Gen-Next Support for Innovative Startups (GENESIS) Entrepreneur-in-Residence is a program funded by the Ministry of Electronics & Information Technology (MeitY) that promotes the startup ecosystem in Tier-II & Tier-III cities in the country. GENESIS EiR Scheme supports startups, students, and entrepreneurs engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc.
Any graduate researcher innovator or startup with Indian citizens.
Senior research fellows/scholars having finished/finishing in <6 months PhD/Post-Doc.
Final semester students /recently graduated alumni of UG & PG in any discipline.
Independent innovators, scientists, and prospective entrepreneurs (BBA/MBA etc. Graduates) from across science, engineering, management, and technology schools/departments
The startup should be in the ideation, validation, or very early stages.
GENESIS EiR applications seek proposals once a year.
Following documents must be submitted once the applicant/proposed startup is selected:
Certificate of Incorporation
Memorandum of Association
Articles of Association
MGT 7
AOC 4
Audit Report
Audited Financial Statements: A signed copy of the Financial Statement
KYC of Directors
Includes all the directors: 1. PAN Card 2. Aadhar Card
Board Resolution for Agreement
A signed copy of Board Resolution
GST Number
TAN Number
Bank details: Copy of bank statement/canceled cheque of new bank A/c.
Photograph of the Proposer
The incubation can be virtual or physical depending upon the nature and other logistical aspects of the startup. It is mandatory for the startup to be incubated at SIIC, IIT Kanpur.