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Genesis EIR (Entrepreneur-in-Residence) Program

Last date to Apply : 02 March 2025

About the Program

The Genesis EIR (Entrepreneur-in-Residence) Program by IIM Udaipur Incubation Centre (IIMUIC) is a strategic initiative under the GENESIS scheme, designed to support early-stage startups in cuttingedge domains such as IOT, Artificial Intelligence (AI), Blockchain, and Deep Tech. The program provides aspiring entrepreneurs with financial assistance, mentorship, and a structured ecosystem to transform their innovative ideas into scalable businesses.

Focus Area

Electronics and IT

Big Data

IoT

Artificial Intelligence

Robotics

Health Tech

AI in Agriculture

Ed Tech

BlockChain

AR / VR

Eligibility Criteria

Applicant should be citizen of India.
Early-stage startups
The entity must not be older than 1 year at the time of application
The applicant must not have received significant external funding (exceeding ₹10 lacs, including government funding)
The startup idea must be original and not involve duplication of existing
products/services or any form of plagiarism

Program Offerings

Support

Funding support upto Rs. 10 lacs

Grants & Equity

Capital for building an MVP or pilot validation (in the form of grants and equity)

Mentorship

1:1 Mentoring and coaching curated to the startups’ goals and stages

Collaborators

Access to a network of like-minded collaborators and partners

Investors

Connect with investors for follow-on funding.

Access Resources

Access to IIM Udaipur Incubation Centre’s co-working space and resources.

Selection Process

Step 1 :

After the receipt of proposals, IIMUIC will check the eligibility of each applicant

Step 2 :

Applicants who are eligible will then be scrutinised by the screening committee based on certain qualifying criteria to present before the expert committee. Screening will be subject to the parameters other than the eligibility, such as innovation, potential for commercialization and venture creation, team capability and commitment, etc

Step 3 :

Only shortlisted participants will be notified about the final presentation to the expert committee

Step 4 :

The decision of the expert committee for approval and funding support will be final, firm and binding. IIMUIC will not provide any clarification/ explanation with regards to the applications that are not selected

Step 5 :

The final decision of the expert committee will be communicated only to the approved applicants via email.

Step 6 :

The approved applicant then register for the pre-incubation or incubation program at IIM Udaipur Incubation Centre for the entire duration of GENESIS-EIR support.