(Note: All the uploading documents FileName should have only 1 extension max. Multiple dots in file name will be rejected due to security reasons)

Objective

One-time Grant-in-Aid, of up to INR 50 Lakhs, will be provided to startups requiring early – stage seed funding support to develop their ideas to a proof-of-concept stage and to scale up their businesses through technology advancements. Startups recognised under this program will be given mentoring and incubation support at subsidized rates at Government supported incubation centres to help in product development and validation.

ELEVATE UNNATI 2025 (SC/ST Entrepreneurs): Eligibility Criteria

1. The Startup should be incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in Karnataka.

2. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded INR 100 Crores.

3. An entity shall be considered as a startup up to 10 years from the date of its incorporation.

4. The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.

5. At least one of the Director(s)/ Partner(s) or collectively must belong to the SC/ST community and such SC/ST member(s) must hold a minimum of 70% equity in the company/ firm. The shareholding pattern as on the date of application and during the entire project duration must reflect this requirement. Any dilution or change in ownership that breaches this condition will lead to disqualification or termination of assistance.

6. The SC/ ST Director(s)/ Partner(s) should possess a valid digital caste certificate issued by the Revenue Department, Govt. of Karnataka with a valid RD NUMBER.

ELEVATE MINORITIES 2025 : Eligibility Criteria

1. The Startup should be incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in Karnataka.

2. Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded INR 100 Crores.

3. An entity shall be considered as a startup up to 10 years from the date of its incorporation.

4. The Startup should be working towards innovation/ improvement of existing products, services and processes and should have the potential to generate employment/ create wealth.

5. At least one of the Director(s)/ Partner(s) or collectively must belong to the Minority community and such Minority member(s) must hold a minimum of 51% equity in the company/ firm. The shareholding pattern as on the date of application and during the entire project duration must reflect this requirement. Any dilution or change in ownership that breaches this condition will lead to disqualification or termination of assistance.

6. The Director(s)/ Partner(s) belonging to the Minority community should possess a valid digital minority certificate issued by the Revenue Department, Govt. of Karnataka with a valid RD NUMBER.

Selection Process

The selection process for startups involves four stages of evaluation after submitting the online
application form via the Startup Karnataka Portal (https://eitbt.karnataka.gov.in/en through www.missionstartupkarnataka.org):

Stage 1: Eligibility check and document verification
Stage 2: Pitch deck evaluation
Stage 3: Multi-city pitching
Stage 4: Grand Finale

Nomination of Jury Members are taken from key industry associations such as NASSCOM, TiE (The Indus Entrepreneurs), IESA (India Electronics and Semiconductor Association), ABLE (Association of Biotech Led Enterprises), ABAI (Association of Bangalore Animation Industry), academia, VC Firms and others.