ACE Foundation Incubation Program (IIT Indore) is a support programme from IITI Advanced Centre for Entrepreneurship (ACE) Foundation, IIT Indore for early-stage tech startups (including IIT Indore students/staff/faculty and external founders) with an innovative product/prototype. It provides Incubation at IIT Indore with mentoring and help applying for seed funds. The incubator takes a small equity stake, for deep-tech, hardware/electronics, mobility (EVs), healthtech, sustainability/cleantech, and general innovation-driven startups (based on incubated portfolio). Applications are open on a rolling basis. Last verified against the official page on 2 November 2026.
Key facts
| Amount / benefit | Incubation at IIT Indore with mentoring and help applying for seed funds. The incubator takes a small equity stake |
|---|---|
| Provider | IITI Advanced Centre for Entrepreneurship (ACE) Foundation, IIT Indore |
| Where | Pan-India |
| Stage | Idea, Proof Of Concept, Prototype |
| Sector | Deep-tech, hardware/electronics, mobility (EVs), healthtech, sustainability/cleantech, and general innovation-driven startups (based on incubated portfolio) |
| Deadline | Rolling intake, no fixed deadline |
What is ACE Foundation Incubation Program?
ACE Foundation Incubation Program (own equity-free seed funding & incubation) — Equity-free seed funding up to Rs 50 lakh (from ACE Foundation's own investment pool, currently INR 1.92 Cr deployed across incubated startups), plus zero-cost co-working space, mentoring, labs and business development support — Early-stage tech startups (including IIT Indore students/staff/faculty and external founders) with an innovative product/prototype; apply via incubation application form and pitch to ACE Foundation's internal committee . It is run by IITI Advanced Centre for Entrepreneurship (ACE) Foundation, IIT Indore.
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in deep-tech, hardware/electronics, mobility (evs), healthtech, sustainability/cleantech, and general innovation-driven startups (based on incubated portfolio). Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for ACE Foundation Incubation Program?
Early-stage tech startups (including IIT Indore students/staff/faculty and external founders) with an innovative product/prototype; apply via incubation application form and pitch to ACE Foundation's internal committee
What does ACE Foundation Incubation Program give?
Incubation at IIT Indore with mentoring and help applying for seed funds. The incubator takes a small equity stake. It does not give money.
Related programmes
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Source and verification
No official page is linked for this programme yet. Last verified 2 November 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.