STPI Kalpataru CoE: SAMRIDH Program (2nd Cohort) – India

Software Technology Parks of India Kalpataru CoE has been selected as an Enabling Partner for the implementation of the 2nd cohort of Startup Accelerators of MeitY for Product Innovation, Development and Growth (SAMRIDH) Scheme supported by MeitY Startup Hub (MSH), MeitY, GoI.

STPI Kalpataru CoE, as an Accelerator, will conduct a 6-month acceleration program that focuses on accelerating startups by providing customer connections, investor connections, and networking opportunities.

Objective

• The program will focus on accelerating the startups by providing industry expert connect, investor connect and product showcase opportunities.

Funding Information

• Matching funding contribution of up to INR 40 lakhs will be offered to the selected potential startups.

Eligibility Criteria

• To be eligible to apply for SAMRIDH 2nd Cohort, startups must meet the following criteria:
  • The startup should be a Private Limited Company.
  • Startups registered with DPIIT under the Startup India program are encouraged to participate.
  • The challenge is open to startups working in emerging sectors using Industry 4.0 technologies.
  • The startup should be in the scaling stage, growth stage, or planning expansion into new geographical locations or product diversification.
  • The startup should have generated a revenue of at least Rs. 5.00 Lakhs with a minimum 1-year audited balance sheet and filed ITR.
  • The startup should have raised a minimum of Rs. 10.00 Lakhs from external investors. (not applicable in case of bootstrapped startups
  • Startups with the following criteria will be preferred:
    • Startups Demonstrating traction, preferably between the Seed and Early-Growth stages.
    • Startups with ready investors or VCs for funding.
    • Building a scalable product or service with a significant total addressable market and defensible growth model.

For more information, visit STPI.