Deadline: 4 January 2025
The Department of Electronics, Information Technology and Biotechnology (Department of El, IT & Bt), Government of Karnataka invites applications (online mode) from Innovators who have completed 3 year or 4 year-graduation programme (Science/Engineering stream) in Karnataka for an early-stage funding program (Subsistence grant/Stipend for innovators) that nurtures ideas and innovations to promote innovative endeavors, startups initiated by students or entrepreneurs.
The Rajiv Gandhi Entrepreneurship Program (RGEP) is a pivotal initiative designed to cultivate innovation and foster entrepreneurship among young and talented graduates, constituting a shift from traditional job seeking to entrepreneurship by offering them viable career options and to stimulate job creation and technological advancements, thereby promoting an innovation-driven economic growth within Karnataka.
RGEP aims at supporting innovators through a monthly stipend/subsistence grant for a period of 12 months, helping them survive the uncertainties during the phase of ideation. It typically concludes with a prototype/Minimum Viable Product (MVP)/Proof of Concept that has business potential. Innovators in the RGEP will be required to attach with designated Innovation Hubs, such as K-Tech partners and the progress of the innovator during the period of program (12 months) would be monitored by them, ensuring that all innovators are closely monitored through their entrepreneurial journey.
Funding Information
- Monthly stipend/subsistence grant of Rs.25,000 for a period of 12 months.
Eligibility Criteria
- The innovator/applicant should:
- be a citizen of India (domicile of Karnataka)
- have completed 3 or 4 years of degree (science/engineering), preference would be given to 2 years full time work experience post degree
- should not be working as an employee with any company for remuneration (contract/outsourced/permanent)
- should not have invested/hold any stake in any other Startup
- must be 30 years or younger as on the date of application
- must be solely dedicated to pursuing the proposed business idea for the program duration of 12 months after selection.
- Proof of Citizenship and domicile:
- Aadhaar card/Passport/Voter ID for proof of Indian citizenship.
- Certificate of Domicile/Ration card/Voter ID for proof of Domicile.
- Educational qualification:
- Degree certificate (Science/Engineering) indicating the completion of 3 or 4 years of study.
- Startup involvement declaration:
- Self-declaration affidavit confirming that the applicant has not invested in or holds any stake in any other startup.
For more information, visit Department of Electronics, Information Technology and Biotechnology.
