Mechanism for Funding

Engineers India Limited is inviting proposals for funding projects in identified Focus Areas, for its Start-up India initiative “EngSUI” under following phases:

1.    Innovation Challenge Funding (IC): Provision of taking equity at later stage on discretion of EIL

2.    Seed Funding (SF): Provision of taking equity at later stage on discretion of EIL

3.    Direct Equity Funding (EF): Equity will be taken straight away

a)    Equity Funding through Host Institution (EF-HI)

b)    Equity Funding other than Host Institution (EF-OHI)

I. Eligibility Criteria

II. Selection Procedure

III. Execution Methodology