What is Samriddhi 2.0?

Samriddhi 2.0 is an incubation program by TECHIN IIT Palakkad and Symega Food Ingredients Ltd., aimed at supporting innovative solutions in the Food Technology sector. It offers funding, mentorship, and incubation support to early-stage startups.

What kind of funding is provided?

The program offers funding support of up to ₹5 Lakhs. This is provided as an equity investment, with TECHIN holding a minor equity stake in the selected startups.

What are the eligibility criteria for applicants?

Applicants must be Indian nationals, have an innovative idea in Food Technology at TRL-4 or above (with a working prototype), and either be a registered startup or willing to register upon selection. A founder/co-founder must be full-time engaged.

What thematic areas does the program focus on?

The program focuses on Innovative Food Production & Processing, Sustainable Packaging & Preservation, Smart Processing & Automation, Food Waste Management & Circular Economy, and Food Safety, Quality & Nutritional Innovation.

Do I need to relocate to Palakkad for the incubation?

No, the program offers hybrid incubation (Online & Offline) and virtual pitching. While incubation space is available at a subsidized rate, relocation is not mandatory.

Is DPIIT Startup India recognition required?

Applicants should be a startup or willing to register as a startup immediately after the selection process. While not explicitly stated as a prerequisite, DPIIT recognition is typically a part of formal startup registration in India and would be expected.

What does the incubation support include?

Incubation support includes mentorship from experts and the PAN IIT network, business model fine-tuning, subsidized incubation space, access to fabrication and rapid prototyping facilities, and consultation for legal, financial, IP, and business aspects, along with investor connect.

Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology

Samriddhi 2.0, an initiative by the Technology Innovation Foundation (TECHIN) of IIT Palakkad in collaboration with Symega Food Ingredients Ltd., is a focused incubation program aimed at fostering innovation within the crucial Food Technology sector. The program seeks to identify, nurture, and accelerate startups and innovators who are developing solutions at Technology Readiness Level (TRL) 4 and above. These innovations are expected to tackle pressing industry-relevant challenges across the entire food ecosystem, from production to consumption and waste management. The program's core objective is to bridge the gap between promising technological concepts and market-ready solutions, providing a robust platform for early-stage ventures. By focusing on TRL 4+ technologies, Samriddhi 2.0 targets innovations that have moved beyond the ideation phase and demonstrated a working prototype in a laboratory setting. This ensures that selected startups possess a tangible foundation upon which to build and scale their solutions. The collaboration with Symega Food Ingredients Ltd., a leader in sensory solutions, brings invaluable industry expertise and market perspective to the incubatees, enhancing their potential for commercial success. Samriddhi 2.0 also aligns with IIT Palakkad's mission to cultivate an environment of knowledge pursuit and innovation. Through TECHIN, its dedicated incubator arm, the program actively supports aspiring entrepreneurs in transforming their innovative ideas into sustainable and impactful businesses. This holistic approach encompasses not only financial assistance but also comprehensive mentorship, access to advanced infrastructure, and critical industry connections, positioning Samriddhi 2.0 as a pivotal platform for food tech innovators in India.

Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology

Samriddhi 2.0 (समृद्धि) – Call for Innovations in Food Technology

Funding providers

Application Process

How to apply

Sources

Webinars

Can Your Startup Win Grants?

Introduction to Grants, Subsidies and Incentives

Grants closing soon

Subsidies

Debt programs

Competitions closing soon

Equity closing soon

Frequently Asked Questions

About this funding program

Eligibility

Timelines & Process

Benefits & Funding

Webinars

Can Your Startup Win Grants?

Introduction to Grants, Subsidies and Incentives

Grants closing soon

Subsidies

Debt programs

Competitions closing soon

Equity closing soon

Startup Software Credits

Higgsfield

Replit

Warp

Manus

Semrush

Bolt

Hostinger

Notion

Reclaim.ai

Microsoft

Huawei

Google

Results & next round