IIML EIC invests in tech-driven, early-stage startups with high potential and national impact. Through its Venture Fund, Angel Network, and programs, IIML EIC provide seed funding, mentorship, and resources to accelerate growth and nurture innovation. Our goal is to create successful businesses, and fuel India's entrepreneurial ecosystem. Our focus is to backing the fearless founders building the disruptive solutions in their ventures.
IIML-Venture Fund is a corpus of seed funds created by IIML-EIC for supporting early-stage
incubated startups. We provide SEED capital under this arm. The fund is sector agnostic with
technology focus. Objective is to provide support to deserving startups to build their financial
foundation and raise capital from external investor.
Eligibility:
• Registered company in India incubated at IIML EIC
• Shareholding by Indian promoters in the incubate start up should be at least 51%.
• Startup should be recognized by DPIIT
Fund Size: Upto INR 25 Lacs
Fund Instrument: CCPS
NIDHI –SSP under the Department of Science and Technology (DST), Government of India
provides financial assistance to start-ups with promising Ideas, Innovations, and Technologies. This
timely support enables deserving start-ups to build their financial foundation and be able to raise
investments from angel and venture capitalist and other financial institutions.
Eligibility:
• Registered company in India with minimum of three months of physical or virtual incubation
at IIML EIC
• Shareholding by Indian promoters in the incubate start up should be at least 51%.
• Startup should be recognized by DPIIT
Fund Size: Upto INR 50 Lacs
Fund Instrument: Equity or Quassi Equity Instrument, OCD or CCD
Startup India initiative of the Government of India envisages building a robust Start-up
ecosystem in the country for nurturing innovation and providing opportunities to budding
entrepreneurs.
Objective of fund is to provide financial assistance to startups for Proof of Concept, Prototype
Development, Product Trials, Market Entry, and Commercialization.
Eligibility:
• A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of
application and must be having technology in its core product or service, or business model
• Startup should not have received more than Rs 10 lakh of monetary support under any other
Central or State Government scheme.
• SShareholding by Indian promoters in the startup should be at least 51% at the time of
application to incubator for the scheme
Fund Size: Upto INR 50 Lacs
Fund Instrument: Optional Convertible Debt