Kohima: YouthNet is calling for startup applications to join the MeitY GENESIS Pilot 2.0 program. This initiative operates under the Ministry of Electronics and Information Technology through the MeitY Startup Hub. It aims to connect emerging firms with public sector undertakings, government agencies, and large companies. Projects must prove market readiness.
Selected startups can receive up to Rs. 40 lakh in funding based on verified delivery costs. The program requires startups to provide 3 percent equity to the implementing agency for the benefit of the MeitY Startup Hub. A valuation report from a SEBI registered Merchant Banker or an IBBI registered Valuer must support the share price. The YouthNet Incubation Centre acts as the sole partner in Nagaland.
Associate director Neikepekho Shosahie said, "The programme offers significant opportunities for Nagaland’s technology start ups that are ready to scale and can demonstrate investment readiness."
Eligible businesses must be DPIIT recognized and located in Tier II or Tier III cities. Founders must hold at least 51 percent of the company. Requirements include a full time founder, an existing prototype, and a pilot work order valued between Rs. 1 lakh and Rs. 1 crore. Total revenue cannot exceed Rs. 1.5 crore, while prior public funding is capped at Rs. 40 lakh and private investment at Rs. 1.5 crore. The application window remains open until October 30, 2026.
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