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ELEVATE/Idea2PoC 2021
A Government of Karnataka initiative intended to bolster the voyage of Startups with a cushion of funding
Startup Policy
Operational Guidelines
Challenge and Selection Process
ELEVATE was intended to identify top innovative startups in Karnataka, who would be given Government support to scale up their product or solution so that they can elevate to the next level.
Selection process is done with the help of NASSCOM (10,000 Startups), TiE-Bangalore (The Indus Entrepreneurs), Deshpande Foundation, IESA (India Electronics and Semiconductor Association), ABLE (Association of Biotech Led Enterprises), ABAI (Association of Bangalore Animation Industry), Mobile10X etc.
Pitch an innovative startup idea, top pitches will be selected for Government aided support to scale up their product or solution to the next level.
Challenge Details
START DATE
Sep 1, 2021 - 09:00am
END DATE
Sep 18, 2021 - 5:00pm
LOCATION
Bengaluru, Karnataka
ORGANISER
Startup Karnataka, GoK
EMAIL US
elevate-ktech@ka.gov.in
CONTACT US
+91 - 080 22231007
To apply for Elevate - General Terms & Conditions
To Apply for ELEVATE/Idea2Poc Scheme, it is mandatory to sign-up and login to
Startup Karnataka Portal www.missionstartupkarnataka.org
- Registration with shops and establishments cannot be accepted as a certificate of incorporation/ registration to apply for the call
- MSME, Udyog Adhaar, GST, Trade Union, KMF, VAT certificates, etc. shall not be considered as certificates of incorporation as per the Karnataka Startup Policy Government Order
- The startup cannot be a subsidiary/ franchise/ white labeled reseller/ part of a group company
- The startup cannot have a partnership value with another company/ entity
- It cannot be a section 8 company or Trust/ Association/Society or a non-profit company
- It cannot be a Merger/ Demerger of a bigger organization
- It cannot be a part of any Govt. initiative/ aided partner or public-private partnership company/firm
- 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.!
- Only one application per Startup/Entity will be accepted. In the case of multiple applications from one Startup, only the first application will be considered.
- The Department has come up with Elevate-Unnati 2021 which has separate funds earmarked under SCSP/TSP Funds.
- Please go through the ELIGIBILITY CRITERIA for the call carefully before applying.
- 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.
ELEVATE 2021 :
Eligibility Criteria
1. Should be an entity (Pvt. Ltd/ OPC Pvt Ltd/ 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 18th September 2021
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.
ELEVATE UNNATI 2021 :
(A unique call Open for Startups by SC/ST Entrepreneurs)
Eligibility Criteria:-
1. Should be an entity (Pvt. 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 18th September 2021.
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.
5. At least one of the Director(s)/ Partner(s) should belong to the SC/ ST community and should hold a minimum of 70% SHARE in the company/ firm.
6. Such SC/ ST Director(s)/ Partner(s) should possess a valid digital caste certificate issued by the Revenue Department, Govt. of Karnataka with a valid RD NUMBER.!
7. Such SC/ST Director(s)/ Partner(s) should continue to be a part of the business for at least one year from the date of receiving benefits from the Department
8. Terms and conditions of ownership should NOT be altered to his/her disadvantage during the course of the project
Mandatory Documents
(Please ensure that the following documents are ready as per the format and file size mentioned)
1.Incorporation/ Registration Certificate (In PDF Format. file size to be less than 1 MB)
2. Upload all the stakeholder’s Caste Certificates Issued by Government (In PDF Format. file size to be less than 1 MB)
3. Company MoA/ Partnership Deed (In PDF Format.Each file size should to be less than 1 MB)
4.Pitch Deck (In PPT/PDF Format. file size to be less than 5 MB )
Multicity Pitch
Our previous ELEVATEs
Tourism Challenge
Launched in September 2016
Idea2PoC Call 1 & 2
Launched in June 2016
Elevate 100
Launched in August 2017
Elevate Call 2
Launched in December 2017
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