Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology — Frequently Asked Questions

Samriddhi 2.0 is an incubation program by TECHIN IIT Palakkad and Symega Food Ingredients Ltd., designed to support innovative solutions in the Food Technology sector. It offers funding, mentorship, and incubation support to early-stage startups with a working prototype.

The program offers funding support of up to ₹5 Lakhs, provided as an equity investment. TECHIN will hold a minor equity stake in the selected startups, with the exact amount and equity percentage determined through discussions.

Applicants must be Indian nationals, have an innovative Food Technology idea at TRL-4 or above (with a working prototype), and either be a registered startup or willing to register immediately upon selection. A founder or co-founder must commit full-time. Prior applicants to TECHIN incubation calls within the last three months are not eligible.

The program focuses on Innovative Food Production & Processing, Sustainable Packaging & Preservation, Smart Processing & Automation, Food Waste Management & Circular Economy, and Food Safety, Quality & Nutritional Innovation.

No, the program offers a hybrid incubation model (Online & Offline). Virtual pitching is possible, and while subsidized incubation space is available at IIT Palakkad, relocation is not mandatory.

While not explicitly stated as a prerequisite, applicants must be a startup or willing to register as one immediately after selection. DPIIT recognition is typically part of formal startup registration in India and would be expected.

The incubation package includes mentorship from experts and the PAN IIT network, business model fine-tuning, subsidized incubation space, access to fabrication and rapid prototyping facilities, and consultation for legal, financial, IP, and business aspects, along with investor connections.

Applications are submitted via the online Google Form link provided on the program page. After initial review, shortlisted teams participate in a first virtual pitch round, followed by a final pitching round. Selection is based on these evaluations.

The application deadline for Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology is Closed (10 Jul 2026). Deadlines can be revised, so reconfirm on the official source before applying.

Yes. Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.

Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology is offered by IIT Palakkad Technology IHub Foundation (IPTIF), an academic institution. It is provided as an investment.