About this programme
IIMCIP provides seed funding support through the INVENT incubation programme, offering up to INR 25 lakh in seed capital to early-stage startups. The programme targets startups with working prototypes or proof of concepts that can achieve funding sustainability within 18-24 months. IIMCIP assists startups through intensive mentorship, investor connections, and capital support during the critical early growth phase. It is run by IIM Calcutta Innovation Park (IIMCIP).
A grant is financial support you don’t repay — awarded against eligibility and, usually, agreed milestones or utilisation of funds. 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 healthcare, education, clean energy, analytics. 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.
How it works
Startups enter the INVENT incubation programme with a working prototype or PoC. IIMCIP provides intensive mentorship, capacity-building workshops, seed capital, and investor introductions over a 24-month period with quarterly reviews. The programme structure is designed to enable startups to reach funding sustainability or successful exit within 18-24 months.
Who can apply
Early-stage startups with innovative ideas, working prototypes, or proof of concept capable of becoming fundable or self-sustaining within 18-24 months. Must register a for-profit company and sign an incubation agreement. Standard incubation period is 24 months with quarterly review by investment/monitoring committee.
How to apply
- Submit application to IIMCIP for the INVENT programme
- Present prototype or proof of concept to evaluation committee
- Sign incubation agreement with registered for-profit company
- Participate in 24-month incubation with quarterly reviews and receive seed funding
Documents you’ll typically need
- For-profit company registration documentation
- Incubation agreement signed by founders
The exact checklist depends on the programme and your specifics.
Frequently asked
What is the maximum seed funding I can receive from INVENT?
IIMCIP provides seed funding support up to INR 25 lakh for eligible startups.
What stage should my startup be at?
The programme requires a working prototype or proof of concept capable of achieving funding sustainability within 18-24 months.
How long is the standard incubation period?
The standard incubation period is 24 months with quarterly reviews by an investment/monitoring committee.
Reviewed July 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.