NRL Ideation Angel Fund (NRL IAF) — Frequently Asked Questions

NRL IAF provides grant funding of ₹25 lakh to ₹7.5 crore for idea-stage startups. For later stages, the fund will offer equity or convertible notes.

The application deadline is not specified. The portal is open throughout the year, and for idea-stage grants, proposals are reviewed quarterly.

Any Indian citizen, NRI, or NRL employee on lien can apply, provided the project is based in or out of North East India.

Startups must be DPIIT recognized and registered as a Private Limited Company. They should have scalable business models, significant growth potential, proven market potential, a talented management team, and a clear exit strategy.

Yes, DPIIT recognition is required. MSME registration is not mentioned.

For idea-stage startups, funding is provided as a grant (non-dilutive). For later stages, equity or convertible notes will be used, which means the fund will take a stake.

Proposals are screened and evaluated in three stages: Screening & Preliminary Evaluation, Evaluation by Jury, and Final Approval. Idea-stage grants are reviewed quarterly.

Visit the application portal at https://www.ideation.nrl.co.in/ and submit your startup proposal online.

The program does not specify a list of documents, but typical requirements include business plan, financial projections, and proof of DPIIT recognition.

For idea-stage grants, the project must be based out of or in North East India. For later stages, there is no specific geographic restriction mentioned.

NRL Ideation Angel Fund (NRL IAF) is offered by NEDFi, a government body. It is provided as non-dilutive funding.