I-Venture @ ISB
GENESIS Matching Fund
Contribution of up to ₹50 Lakhs to startups from Tier-2 and Tier-3 cities that have raised capital from institutional investors.
Last Day to Apply: October 30, 2025
About the Program
Gen-Next Support for Innovative Startups (GENESIS) by MeitY is a transformative initiative to strengthen the startup ecosystem in Tier-II and Tier-III cities. It consolidates existing startup schemes, offers targeted funding for early-stage and deep-tech ventures, and supports incubators through capacity-building efforts. GENESIS aims to foster innovation, nurture talent, and create a sustainable and inclusive ecosystem for tech startups across emerging regions.
The GENESIS-Matching Fund Program empowers entrepreneurs to scale by providing a matching fund contribution of up to ₹50 Lakhs to startups that have raised capital from institutional investors. By bridging this critical funding gap, the program accelerates innovation and drives entrepreneurship in Tier-II and Tier-III hubs.
As a proud program partner, AIC ISB offers startups unparalleled access to mentorship, networks, and resources—providing the perfect platform to turn bold ideas into impactful ventures.
Matching Fund Contribution: Up to INR 50 lakhs*
*To startups from Tier-II and Tier-III cities that have raised capital from institutional investors.
Focus Areas
Startups should work on a tech-based product/software in domains like Deep-tech, AI/ML, Cybersecurity, IoT, Blockchain, Fintech, Ed-tech, or Health-tech.
Eligibility Criteria
- Must be a registered Indian entity (Private Limited Company) with at least 51% Indian ownership.
- Must be registered in a Tier-II or Tier-III city.
- Must have a valid DPIIT certificate.
- Must have a market-ready product and preferably be revenue-generating.
- Preference is given to startups with granted patents.
- Must not be involved in any legal disputes.
- Funding is a 1:1 matching grant ranging from up to 50 lakhs based on external funds raised (government grants are not considered).
- Cannot be a startup previously supported under the TIDE 2.0 (Scale up) or Samridh schemes.
- The funding instrument is equity.
Contact Us
FAQs
What sources of funding are eligible under the scheme?
Only funds received from institutional investors are considered eligible. Funds received under government schemes or grants will not be counted as matching funds.
I have committed funds from an institutional investor but haven’t received the amount in my account yet. Am I eligible?
No. Only startups that have actually received the funds in their bank account from institutional investors will be considered eligible. Mere commitments or signed term sheets do not qualify
Are startups with government grants eligible?
Startups receiving government grants are eligible to apply, but the grants will not be considered as part of the matching fund contribution.
I have raised funds through a CCD (Compulsorily Convertible Debenture) instrument. Am I eligible?
No. Only startups that have raised funds through an equity instrument will be eligible under this scheme.
Is it mandatory for my startup to be registered in a tier 2 or 3 city?
Yes, it is mandatory for the startup to be registered in a tier 2 or 3 city.