ASIIM 3rd Call is Open

Ambedkar Social Innovation
Incubation Mission (ASIIM)

Funding Opportunity for Scheduled Caste Entrepreneurs

Supported by Ministry of Social Justice and Empowerment (MoSJ&E),
Govt of India Initiative under Venture Capital Fund for SCs

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

Application Call opens 15th September – 30th October 2022

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

Call 1

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

Aether Innovation Pvt Ltd

Founder: Satyabrata Jena

Crop Defender

Founder: Sumit Kumar Jatwar

UNXG Technologies Pvt Ltd

Founder: Deepak Ranjan Sethi

Coshal Unfolding Artistry Pvt Ltd

Founder: Ankesh Banjare

AmbulanceCo.

Founder: Ankan Biswas

BlackX

Founder: Abhishek D

DocBot

Founder: Mandar kamble /Ronit Nandeshwar

Call 2

Amahir Paints and Chemicals Pvt. Ltd.

Founder: Dr. Satya Prakash Verma

VERTOX LABS PRIVATE LIMITED

Founder: Gouri Shankar Behira

Yogita Framing

Founder: Deepak Kumar

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] 

Surekha Routray
[email protected]

Glossy Nayak
[email protected]

STARTUP INNOVATION CONCLAVE 1.0

KIIT Technology Business Incubator (KIIT TBI), Bhubaneswar will be completing 12 years in November this year. The 12th year anniversary marks an important milestone for us as we look back at our journey of glorious existence of more than a decade contributing to the innovation, entrepreneurship, and social upliftment of the Eastern & North Eastern Region in particular and the country as a whole.