MeitY SAMRIDH Accelerator

About the Program

The Government of India has launched a comprehensive initiative to foster innovation and support start-ups through its Startup Accelerator of MeitY for Product Innovation, Development, and Growth (SAMRIDH) program, addressing the need for an accelerator program that drives social impact and scales solutions for India's challenges. The program aims to support 300 tech Start-Ups in 3-year duration with cohort size of 5-10 Start-Ups.
Matching funding support of up to ₹40 lakh under SAMRIDH, subject to scheme terms, selection and matching investment.

Major Objective

The SAMRIDH scheme aims to support existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale. Among others, the program focuses on accelerating the startups by providing customer connect, investors connect and connect to international markets.

Salient Features of the Scheme

• The SAMRIDH Scheme provides start-ups which already have brilliant solutions and proof of concept for their product, better facilities to enhance their product using innovative technologies for the market with a solid business plan.
• The SAMRIDH scheme supports existing and upcoming Accelerators to select and accelerate potential IT based start-ups to scale for solving India's problems creating positive social impact.
• The SAMRIDH Scheme provides start-ups with a platform to enhance their products and secure investments for scaling their business.
• Once a Start-up gains traction, there is a gap in accessing the growth stage funding to scale up the operations, and SAMRIDH Scheme is filling up this gap for the start-ups.

Eligibility

• A startup registered under the Companies Act 2013 with at least 51% Indian shareholding.
• DPIIT recognition is required.
• A technology-based startup seeking to scale and raise investment.
• A prototype ready for market validation, initial traction and private investment plans.

Call for application

• Applications closed
• Cohort schedule: confirm with ABIF
• Link: Ask about the next intake
• Contact Email ID: office@abif.iitkgp.ac.in

Focus Sector

• AgriTech & Sustainable Solutions
• DeepTech & Artificial Intelligence
• Electronics, IoT & Smart Devices
• Healthcare & MedTech
• Blockchain & Cybersecurity
• Supply Chain & Logistics
• Manufacturing
• FinTech

Benefits/Offerings

• Select Startups can get additional grants of upto ₹5 Lakh
• 3-6 months Tailor made acceleration program
• Access to state-of-the-art lab and prototyping facilities
• Access to Central Research Facility, DIY Lab & Agriculture Research Field at IIT Kharagpur
• Expert mentoring from IIT faculty and industry leaders
• Opportunities to pitch with angels and VC
• Support for IP filing, legal compliance, and GTM strategy
• Co-working Spaces at IIT Kharagpur, Kolkata & Bengaluru
• Access to super computer PARAM Shakti (if there is a genuine need)
• Participation in National level outreach events
• Access to Conference rooms, cafeteria, lounges etc.