India Innovation Growth Programme 2.0

Programme Benefits

UNIVERSITY CHALLENGE

IDEATION PHASE

Up to 30 University teams will be selected to receive mentoring by IIT-Bombay on presenting ideas to a panel and an opportunity to pitch ideas at an IIGP Downselect Event.

Up to 10 selected teams out of the 30 will receive research grants of up to INR 10 Lacs each for developing a concept/prototype, an opportunity to participate in a Design Thinking workshop, mentorship and periodic feedback.

INNOVATION PHASE

Up to 10 teams will participate in a boot camp at IIM Ahmedabad and receive further mentoring by IIGP partners.

Up to 4 teams will be shortlisted to compete with Top 50 OIC teams of the following year to possibly win seed grants of up to INR 25 Lacs each and enable advancement to the next stage.

OPEN INNOVATION CHALLENGE

INNOVATION PHASE

  • Up to 50 innovators will get an opportunity to participate in a rigorous boot camp conducted by IIM, Ahmedabad. Selective innovators may also get an opportunity to connect with industry players at Industrial Immersive Day.
  • Up to 10 innovators will undergo an incubation process. Companies in incubation will receive seed funding of up to INR 25 Lacs each as well as support to enable them to accelerate market penetration and scale-up operations. They will also get an opportunity to participate at an Immersion Workshop, and interact with global experts from the innovation, entrepreneurship and investment ecosystem.
  • Access to network of sponsors, mentoring, hands on support in building the enterprise from people who have done it before, and support for pilots/tests in India.
  • Opportunity to participate at Demo Days organized under the IIGP 2.0 to showcase their technologies to and interact one-on-one with investors.