ASIIM 2nd Call is Open

Ambedkar Social Innovation Incubation Mission (ASIIM)

Funding Opportunity for Scheduled Caste Entrepreneurs

Last date for accepting applications – 16th April, 2022

Funding up to INR 30 lakhs

As equity

Over a three-year period

About ASIIM Scheme

The objective of this initiative is to provide focused support to young SC entrepreneurs who are engaged in working on innovative and technology-oriented business ideas either in educational campuses or Technology Business Incubators (TBIs), to help them setup successful commercial en­terprises.

Launched by Ministry of Social Justice and Empowerment (MoSJ&E), Govt of India

Under IFCI Venture Capital Fund for SCs (VCF-SC)

Eligibility Criteria

The eligibility criteria for sending proposals for seeking assistance under ASIIM initiative is as follows:

Selection Process

  1. Online application
  2. Screening by KIIT-TBI
  3. One on one mentoring
  4. Online application on ASIIM portal
  5. Documentation process
  6. Documents submission
  7. 1st round Review of the documents by IFCI
  8. 2nd round review of hardcopies of the documents in Delhi
  9. Signing of SHA shared by IFCI and submission of disbursement letter
  10. Release of 1st tranche

Call Timeline

01.

Call for Applications

1 Month

02.

Screening & Evaluation

15 Days

03.

Monitoring & Facilitation

2 Months

04.

Release of first tranche

15 Days

Supported Startups

Lahre Spectrum Pvt Ltd

Founder: Ramlal Lahre

Net 4 U Pvt Ltd

Founder: Sadhuram Chatriya

H2M Food & Beverages Pvt Ltd

Founder: Santosh Khemendu

Advance Design & Analysis Solutions Pvt Ltd

Founder: Chittaranjan Sethi

AI Pvt Ltd

Founder: Satyabrata Jena

SMPS Electric Control Pvt Ltd

Founder: Subhakanta

Frequently Asked Questions

  1. The identified innovative ideas from SC students in the TBIs would be provided equity assistance towards TBI accommodation cost, Hardware, Software, Fellowship, Travel and marketing, IP filing, Tool-room expenses, Co-workers etc.
  2. During the incubation period of 3 years, the entrepreneurs shall not be insisted for any financial contribution except the expenses required for forming a company which would be borne by the entrepreneurs or TBIs. Financial assistance to these initiatives shall be released to the Companies
    promoted by these young SC entrepreneurs.
  1. SC Certificate
  2. Latest Resume
  3. Pitch Deck
  1. TBI Accommodation Cost
  2. Hardware
  3. Software
  4. Fellowship
  5. Travel and Marketing
  6. IP filing
  7. Tool room expenses
  8. Coworkers (1) @ Rs 20,000/month

We aim to support, promote, hand-hold the start-up ideas of SC youths till they reach the commercial stage by providing liberal equity support.

Contact Us: [email protected] / +91 83379 23142