Velocity – Kotak BizLabs is a grant from NSRCEL, IIM Bangalore (CSR initiative by Kotak Mahindra Bank) for dPIIT-registered firm with a fully developed, market-ready MVP, already generating revenue, and with an existing customer base. It provides Grants up to Rs 30 lakh (select startups), for revenue-stage startups across deeptech, agritech, climatetech, fintech, edtech, healthcare and sustainability sectors. Applications are open on a rolling basis.
Key facts
| Amount / benefit | Grants up to Rs 30 lakh (select startups) (Accelerator support + select grants) |
|---|---|
| Provider | NSRCEL, IIM Bangalore (CSR initiative by Kotak Mahindra Bank) |
| Where | Pan-India |
| Stage | Early Revenue, Growth |
| Sector | Revenue-stage startups across deeptech, agritech, climatetech, fintech, edtech, healthcare and sustainability sectors |
| Deadline | Rolling / always open |
What is Velocity?
Velocity – Kotak BizLabs is a 12-month accelerator program run by NSRCEL (IIM Bangalore's startup hub) in collaboration with Kotak Mahindra Bank as a CSR initiative, supporting revenue-generating, market-ready startups across sectors like DeepTech, AgriTech, ClimateTech, FinTech, EdTech, and Healthcare. It offers mentorship, market strategy support, a demo day pitch to investors, and grant opportunities of up to Rs 30 lakh for a select set of startups from the cohort, with no fees or equity taken. It is run by NSRCEL, IIM Bangalore (CSR initiative by Kotak Mahindra Bank).
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 revenue-stage startups across deeptech, agritech, climatetech, fintech, edtech, healthcare and sustainability sectors. 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 Velocity?
DPIIT-registered firm with a fully developed, market-ready MVP, already generating revenue, and with an existing customer base.
How much does Velocity give, and in what form?
Grants up to Rs 30 lakh (select startups), as accelerator support + select grants.
Frequently asked questions
What kind of support is this?
A grant is financial support you don’t repay — awarded against eligibility and, usually, agreed milestones or utilisation of funds.
Who runs this programme?
Velocity – Kotak BizLabs is offered by NSRCEL, IIM Bangalore (CSR initiative by Kotak Mahindra Bank). Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
Browse similar grant programmes. CapEasy handles this under Fundraising advisory. CapEasy handles this under Startup India and DPIIT recognition.
Source and verification
No official page is linked for this programme yet. Verification date pending. 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.