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
Funding Support
Funding support upto Rs. 10 lacs
Capital Readiness
Developing an MVP & Validating with a Pilot
Mentorship
1:1 Mentoring and coaching curated to the startups’ goals and stages
Investors
Connect with investors for follow-on funding.
Access Resources
Access to IIM Udaipur Incubation Centre’s co-working space and resources.
Collaborators
Access to a network of like-minded collaborators and partners
Selection Process
Step One
After the receipt of proposals, IIMUIC will check the eligibility of each applicant
Step Two
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 Three
Only shortlisted participants will be notified about the final presentation to the expert committee.
Step Four
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 Five
The final decision of the expert committee will be communicated only to the approved applicants via email.
Step Six
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.