ELEVATE 2023: Eligibility Criteria

1. Should be an entity (P v t . Ltd/OPC/LLP/Partnership Firms) Registered or Incorporated in Karnataka. (private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008)

2. Total revenue generated in terms of turnover from the date of incorporation should be less than INR 100 Crore

3. Startups should not have crossed 10 years from the DATE of INCORPORATION/ REGISTRATION Certificate as of  31st March 2023.

4. Startups/Entity working towards innovation, development, or improvement of products or processes, or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

To Apply for ELEVATE: General Terms & Conditions

1. Registration with shops and establishment CANNOT be accepted as a certificate of incorporation/ registration to apply for the call.

2. MSME, Udyog Aadhar GST, Trade Union, KMF, VAT certificates, etc. shall NOT be considered as the certificate of incorporation as per the Karnataka Startup Policy Government Order.

3. The Startup CANNOT be a subsidiary/ franchise/white-labeled reseller/ part of a group company.

4. The Startup CANNOT have a partnership value with another company/ entity.

5. The Startup CANNOT be a section 8 company, Trust/ Association/Society, or non-profit company.

6. The Startup CANNOT be a Merger/ Demerger of a bigger organization.

7. The Startup CANNOT be a part of any Govt. initiative/ aided partner or public-private partnership company/firm.

To APPLY for ELEVATE/Idea2PoC Scheme, it is mandatory to sign-up and login to
Startup Karnataka Portal – www.missionstartupkarnataka.org

1. Applications that DO NOT comply with the mentioned ELIGIBILITY CRITERIA/ Supporting Documents will be DISQUALIFIED at any Stage of the Selection/ Funding Process resulting in the cancellation of their Application/ Grant.!
2. Only ONE application per Startup/Entity will be accepted. Only the first application will be considered in case of multiple applications from one Startup.
3. Please go through the ELIGIBILITY CRITERIA for the call carefully before applying.
4. Startups that have been WINNERS of Idea2PoC Grant Scheme/ Grand Challenges/ Unnati” earlier WILL NOT BE ELIGIBLE TO APPLY “…!

NOTE – Please note that NO CHANGES can be made once the online application form is submitted.

Mandatory Documents