FundingUp to Rs. 41.75 lakh
Equity-free MVP / Prototype
ClosesJun 25, 2026
Closed Grant Equity-free
MGUIF Big Idea Competition 2.0 - Idea Grant
Rashtriya Uchchatar Shiksha Abhiyan (RUSA 2.0) has introduced the Idea Grant scheme to provide financial assistance to innovators, entrepreneurs, and startups to help them convert their innovative ideas into full-fledged ventures. This scheme is implemented through MGUIF, the parent organization of Mahatma Gandhi University for startup-related activities and schemes. The Idea Grant is intended to help innovators and startups to develop the prototype or product and scale up into full-fledged
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
About this scheme
Rashtriya Uchchatar Shiksha Abhiyan (RUSA 2.0) has introduced the Idea Grant scheme to provide financial assistance to innovators, entrepreneurs, and startups to help them convert their innovative ideas into full-fledged ventures. This scheme is implemented through MGUIF, the parent organization of Mahatma Gandhi University for startup-related activities and schemes.
The Idea Grant is intended to help innovators and startups to develop the prototype or product and scale up into full-fledged ventures. The total grant amount is up to Rs. 2 lakhs.
The competition focuses on categories including: AI and Internet of Thinking (IoT), Sustainable Technologies, Environmental Science, Healthcare, Food, Nutrition and value addition, Biotechnology, Nano Science, Tourism, and Any other relevant areas.
Key benefits for innovators include:
36-Month Incubation at MGUIF
Patent Registration & Financial Support
Seed Funding & Investor Connect
Expert Mentorship
Who can apply
- For the Idea Grant (Student/Faculty/Any Innovator) at the Ideation, Conceptualization & Designing Stage, Proof of Concept Stage to the Minimum Viable Prototype Development stage.
- For Idea Grant, an innovator should be based in the region of Kerala.
- Open to all Students and Faculty of MGU affiliated Colleges. Those who were associated with MG University two years before also can apply.
- For Idea Grant (General Public, any inventors):
- Innovators at stages of Ideation, Conceptualization & Designing Stage, Proof of Concept Stage can only apply.
- Individual, Partnership, Proprietor, Company, LLP, One Person Company (OPC) can apply.
- For Idea Grant (Student/Faculty Innovator):
- Student Innovators at stages of Ideation, Conceptualization & Designing Stage, Proof of Concept Stage can only apply.
- Company registration is not mandatory during the application phase.
- Any student innovator based in or out of Kerala could apply, but fund disbursement will be through Kerala Startup Mission sanctioned IEDCs.
- Not Eligible:
- No service projects or asset creation will be funded.
Official application
Ready to apply? Get the official link
Applications are submitted directly with MGU Innovation Foundation, 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 MGU Innovation Foundation. 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 MGUIF Big Idea Competition 2.0 - Idea Grant provide?
MGUIF Big Idea Competition 2.0 - Idea Grant provides up to Rs. 2 lakh. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is MGUIF Big Idea Competition 2.0 - Idea Grant currently accepting applications?
Closed on Nov 29, 2025. Always confirm the current window with the program authority before preparing your application.
Does MGUIF Big Idea Competition 2.0 - Idea Grant 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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