SAMRIDH Scheme: Powering India's Software Product Start-up Ecosystem

The SAMRIDH (Startup Accelerator of MeitY for Product Innovation, Development, and Growth) scheme is a flagship initiative by the Ministry of Electronics and Information Technology (MeitY). Designed to bridge the gap between early-stage innovation and market-ready scaling, it focuses on nurturing software product start-ups through acceleration programs and capital infusion.

What is this scheme?

Launched to support the vision of a trillion-dollar digital economy, SAMRIDH aims to identify and scale potential Indian software start-ups. The scheme operates by partnering with established business accelerators to provide start-ups with mentorship, customer connect, and investment. It specifically targets start-ups that have a functional prototype and are looking to expand their market footprint.

Who is eligible?

• The startup must be incorporated in India as per DPIIT norms.
• The startup must have a software product at the core of its business.
• The startup should have a functional product (Minimum Viable Product) with some customer traction.
• Start-ups must be ready to undergo an acceleration program of up to 6 months.
• Accelerators must have a proven track record of at least 3 years in supporting start-ups.

How much money?

The scheme provides investment of up to ₹40 Lakhs per startup through accelerators, matched by an equal investment from the accelerator or private investors. Total funding support varies based on the specific acceleration cohort.

Documents needed

1. Start-up Recognition Certificate by DPIIT
2. Certificate of Incorporation
3. Product Demo/Presentation
4. PAN and GST details of the entity
5. Proof of initial customer traction or revenue
6. Founder profile and shareholding pattern

How to apply (step by step)

1. Visit the official MeitY Startup Hub (MSH) portal.
2. Check for open 'Calls for Proposals' for both Accelerators and Start-ups.
3. Register the start-up on the MSH platform with relevant business details.
4. Submit the application form during the active recruitment window for a specific cohort.
5. Undergo a screening process and pitch session with the evaluation committee.
6. If selected, join the designated accelerator for the 6-month growth program and receive funding.

Important dates

Conclusion

The SAMRIDH scheme serves as a catalyst for Indian entrepreneurs to transition from local innovators to global competitors. By combining funding with high-quality mentorship, MeitY ensures that software start-ups have the necessary resources to survive the critical growth phase and contribute to India's digital sovereignty.