Startup Spark:Eligibility, Benefits, and How to Apply
Learn everything about the Startup Spark Scheme by SINE IIT Bombay in partnership with HDFC Bank Parivartan. Get insights on eligibility, benefits, focus areas, and documents required to apply for the grant and mentorship.
What is the Startup Spark Program?
The Startup Spark Program is a high-impact accelerator designed to support early-stage technology startups and take them to market effectively.
The program focuses on deep-tech startups working on disruptive technologies with high potential for commercialization.
Selected startups receive equity-free funding, mentorship, ecosystem access, and investor visibility.
Benefits of the Startup Spark Scheme
Grant Support
Up to ₹50 Lakhs in milestone-linked grant support.
Expert Mentorship
Guidance from industry veterans and successful entrepreneurs.
SINE Ecosystem
Access to SINE/IIT Bombay ecosystem and corporate partners.
Investor Visibility
Demo Day presentations to top-tier venture capitalists.
Global Access
Exposure to 500 Global network for international scaling.
Eligibility Criteria for Startup Spark Program
To ensure your application is successful, you must meet the specific Startup Spark eligibility requirements. These criteria are designed to identify startups that are past the basic ideation phase and ready for market deployment.
Must be a technology-focused startup registered under the Companies Act, 2013 (Private Limited).
Must have a TRL of 5 or above, meaning the product has been validated in a relevant environment.
Early-revenue startups with market traction or clear evidence of customer adoption.
Founders must demonstrate a full-time commitment to commercialization and scaling.
Must work in deep-tech domains like AI, Quantum Computing, Energy, or MedTech.
Documents Required for Startup Spark Application
To apply for the Startup Spark Program, you will need to submit the following documents:
Pitch Deck
A detailed deck explaining your problem, solution, business model, and traction.
Executive Summary
A concise overview of your vision and market opportunity.
Business Plan
A comprehensive roadmap with financial projections and scaling milestones.
Technology Description
Details of your product, including MVP demo and TRL evidence.
Founders' CVs
Professional resumes of the core team showcasing domain expertise.
Market Analysis
Data covering competitors, target market, and customer segments.
Current Traction
Evidence of revenue, user base, or signed LOIs/partnerships.
Legal & Compliance Documents
Business registration certificates, MSME certification, and IP/patent filings.
