Idea Stage
Idea/Proof of Concept Stage
About
A Seed Grant up to Rs 3 Lakhs shall be provided for proof of concept, prototypе development, product trials and market entry to business Entity/Firm, which could also be individual Enterprise/Entity with innovative and scalable business ideas.
Seed funding to Startups would be released through the recommendation of State/Centre recognized Incubators after the incubator has provided handholding, mentoring, etc for at least three months.
Individual Enterprises shall be recognised as Startup under the policy after completion of incubation and seed grant has been utilised satisfactorily and are registered as a 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) in India.
Incubators will provide support to the Startups by providing mentoring services, access to their labs, facilities etc. besides ensuring that the financial assistance disbursed through them is well spent.
The State Government will take steps for selected startups to get free access to University/Libraries/Government Laboratories/ Centre of Excellence/ PSU etc.
State will create as well as facilitate creation of a corpus fund for support and funding of startups.
The cost of filing and prosecution of patent application will be reimbursed to the incubated start-up companies as per relevant Policy of Government of Manipur.
Eligibility for Idea Stage
- Should be a domicile of Manipur.
- Should have an innovative and scaleable business idea.
- Should be older than 18 Years.
- Has not received more than Rs. 10 lakh of monetary support from Central Schemes or State Schemes. (Declaration Needed)
Benefits
- Incubation and Mentorship program upto three months.
- A sum of Rs. 3.00 lakhs is provided as grant in two instalment of Rs.1.5 Lakh each by State Government.
The fields that are Required for applying are given below:
Registration Requirements
- AADHAAR number and AADHAAR linked mobile for OTP verification
- Working Mobile Phone for communication with SMS facility.
- Working Email Id address.
- Both the mobile phone number and email id will be verified using OTP.
Documents required to be uploaded for Idea stage
- Copy of PAN card.
- Copy of Business Registration (if available).
Compulsory fields for Primary contact details
- Name
- Address
- District
- Constituency
- PIN Code
- Date of Birth
- Gender
- Category (General, Woman, Student)
- Working Full Time or Not?
- PAN Number and Copy of PAN Card
Compulsory fields for Business details
- Business Name
- Business Address
- What is the Product or Service?
- Direct Customers (B2B, B2C, B2G)
- Target Customers
- List Direct Competitors
- Registration Number (If it is already registered)
- Registration Date (If it is already registered) Validation: The Registration date should not older than 2 years
- Copy of Registration Number (If it is already registered)
Industry Type
- Accommodation & Food Services
- Accounts
- Administrative & Support
- Agriculture and Allied Activities
- Arts, Entertainment and Recreation
- Automotive
- Basic Materials
- Construction
- Education Services
- Energy
- Finance & Insurance
- Food & Beverages
- Healthcare and Social Assistance
- Industrial
- IT
- Management of Companies and Enterprises
- Military
- Personal household products and services
- Professional, scientific and Technical Services
- Public Administration
- Real State Rental and leasing
- Retailers
- Technology
- Telecom
- Transport and Warehousing
- Travel and Tourism
- Utilities
- Waste Management and Remediation Services
- Wholesale
- Others
- What problem are you trying to solve?
- Have you received any Innovation reward?
Compulsory fields for Business Proposal
- Proposed business Idea or Product or Services
- How is your solution different from others?
- Type of Technology used(Self Developed, Acquired)
- How does the business Generate Revenue?