Grant Programmes
Surge Accelerator — programme grants, batch startup grants, open calls, and post-award compliance
Programme Grants
₹1.2 Cr
1 awarded · 1 under review
Batch Startup Grants
₹45 L
3 grants across Batch 4
Open Calls
4
matching accelerator profile
Active Obligations
3
post-award reporting due
Surge Accelerator — Institutional Applications
| Programme | Sponsor | Reference | Applied For | Awarded | Submitted | Status | Actions |
|---|---|---|---|---|---|---|---|
| SEBI AIF Accelerator Support Scheme | SEBI / MoF | SEBI/AIF/ACC/2023/018 |
₹1.0 Cr | ₹1.2 Cr | Apr 12, 2023 | Awarded | |
| DST Technology Accelerator Grant | DST / MoST | DST/TAG/2024/ACC-091 |
₹50.0 L | — | Oct 8, 2024 | Under Review |
SEBI AIF — Application Stages
AwardedAIF Registration Verification
Completed
Mar 2023
Application & Document Submission
Completed
Apr 12, 2023
SEBI Desk Review
Completed
May 2023
On-Site Assessment
Completed
Jun 2023
Approval Committee
Completed
Jul 2023
Grant Agreement Signed
Completed
Aug 1, 2023
Annual Review FY25
In progress
Due Jun 30, 2025
DST TAG — Requirements
Under Review
✓
AIF Category I / II Registration
Completed
✓
Accelerator Programme Track Record
Completed
✓
Portfolio Impact Report (FY23-24)
Completed
✓
Proposed Budget Breakdown
Completed
⋯
Equity Deployment Plan
In Progress
○
Letters of Support (3 LPs)
Pending
○
Technology Focus Addendum
Pending
Action required: Upload Equity Deployment Plan and LP support letters before Apr 30, 2025 to avoid evaluation delay.
Batch 4 — Portfolio Startup Grants
| Startup | Sector | Grant Programme | Sponsor | Amount | Status | Utilisation | Actions |
|---|---|---|---|---|---|---|---|
| PaySwift | FinTech | DST-NIDHI Prayas Grant | DST | ₹25.0 L | Awarded |
100%
Prototype milestone achieved
|
|
| NexGen Robotics | DeepTech | BIRAC BIG Grant | BIRAC | ₹50.0 L | Submitted |
0%
Under evaluation
|
|
| GreenGrid | CleanTech | MNRE Green Innovation Fund | MNRE | ₹20.0 L | Under Review |
0%
Awaiting sector committee
|
|
| FinPath | FinTech | MEITY Startup India Seed Fund | MeitY | ₹20.0 L | Drafting |
0%
Application in progress
|
|
| UrbanAI | SaaS | — | — | — | — | No active application | |
| MediCore | HealthTech | — | — | — | — | No active application |
Portfolio Grant Summary — All Batches
Batch 1
₹42 L
6 startups
Batch 2
₹68 L
7 startups
Batch 3
₹95 L
6 startups
Batch 4
₹45 L
In progress
Open Grant Calls — Relevant to Accelerators
| Programme | Sponsor | Support Type | Max Grant | Closes | Status | Match | Actions |
|---|---|---|---|---|---|---|---|
|
SEBI AIF Accelerator Support Scheme
Registered AIF Category I/II accelerators with active programme
|
SEBI / MoF | Grant | ₹1.0 Cr | Rolling | Open | Match | |
|
DST Technology Accelerator Grant
Technology-focused accelerators with SEBI AIF registration
|
DST | Grant | ₹50.0 L | Jun 30, 2025 | Open | Match | |
|
Startup India Accelerator Scheme
DPIIT-recognised programmes, ≥ 3 batches completed
|
DPIIT | Matching grant | ₹30.0 L | May 15, 2025 | Open | Match | |
|
MeitY TIDE 2.0 Accelerator
ICT / digital sector focus. Multi-sector accelerators may apply.
|
MeitY | Grant | ₹25.0 L | Apr 30, 2025 | Open | Partial | |
|
BIRAC Accelerator Support
Life sciences / biotech portfolio required. Partial sector fit.
|
BIRAC/DBT | Grant | ₹50.0 L | Aug 31, 2025 | Upcoming | Partial | |
|
NITI Aayog Atal Accelerator Programme
New programme applications — verify eligibility criteria.
|
NITI Aayog | Grant | ₹20.0 L | Rolling | Open | Needs Review |
Post-Award Obligations — All Applications
| Application | Obligation | Type | Due Date | Status | Actions |
|---|---|---|---|---|---|
| SEBI AIF Support (Surge) | Annual Utilisation Report FY25 | Reporting | Jun 30, 2025 | In Progress | |
| SEBI AIF Support (Surge) | Portfolio Equity Deployment Evidence | Milestone | Apr 30, 2025 | In Progress | |
| SEBI AIF Support (Surge) | Branding Compliance — SEBI logo on docs | Branding | Ongoing | Completed | |
| DST Prayas (PaySwift) | Q1 Utilisation Report | Reporting | Apr 30, 2025 | Pending | |
| BIRAC BIG (NexGen Robotics) | Pending — application under review | Reporting | — | N/A |
SEBI AIF Support — Utilisation Detail
SEBI AIF Accelerator Support
Awarded ₹1.2 Cr · Aug 1, 2023
71%
utilised
₹85.2 L utilised of ₹1.2 Cr
₹34.8 L remaining
Expenditure Breakdown
Programme management & staff
₹68.0 L
Mentor & expert fees
₹24.0 L
Demo Day operations & venue
₹8.0 L
Startup support (office/cloud)
₹5.2 L
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