Maharashtra Innovation and Technological Development Fund (MITDF) is a grant from IDBI Capital Markets & Securities Limited (Sponsor/Investment Manager), IDBI Trusteeship Services Limited (Trustee) for companies must be incorporated in Maharashtra under the Companies Act 2013, domiciled and operating in Maharashtra, and meet the Startup…. It provides Up to Rs 10 crore or 10% of committed corpus per investment round, whichever is lower, for impact startups/MSMEs across agriculture, healthcare, waste/water management, fintech, cybersecurity, governance, smart infrastructure, education, clean energy and mobility. Applications are open on a rolling basis. Last verified against the official page on 22 September 2026.
Key facts
| Amount / benefit | Up to Rs 10 crore or 10% of committed corpus per investment round, whichever is lower |
|---|---|
| Provider | IDBI Capital Markets & Securities Limited (Sponsor/Investment Manager), IDBI Trusteeship Services Limited (Trustee) |
| Where | Maharashtra |
| Stage | Early Stage |
| Sector | Impact startups/MSMEs across agriculture, healthcare, waste/water management, fintech, cybersecurity, governance, smart infrastructure, education, clean energy and mobility |
| Deadline | Rolling / always open |
| Fund category | SEBI Category I AIF, Venture Capital Fund sub-category (Reg. No. IN/AIF1/22-23/1118, effective 25 Aug 2022) |
| Sponsor & Investment Manager | IDBI Capital Markets & Securities Limited |
| Trustee | IDBI Trusteeship Services Limited |
| Investment cap per round | Rs 10 crore or 10% of committed corpus, whichever is lower |
| Geographic mandate | Funds wholly invested in Maharashtra-incorporated companies |
| Contact | mitdf@idbicapital.com |
What is MITDF?
MITDF is a SEBI-registered Category I AIF (Venture Capital Fund sub-category), effective 25 August 2022 under registration IN/AIF1/22-23/1118. IDBI Capital Markets & Securities Limited is Sponsor and Investment Manager, and IDBI Trusteeship Services Limited is Trustee.
The fund takes privately negotiated equity and equity-linked positions in early-stage, Maharashtra-incorporated startups and MSMEs meeting Startup India criteria, domiciled and operating in the state, with innovation (preferably IP-based) or a highly scalable model backed by proof of concept. Priority sectors: agriculture, healthcare, waste/water management, fintech, cyber security, governance, smart infrastructure, education, skilling, clean energy and mobility; it avoids alcohol/tobacco, gold/diamond trading, real estate, and banned products.
Per-round investment is capped at Rs 10 crore or 10% of committed corpus, whichever is lower, deployed wholly in Maharashtra. Companies apply on the fund's standardized application format, emailed to mitdf@idbicapital.com; it also offers portfolio companies expert/startup collaboration and help raising follow-on rounds.
Who is eligible for MITDF?
Companies must be incorporated in Maharashtra under the Companies Act 2013, domiciled and operating in Maharashtra, and meet the Startup India criteria; the fund looks for innovation (preferably IP-based) or highly scalable business models with proof of concept and a track record, run by a strong management team with sound governance.
You qualify if:
- You qualify if your company is incorporated in Maharashtra under the Companies Act, 2013
- You qualify if your operations and investments are domiciled in Maharashtra
- You qualify if your company meets the Startup India government criteria
- You qualify if you have a robust, preferably IP-based innovation, or a highly scalable business model with proof of concept and a track record
- You qualify if your company has a strong management team with sound governance and ethical practices
You are not eligible if:
- Your business is in alcohol or tobacco
- Your business is in gold and diamond trading
- Your business is real estate
- Your product or service is banned by the government
How much does MITDF give, and in what form?
Up to Rs 10 crore or 10% of committed corpus per investment round, whichever is lower.
How to apply for MITDF
- Fill the fund's standardized application format, available on its official page
- Email the completed application to mitdf@idbicapital.com
Frequently asked questions
Who can apply for MITDF funding?
Companies incorporated in Maharashtra under the Companies Act 2013, domiciled and operating in the state, that meet the Startup India criteria. MITDF looks for a strong management team and a business with an innovative, preferably IP-based, product or service, or a highly scalable model with proof of concept and a track record.
How much can a startup receive from MITDF?
MITDF's per-round investment in a single company is capped at Rs 10 crore or 10% of the fund's committed corpus, whichever is lower. It invests through privately negotiated equity and equity-linked instruments, not grants.
What sectors does MITDF invest in?
The fund's priority list covers agriculture, healthcare, waste and water management, fintech, cyber security, governance, smart infrastructure, education, skilling, clean energy and mobility, plus other sectors the Maharashtra government flags as relevant.
Is MITDF a grant or an equity fund?
MITDF is a SEBI-registered Category I Alternative Investment Fund (Venture Capital Fund sub-category). It takes privately negotiated equity or equity-linked instruments in portfolio companies, not a grant.
How do I apply to MITDF?
Companies fill the fund's standardized application format, available on its official page, and email it to mitdf@idbicapital.com.
What kinds of businesses will MITDF not fund?
The fund's page states it stays out of alcohol and tobacco, gold and diamond trading, real estate, and any product or service banned by the government.
Related programmes
Browse similar grant programmes. See all maharashtra startup and msme schemes. CapEasy handles this under Fundraising advisory.
Source and verification
Official programme page: idbicapital.com. Last verified 22 September 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.