IMPACT

Following the successful funding of over 25 technology development projects from both academic institutions and startups under the 1st call for proposals under the IMPACT program, IPTIF is now launching IMPACT 2.0 focused mainly on technology & product startups.

About IMPACT 2.0

Proposals are invited from Academic & Research institutions (Faculties from Academic & Research Institutions planning to register a startup in next 3-months) and DPIIT recognized Startups across India for prototyping, testing, validation, scale-up, field testing and pre-commercialization of technology /product development in the field of Intelligent Collaborative Systems (ICS) with application to Energy, Safety, Healthcare, Automotives, Agriculture, Defense and any other relevant domains of national importance to the 2nd call under the IMPACT program of IPTIF.

IMPACT 2.0 is specially designed to attract and fund startups developing and scaling impactful products and technologies in the above domains. The funding support is available right from prototype stage till market introduction stage and beyond. IMPACT 2.0 is designed as an equity-based funding program for DPIIT recognized startups and to-be-startups from academic and research institutions.

Scope of IMPACT 2.0

Proposals focused on indigenous technology / product development are invited under the below three categories 

• Category 1: Prototype development, testing and early-stage validation

  Applicants: Early Stage Startups and Faculties from Academic & Research Institutions planning to register a startup in next 3-months 
  Entry TRL: TRL-3 or above 2
  End TRL: TRL- 4-6 (A design-iterated prototype with critical technology components and Bill of Materials (BoM) frozen & undergone limited field testing under real/simulated working environment and ready for applicable safety/quality regulatory certifications)
  Funding: Up to INR 30 Lakhs against Equity

• Category 2: Field Validation, Certification and Pilot Market Launch

  Applicants: Mid-Stage Startups
  Entry TRL: TRL- 4 & above
  End TRL: ≥ TRL-7 (A robust product with frozen DFM with extensive field validation, certification and product performance data from real end-user settings along with all applicable regulatory approvals for scale-up manufacturing and market launch)
  Funding: Up to INR 50 Lakhs against Equity

• Category 3: Scale-up and Pre-commercialization

  Applicants: Late-Stage Startups
  Entry TRL: ≥ TRL-7 - Product is market-launched with initial revenue from sales for at least 1 year
  End TRL: TRL- 8/9 - Pre-commercialization (Scale up manufacturing and enhanced market penetration and revenue from sales)
  Funding: Up to INR 100 Lakhs against Equity or Royalty on sales

Duration of support

Project duration to be maximum 24 months & Funding support will be based on availability of Funds from NM - ICPS, Department of Science and Technology

To know more about this program, read the Program Document.