UP Patience Capital for Deep Tech
By Government of Uttar Pradesh
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Quick Answer
Up to INR 40 crore per deep-tech startup from UP's Patience Capital, for a maximum of four startups a year, with returns via IP, revenue share or equity.
- Funding amount
- Up to ₹40 Cr
- Funding type
- Equity
- Provider
- Government of Uttar Pradesh
- Application deadline
- Rolling
- Location
- Uttar Pradesh
About this funding program
Clause 7.A.3.ii of the UP Startup Policy creates a Patience Capital window for capital-hungry Deep-Tech Innovation startups that ordinary seed instruments cannot fund.
A maximum of four Deep-Tech Innovation startups are supported in a financial year, with funding of up to INR 40 crore per startup, and the total allocation under this component capped at INR 100 crore in a year. The amount sanctioned per startup is decided case-to-case on technology readiness and capital requirements, so the ₹40 crore is a ceiling rather than a standard cheque.
The route in is institutional: startups are identified by Navratna Incubators and formally recommended by the Director of the host institute. The sanctioned amount is disbursed to the Navratna incubator, which passes it on to the selected startup.
The State takes its return through a mix of IP monetisation share, revenue share, and equity or convertible instruments — so this is patient risk capital with an upside participation, not a plain non-dilutive grant.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
The Government of Uttar Pradesh is the state government of India's most populous state and a rapidly growing economic and entrepreneurial force. Through its IT & Electronics department and the UP Startup Policy, the state has committed to building a large, distributed startup…
Learn moreBenefits & Funding
- Amount
- Up to ₹40 Cr
What You Get
Patience Capital backs a very small number of deep-tech companies with unusually large cheques: up to INR 40 crore per startup, with a maximum of four startups supported in a financial year and total annual allocation capped at INR 100 crore. What you actually get is set case-to-case on technology readiness and capital requirements. The State's return comes through IP monetisation share, revenue share, and equity or convertible instruments, and the sanctioned money reaches you via the Navratna incubator that recommended you.
- Disbursement
- Milestone Based
- Cohort size
- 4 startups
Timelines & Process
Applications
Rolling basis
Selection Process
Navratna Incubators identify eligible Deep Tech Innovation startups and the Director of the host institute formally recommends them. The amount sanctioned per startup is then decided on a case-to-case basis based on technology readiness and capital requirements, within the four-startup and INR 100 crore annual limits.
Application Process
- 1
Identified by incubator
A Navratna Incubator identifies the deep-tech startup as a candidate for Patience Capital.
Provider - 2
- 3
- 4
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
How much can a startup get?
Up to INR 40 crore per startup, decided case-to-case based on technology readiness and capital requirements.
How many startups are funded each year?
A maximum of four Deep-Tech Innovation startups in a financial year.
Is there an overall annual limit?
Yes — the total allocation under this component shall not exceed INR 100 crore in a year.
Can I apply directly?
No. Startups are identified by Navratna Incubators and formally recommended by the Director of the host institute.
Is this non-dilutive?
No. Returns are structured through IP monetisation share, revenue share, and equity or convertible instruments.
How is the money paid out?
The sanctioned amount is disbursed to the Navratna incubator, which then disburses it to the selected startup.
Where is this provision defined?
Clause 7.A.3.ii of the UP Startup Policy.
Sources
Data on this page is compiled from official program and provider references.
