About the Accelerator Program
Startup Accelerators of MeitY for Product Innovation, Development, and Growth (SAMRIDH) is a 6 months accelerator program supported by MeitY Startup Hub. The idea behind the program is to provide startups that already have brilliant solutions and proof of concept for their product the more facilities to enhance their product using innovative technologies for the market with a solid business plan and enable them to easily obtain investments from venture capitalists and angel investors.
₹ 80 lakhs of Funding
Up to INR 80 Lakhs
(1:1 Matching support)
Who Can Apply
IT, Software & Deep Tech startups in AI/ML, IoT, AR/VR, Blockchain, Web 3.0 technologies and other related areas
Cohort
10 Innovators
Objectives
The SAMRIDH scheme will support existing and upcoming Accelerators to select and accelerate potential product-based startups to scale. The program will focus on accelerating the startups by providing customer connections, investor connections and internationalization connection services.
Cohort Details
Impact so far
Applications Received
Startups Onboarded
Products Launched
Funds Committed (in INR Cr)
Termsheet Signed
IP & Patents Filed
Activities
Topics Covered
- Orientation & Ice Breaking Session
- Concept of Matching fund & various Investment Instruments
- What it takes to raise capital
- Crafting a Business Plan
- Valuation for the startups
- Deal Structuring
- Financial Modelling
- Termsheet & SHA
- Legal Compliances
- Market Research & Competitive Analysis
- Effective Pitch deck & Pitching
Investor Connect Session
Focus Sectors
Web 3.0
IoT, AI/ML, AR/VR
Blockchain
Agritech
Cleantech/Clean Energy
Healthtech
SAAS/Cybersecurity
Other emerging areas
SAMRIDH Accelerator Program Timeline
Outreach & Application
15th July 2022 – 15th August 2022
- The Applicant will be required to submit an online application following registration on the website
- Preliminary assessments and compliance checks would be conducted on all completed applications.
- Incomplete applications will not be considered eligible.
Shortlisting & Onboarding
15th August – 30th September 2022
- All applications will be screened internally for eligibility checks and appropriateness for further evaluation of the application.
- Further evaluation will be done by the External Screening Committee (ESC)
- Onboarding process, Signing of MoU and Post Onboarding Guidelines.
Accelerator Phase
1st October 2022 – 30th December 2022
The accelerator & the partner will run a structured 90 days deep mentoring program with the following objectives: –
- Provide the Startups with momentum to establish a strong position in the market by idea validation
- Identifying business opportunities
- Making potential customers
- Building a scalable business model and building Go-To-Market strategy
Demo Day
5th January 2023
- Introducing the startups to investor network for co-investment opportunities
- Award to startups: Top 3 startups to be considered for a mini grant
- Closing Ceremony as a part of the Demo Day
Program Offerings
Diagnostic Mapping
Mentor Matchmaking
Product Refinement
Investor & Business Workshops
Networking Sessions
Lab & Field Trials/Compliance for GeM
GTM & Pre-Commercialization/Commercialization Support
Other Compliance support
Investors Onboarded
Contact Us:
For Queries, Contact:
Dr. Namrata Misra | +91 88956 18296
Mr. Ray SaiSoubhagya | +91 7381899047
Mr. Arpan Ghosh | +91-7377340477
Frequently Asked Questions
Can I edit my application if I want to make changes to my proposal or my after I have made the submission?
No, you cannot edit your proposal after you have made the submission.
Can an applicant submit more than one application for different innovations?
Yes, the applicant can submit two applications within the above focus areas and eligibility criteria as mentioned. Please note that each application is associated with one email address. Therefore, please use different email addresses if you are making more than one application.
How many startups will be selected for the Accelerator Program?
The top 10 startups recommended by the External Screening Committee will be selected for the Accelerator program.
What is TRL?
– TRL 9 – Technology has been applied in its final form and is operational.
– TRL 8 – Technology is proven and developed but not yet operational or applied anywhere.
– TRL 7 – Actual system prototype is near completion or ready and has been demonstrated in an operational environment or is at pilot level.
– TRL 6 – Prototype is being tested in simulated operational environment or in a high- fidelity laboratory environment.
– TRL 5 – Technology has been put together and can be tested in a simulated environment.
– TRL 4 – Basic technological components have been integrated to establish that they work together.
– TRL 3 – Proof of Concept stage / Active R&D/ Advanced prototype has been initiated. This includes analytical studies and laboratory studies to physically validate the analytical predictions of separate elements of the technology.
– TRL 2 – Technology concept / application formulated
– TRL 1 – There are paper studies to support the technology’s basic properties.
Will an applicant be eligible to receive funding from India Health Fund and/or KIIT upon selection?
– Yes, an applicant will be eligible for funding upon final selection but the final decision on funding will be taken after due diligence as described above.
Can an organization which is getting registered soon apply?
Applicant organizations will have to produce relevant supporting documents if they are shortlisted, without which the shortlist process cannot proceed. Therefore, the applicant should apply with the registration document.
Information related to Intellectual Property and Information Access
– KIIT-TBI encourages applicants to share knowledge, processes and solutions that emerge from the proposal for benefit of society and accelerate the same in times of crisis.
How can an applicant submit queries?
Please submit queries via email to [email protected]