FundingSupport amount varies
Equity-free MVP / Prototype Fintech DPIIT
ClosesJun 18, 2026
Closed Grant Equity-free
GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 , InFED IIM Nagpur
Up to Rs. 10L for first-generation deeptech founders at ideation or prototype stage.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
- Early or pre-stage founders under 2 years old seeking an entrepreneur-in-residence program.
About this scheme
The GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 is an early-stage startup support initiative implemented by InFED at IIM Nagpur with backing from MeitY Startup Hub and the Ministry of Electronics and Information Technology (MeitY), Government of India. The program is part of the broader GENESIS initiative that aims to strengthen India's deep-tech startup ecosystem by providing structured support to innovators working on emerging technology solutions.
The program is designed to empower first-generation founders and technology innovators who are building startups in advanced electronics, information technology, and deep-tech domains. It focuses particularly on innovators working in early innovation phases such as ideation, concept validation, proof of concept, and prototype development. Through financial assistance and incubation support, the initiative seeks to help founders transition their technology ideas into scalable startup ventures capable of contributing to India's strategic technology ecosystem.
Selected participants under the EiR program can receive financial support of up to Rs. 10 lakh to support the development of their startup idea or prototype. This funding is intended to help founders focus full-time on product development, technology validation, and early experimentation without the immediate pressure of external capital. In addition to financial assistance, the program provides structured incubation support through InFED at IIM Nagpur.
Participants gain access to mentorship from experienced entrepreneurs, domain experts, and industry professionals. The program also provides co-working space, technical guidance, and exposure to startup ecosystem stakeholders including investors, corporates, and innovation partners. The mentorship and ecosystem access aim to accelerate product-market readiness and build strong technical foundations for deep-tech startups.
Who can apply
- Applicant must be an Indian citizen
- Open to first-generation entrepreneurs or startup founders
- Applicant may be a full-time undergraduate or postgraduate student pursuing entrepreneurial activity OR a founder/co-founder of a startup
- If applying as a startup founder, the startup must be DPIIT-registered and not older than 2 years
- Applicants must belong to a Tier II or Tier III city
- Startup must be at one of the following stages: Ideation, Concept Development, Validation, Problem-Solution Fit, Proof of Concept, or Prototype
- Innovation must fall under electronics, IT, or deep-tech domains
- Relevant technology areas include AI/ML, IoT, VLSI/Semiconductor, Cybersecurity, Blockchain, Quantum Computing, AR/VR, and immersive technologies
- Startups must not have received more than Rs. 10 lakh in external or government funding
- Physical incubation at InFED, IIM Nagpur is mandatory for selected participants
- Support under the GENESIS Entrepreneur-in-Residence program can be availed only once
Official application
Ready to apply? Get the official link
Applications are submitted directly with InFED, IIM Nagpur, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with InFED, IIM Nagpur. Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
How much funding does GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 , InFED IIM Nagpur provide?
GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 , InFED IIM Nagpur provides up to Rs. 10 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 , InFED IIM Nagpur currently accepting applications?
Closed on Mar 15, 2026. Always confirm the current window with the program authority before preparing your application.
Does GENESIS Entrepreneur-in-Residence (EiR) Program Cohort 2 , InFED IIM Nagpur take equity?
No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.
Important disclaimer
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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