificate, company registration documents, shareholding pattern, and a pitch deck with customer validation evidence.
How do I apply?
Applications can be submitted through the AIC-RNTU Foundation website at https://www.aicrntu.com/apply_nidhi_ssp.
What is the selection process?
The selection process details are not provided in the available information.
Who offers NIDHI-Seed Support Program at AIC-RNTU Foundation?
NIDHI-Seed Support Program at AIC-RNTU Foundation is offered by AIC-RNTU Foundation, an academic institution. It is provided as non-dilutive funding.
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