What is the Idea2PoC Grant-in-Aid Scheme?
The Idea2PoC grant-in-aid scheme is an innovative initiative established by the Government of Karnataka. Designed to support startups, this program facilitates funding and mentoring resources to validate proof of concept and help them scale their solutions effectively. Entrepreneurs can access a one-time grant of up to INR 50 lakhs to propel their startup journey forward.
Eligibility Criteria for Startups
To qualify for the Elevate 2025 program under the Idea2PoC scheme, startups must be incorporated as a private limited company or registered as a partnership firm in Karnataka. Additionally, their turnover must not exceed INR 100 crores since incorporation. Startups are classified within ten years of their incorporation date and should focus on innovation that can create employment and wealth.
Support and Assistance for Startups
Recognized startups will receive invaluable mentoring and incubation support at government-supported incubation centers. This assistance aims to aid in product development and validation, ensuring that innovative ideas progress towards successful market entry. The Government of Karnataka emphasizes fostering an environment where every entrepreneur has the opportunity to thrive, ensuring a vibrant startup culture in the state.
The application deadline for the Elevate 2025 program is September 15, 2025. For detailed information, visit the official website: Elevate 2025.