We consider the DIPP definition of a start-up for this program. ("The DIPP amended the definition,as per which an entity will be considered a 'start-up'up to a period of 10 years from the date of incorporation/registration and if its turnover for any of the financial Years since incorporation/registration does not exceed Rs 100 crore"),
Yes, it is only for agriculture and allied sector start- ups,
No. As per the DIPP definition, partnerships, LLP.& Pvt Ltd. Company are eligible for seed stage,However, a pre-seed/idea stage entrepreneur may apply and Undergo training and later apply for registration in order to receive funding.
No, there is no such prescribed criterion.Programme is open for all Entrepreneurial applicants irrespective of their qualification.
There is no maximum age limit however the applicant should not be a minor.
Founder or anyone from his/her core team is permissible to attend the training. However, it is suggestive for the founder to attend the training programme.
After the completion of two months training programme, R-ABI will forward the proposal of selected start-ups to the ministry for funding.(For more information visit to w.Wyv.cirQotrabi*Egm On these What We Do+ Incubation Programmes Pre-Seed/ Seed Stage Funding Programs).
Venue for training (Online/Offline mode) will be ICAR-CIRCOT, Mumbai.
Applicants from any apply but his/her agriculture and allied academic background can project should be under sector.
Start-ups showing some growth two months and meeting the selection by RIC of R-ABI will bein a period parameters selected.
Yes, attending two months training is compulsory.
Under Agripreneurship Orientation Programme, selected applicants will receive 90o/o of theproject cost in financial aid (maximum ?5 lakhs),while under Start-up Agri-Business Incubation Programme selected applicants will receive B5o/oof the project cost in financial aid (maximum ?25lakhs).
For seed stage, fund will be disbursed to recommended start-ups in three tranches of 40o/o, 40o/o & 20% and for pre-seed stage, fund will be disbursed in two tranches of 600/o and 40o/o of sanctioned amount from Ministry.
No. You cannot avail the grant-in-aid if you have received the grant-in-aid from any government body. However, if you have received prize money such as 'Elevate' grant, then you may apply.
Yes, provided the pre-seed incubate achieves all the milestones and exhausts the previously released pre-seed grant money.