GENESIS Scheme (Gen-Next Support for Innovative Startups)
This profile has been independently compiled from official gazette notifications and verified web domains. Source Authority Link: meitystartuphub.in Authority: Ministry of Electronics and Information Technology (MeitY) • State/Region: Central Scheme (All India) • Last Audited: 11 Sep 2026
Quick AI Summary
Central government scheme providing financial assistance up to ₹25 lakh, mentorship, and incubation support to technology startups based in Tier-2 and Tier-3 cities.
Detailed Summary
Objective
The GENESIS (Gen-Next Support for Innovative Startups) scheme aims to democratize the Indian startup ecosystem by extending structured support to entrepreneurs located outside major metropolitan centres. It addresses the infrastructure and capital access gap prevalent in smaller cities.
Key Components
- Financial Grant: One-time grant-in-aid up to ₹25 lakh for Proof of Concept, prototype development, or market entry.
- Incubation Support: Access to co-working space, lab facilities, and technical infrastructure at empaneled partner incubation centres.
- Mentorship & Networking: Structured mentorship from industry experts, investor connect sessions, and market linkage facilitation.
Implementation
The scheme is implemented through the MeitY Startup Hub (MSH) in collaboration with selected academic and private incubation centres across eligible cities. Funding is disbursed in milestone-linked tranches subject to monitoring by the Project Management Unit.
Key Benefits & Financial Assistance
| Comparison Criteria | Benefits |
|---|---|
| Key Benefits |
|
Eligibility Criteria Profile
| Comparison Criteria | Eligibility |
|---|---|
| Minimum Age Limit | 18 Years or above |
| Physical Disability | Not Restricted (Anyone can apply) |
| Domicile State | All India (Central Scheme) |
Application Process Guide
- Register on the MeitY Startup Hub portal (https://meitystartuphub.in) and complete startup profile with DPIIT recognition number.
- Verify eligibility against GENESIS scheme guidelines and select preferred partner incubation centre from the empaneled list.
- Fill the online application form detailing problem statement, technology innovation, business model, team composition, and fund utilization plan.
- Upload mandatory documents: Certificate of Incorporation, DPIIT Recognition Certificate, PAN/GST, Audited Financials/ITR, Pitch Deck, and Address Proof of registered office in Tier-2/3 city.
- Application undergoes screening by MSH, followed by evaluation by the Partner Incubation Centre's Selection Committee (technical and commercial due diligence).
- Shortlisted startups present before the Apex Selection Committee at MeitY Startup Hub for final approval.
- Upon selection, execute Grant Agreement with the Partner Incubation Centre; funds released in 2-3 tranches linked to agreed milestones and quarterly progress reports.
Common FAQs regarding this Yojana
Eligible permanent residents meeting the specified domicile, income, and category criteria can submit an application along with verified credentials.
Key mandatory documents include Aadhaar Card, Residence/Domicile Certificate, Income Certificate, and active Bank Account Passbook.
Benefits are directly credited to the beneficiary's Aadhaar-seeded bank account through the Public Financial Management System (PFMS) / DBT.
Applicants can track status in real-time by logging into the official portal using their Application Reference Number.