I-Venture @ ISB
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-EiR program helps students and entrepreneurs validate their startup ideas, offering support and resources to turn them into viable ventures. It fosters innovation and drives entrepreneurship in Tier-II and Tier-III cities. As a program partner, AIC ISB provides unparalleled support, mentorship, and resources, offering the perfect platform to turn your innovative ideas into reality.
Funding Support: Up to INR 10 lakhs*
For early-stage startups in Tier-II and Tier-III cities to accelerate their growth.
Last date to apply: October 10, 2025
Focus Areas
Electronic Design and Manufacturing
Deeptech Software / Products
ICT (Information & Communication Technology) Space
Eligibility Criteria
- Entrepreneur Eligibility
- Nationality: Must be an Indian citizen.
- Age: Must be at least 18 years old at the time of application.
- Commitment: Applicants should either be full-time UG/PG students with entrepreneurial pursuits or founders/co-founders of DPIIT-registered startups (≤ 2 years old), be first-generation entrepreneurs, and committed to working full-time on their startup during the EiR program.
- Startup/Idea Eligibility
- Stage of the Startup: Must be in ideation, validation, or early stages.
- Must not have received funding exceeding ₹10 lakh, including government grants.
- Should have scalability potential and create impact, especially in Tier-II and Tier-III cities.
- Legal Compliance: If incorporated, must be registered as a Private Limited Company or LLP under Indian laws.
- Funding and Financial Eligibility
- No Prior Funding: Must not have received significant private or government funding for the same idea.
- Grant Utilization: Must have a clear plan for using EiR support, such as prototype development or market validation. Priority given to startups from Tier-II and Tier-III cities.
Program Benefits
Elevating Journey
EiRs receive continuous handholding and incubation support to advance their entrepreneurial journey, including assistance in applying for additional funding programs, driving growth in Tier-II and Tier-III cities.
Prototyping
Access to AIC ISB’s Makerspace for product development, prototyping, testing, and expert guidance from partners, empowering entrepreneurs in emerging regions.
Mentorship and Guidance
Receive expert guidance from ISB’s successful startups, alumni, and mentor network, helping refine business models, strategies, and gain market insights.
Co-working Space
EiRs work in a collaborative, open environment with essential amenities.
Capacity Building
Tailored support and training programs designed to enhance EiRs' core skills, expand their capabilities, and help them overcome the unique challenges of emerging markets.
Networking Opportunities
EiRs gain access to AIC ISB’s networking events, connecting them with investors, industry experts, fellow entrepreneurs, and key stakeholders to foster valuable partnerships in Tier-II and Tier-III cities.
Process
Meet Cohort 1
FAQ
What is GENESIS- EiR?
GENESIS by MeitY boosts the startup ecosystem in Tier-II and Tier-III cities by providing funding, mentorship, and resources to turn ideas into viable ventures.
What documents are required for EIR support at the time of application?
- Completely filled Application form given in link above.
- In case of Scheduled Caste (SC) / Scheduled Tribe (ST), caste certificate from valid government department
Can final year students or PhD pursuing students apply for the program?
Applicants must be full-time UG/PG students with entrepreneurial pursuits or founders/co-founders of DPIIT-registered startups (≤ 2 years old). For PhD students, if they are getting fellowship from their institution, then they are not eligible. Please refer to the eligibility section to know more.
How much fund is given to a GENESIS-EiR fellow?
An amount of up to INR 10,00,000 can be provided as support to a GENESIS-EiR fellow in a timeframe of minimum 6 months.
Can I get GENESIS EiR while pursuing a job or some other business?
No, the support is for full time working entrepreneurs only. Please refer to the eligibility section to know more.
What is the selection process?
- After receiving applications, AIC ISB, as the Program Execution Partner (PEP), will verify applicant eligibility.
- Eligible applicants will be evaluated by AIC ISB’s selection committee based on specific criteria to determine the final recipients of GENESIS-EiR support.
How will applications be evaluated?
Applications are assessed based on the startup’s stage, scalability potential, impact, and alignment with the program’s objectives.
What is the criteria for exclusion from this program?
- Individuals currently enrolled in other full-time incubation/entrepreneurship schemes or programs, unless permitted by both programs.
- Startups involved in unethical, illegal, or non-compliant business activities.
Is the information provided by me kept confidential?
Absolutely, we maintain the confidentiality of all the applications we receive under different schemes. All third-party reviewers sign non-disclosure and no-conflict agreements before viewing the applications.
Can I submit two applications for two different ideas under one call?
Yes, but only one will be finally provided GENESIS-EiR support, if selected.