Sahyadri College empanelled as G3 Enabling Partner under MeitY’s GENESIS Scheme

Sahyadri College empanelled as G3 Enabling Partner under MeitY’s GENESIS Scheme

Mangalore Today News Network

Mangaluru, Oct 14, 2025: Sahyadri College of Engineering & Management, through its innovation arm SHINE Foundation, has achieved a significant milestone by being empanelled as a G3 Category Enabling Partner (EP) under the GENESIS Scheme, a national initiative of the Ministry of Electronics & Information Technology (MeitY), Government of India, implemented through the MeitY Start-up Hub (MSH).

Under this initiative, SHINE Foundation will implement 3 major components during Oct. – Nov. 2025: 
1) The Entrepreneur-in-Residence (EiR) Program
2) Matching Investment Component and 
3) Pilot Funding Component 

1. Entrepreneur-in-Residence (EiR) Program – Cohort 2

The EiR program is designed to empower early-stage innovators, students, and founders from Tier-II and Tier-III cities to transform their ideas into working Prototypes or Proofs of Concept (PoC).

Eligibility:
* Indian citizens only
* UG/PG students or founders/co-founders of DPIIT-registered start-ups ≤ 2 years old
* Must belong to or operate from a Tier-II or Tier-III city
* Innovation in Deeptech, Electronics Design, or ICT domains using * AI/ML, IoT, Blockchain, Cybersecurity, VLSI, Quantum, AR/VR, etc.
* Must be physically incubated at Sahyadri/SHINE
* Not previously supported under GENESIS EiR

Funding Support: ₹10 Lakh per EiR 
* 50% at onboarding, 50% post-prototype milestone
* Duration: 12 months (Grant-based)

2. Matching Investment Component

This equity-based funding mechanism aims to help growth-stage start-ups accelerate their business by providing 1:1 matching investment alongside private investors. 

Eligibility:
* DPIIT-registered Private Limited Company with ≥ 51% Indian ownership
* Registered and headquartered in a Tier-II or Tier-III city
* Working on a tech-based product or software (AI/ML, IoT, Cybersecurity, Fintech, Edtech, Healthtech, etc.)
* Must have a market-ready or revenue-generating product
* Must have a confirmed private investor (non-government source)
* Should not have received support under TIDE 2.0 (Scale-up) or SAMRIDH schemes

Funding Support:
* Up to ₹ 50 Lakh (1:1 matching with investor funding)
* Instrument: Equity (up to 5%) held by EP on behalf of MSH

3. Pilot Funding Component

The Pilot Funding Component is designed to help start-ups validate and deploy their products in real-world environments through collaborations with corporates, PSUs, or large enterprises.

Eligibility:
* DPIIT-registered start up from Tier-II/III city
* Must have a working prototype or MVP
* Must possess a valid Purchase Order (PO) or Work Order (WO) from:
     * Government of India / State Government Departments / PSUs, or
     * Fortune 500 Companies / Recognized Unicorns
*Corporate partner should have:
     * Minimum turnover of ₹ 75 Cr. in the last audited year
     * At least 5 years of operations

Funding Support:
Up to ₹ 40 Lakh per start-up (Grant + up to 3% equity on behalf of MSH)

Last date to apply - 25th October, 2025.
Link to apply: https://lnkd.in/ev7DxzCN