GENESIS Scheme India: Support for Tier-II and Tier-III Startups

The GENESIS scheme, an acronym for Gen-Next Support for Innovative Startups, is a flagship initiative by the Ministry of Electronics and Information Technology (MeitY). As the Indian startup ecosystem matures, the government is shifting focus beyond major metros like Bangalore and Mumbai to unlock potential in smaller cities. The GENESIS scheme is specifically designed to identify, nurture, and scale tech-focused startups in Tier-II and Tier-III cities across India. By providing much-needed infrastructure, funding, and mentorship, the scheme aims to build a robust local entrepreneurship culture and create sustainable jobs in emerging regional hubs. Startup founders in these regions can now leverage this platform to bridge the gap between a Minimum Viable Product (MVP) and a market-ready solution, ensuring that geographical location is no longer a barrier to technological innovation in the digital economy.

What is this scheme?

GENESIS (Gen-Next Support for Innovative Startups) is a centralized support program launched under the MeitY Startup Hub. It functions as an umbrella scheme to support over 10,000 startups over the next five years. The initiative focuses on deep-tech fields including AI, IoT, Blockchain, and Cybersecurity. Unlike traditional grants, GENESIS provides a comprehensive ecosystem consisting of dedicated software technology parks, access to domain-specific Centres of Excellence (CoEs), and a network of specialized mentors. The scheme aims to decentralize the IT sector in India by incentivizing entrepreneurs to build their headquarters in smaller towns. It provides a formal pathway for early-stage companies to receive financial assistance for product development, testing, and initial market entry, effectively reducing the high mortality rate of startups in their first three years of operation.

Who is eligible?

• Startup must be recognized by DPIIT (Department for Promotion of Industry and Internal Trade).
• Company must be established in a Tier-II or Tier-III city in India.
• The startup must be working on a technology-driven product or service.
• At least 51% shareholding should be held by Indian citizens.
• Early-stage startups with a functional prototype or MVP are preferred.

How much money?

Initial grants and seed funding typically ranging from ₹5 Lakhs to ₹25 Lakhs depending on the specific program tier.

Documents needed

1. DPIIT Recognition Certificate
2. Company Incorporation Certificate
3. Pitch Deck explaining the product and market fit
4. Proof of business address (Tier-II/III city verification)
5. PAN and GST details of the entity
6. Founder's KYC and educational qualifications

How to apply (step by step)

1. Visit the official MeitY Startup Hub or Startup India portal.
2. Register your startup and obtain DPIIT recognition if not already done.
3. Navigate to the 'GENESIS' application section under Central Government Schemes.
4. Upload the required pitch deck and business model documents.
5. Submit the application for screening by the technical evaluation committee.
6. Attend the pitch session or interview if shortlisted.
7. Receive approval and sign the incubation/grant agreement.

Important dates

Conclusion

The GENESIS scheme represents a pivotal shift in India's digital strategy, recognizing that the next big innovation could come from a small town. For founders in Tier-II and Tier-III cities, this ministry-backed support provides the credibility and capital needed to scale globally. By participating in GENESIS, you gain access to a network that was previously exclusive to metro-based unicorns. To stay updated on application deadlines and other tech-focused government grants, make sure to sign up on YojanaRadar today and never miss an opportunity to fuel your startup's growth.