startup Manipur

StartUp Manipur – Know the Details and Check your Eligibility

StartUp Manipur is a flagship scheme that was started in the year 2017-18 by the Government of Manipur as a part of the Startup India an initiative by the Government of India. The aim of the StartUp Manipur is to generate large scale employment opportunities, catalyze the startup culture, and build a strong and comprehensive ecosystem for innovation and entrepreneurship in Manipur.

Three rounds of selection of beneficiaries have been conducted so far since 2017-18 and provided benefit to 877 StartUps. A beneficiary can avail of up to Rs. 1 Crore with a 30% subsidy depending on the scale of their business.

What is a StartUp?

Usually, a startup represents a growing company founded by one or more entrepreneurs with an aim to develop a unique product or service and bring it to the market. A startup is a scalable business enterprise to solve a problem or leverage an opportunity in an innovative way. Startups are different from conventional business and don’t include the extension of any family business.

How many categories does startup Manipur Has?

StartUp Manipur comes under four categories.

Revenue Stage

Salient Features of Revenue Stage

The entrepreneur or firm or company should be in the earning stage.

Support up to ₹ 1 Crore, 30% subsidy (maximum of ₹ 30 Lakhs subsidy), 65% loan, 5% by the business owner.

In this stage, the entrepreneur/firm/company should be in the revenue or earning stage generating scalable and innovative products or services up to 7 years old business but requires support and funding to scale-up the business. In the Revenue stage of Startup Manipur, the existing entrepreneurs will get support up to 1 crore of which 30% is given as subsidy by the State government (Maximum up to Rs. 30.00 Lakh) to scale up the business under startup Manipur fund. 65% of the total amount will be provided as a loan by banks. The business owner as margin money will contribute the remaining 5%.

Click here for Documents required to apply for Startup Manipur for Revenue Stage.

Apply for the Startup Manipur here.

startup Manipur

Idea Stage

Salient Features of Idea Stage

Those who have innovative and scalable business ideas but need support are eligible.

Mentorship and three months Boot camp

A grant of ₹ 3 Lakhs in two installments of ₹ 1.5 Lakh each by the State government.

Any individual who has an innovative and scalable business idea but needs support to grow and transform their idea into a profitable business fits in this category. In this Idea Stage of StartUp Manipur, anyone who is eligible will get mentorship and three months boot camp. In addition, a sum of Rupees Three Lakhs is provided as a grant in two installments of 1.5 Lakh each by the State Government.

Minimum Documents required for the Idea Stage

A copy of Aadhaar card or PAN card

What are the requirements in registering for Startup Manipur in the idea stage?

  • Either AADHAAR number or PAN number
  • Working Mobile Phone with SMS facility
  • Working Email ID address.
  • Both the mobile phone number and email id will be verified using OTP.

Know the details for registration and required documents here.

startup Manipur

Entrepreneurs Support Scheme (ESS) to be applied under Revenue stage of Startup Manipur

Salient Features of ESS

Only those applicants who have applied for the Revenue stage but not selected.

Subsidy of ₹ 1 Lakh and a loan of ₹ 2 Lakhs.

This category is only for those applicants who have applied in Revenue Stage but not selected under Revenue State. They will be shortlisted for support under ESS. Under ESS, those selected business units will be provided a short duration of 3 days Business Incubation program aided by Start-up Cell of Planning Department of Government of Manipur.

Support of rupees three lakhs will also be provided to the beneficiaries which include a subsidy of 1 lakh followed by 2 lakhs loan from the partner bank.

Manipur Startup
Stand Up Stage of Startup Manipur

Stand Up Stage (StartUp Manipur category for SC/ST/OBC/women/Minority/ differently-abled entrepreneurs )

Salient Features of Stand Up Stage

Exclusively for the first-time venture of SC/ST/OBC/Women/Minority/ differently-abled entrepreneurs.

The applicant must be above 18 years of age.

Support up to ₹ 1 Crore, 30% subsidy (maximum of ₹ 30 Lakhs subsidy), 65% loan, 5% by the business owner.

This category was added in 2019-20 to promote the first-time venture of SC/ST/OBC/Women/Minority/ differently-abled entrepreneurs. The applicant should be above 18 years of age at the time of applying for Stant Up Stage. The nature of the existing business can be in the manufacturing or service or trading sector. Unlike any other category mentioned above, the condition of innovation may not be mandatory.

The monetary benefits under this category are the same as the Revenue stage. Subsidy of 30% by the state from the Startup Manipur fund (max up to ₹ 30 Lakhs), 65% to be provided by the banks, and the remaining 5% to be borne by the business owner.

Click here for to know the Minimum documents required for Stand Up stage

Eligibility and Selection Procedure for StartUp Manipur

  • Should be a domicile of Manipur by birth.
  • Any individual or groups of individuals having an innovative idea or concept
  • Student of NEDC (Network of Entrepreneurship Developments Centers) institutes.
  • Applicants need to fill up forms and submit the application through the official website StartupManipur.in.
  • First Level screening will be done by a committee.
  • Selected Startups will have to pitch their ideas in front of a panel in the StartUp Manipur Event.
  • The startup will be selected based on their ideas, pitch, business plan, feasibility, scalability, and budget by a board consisting of MEN (Mentor and Expert Network), EDC (Entrepreneurship Development Center), and state representative.

Latest News from Startup Manipur

National Startup Awards 2021

Applications are invited from the outstanding startups that are building innovative products/solutions, scalable enterprises, with a high potential of employment generation or wealth creation, demonstrating measurable social impact.

Applications are opened till 31st January 2021.

Apply for Startup here

Apply for Accelerators

Apply for Incubators

Guidelines for the Award

# A cash prize of INR 5 lakh shall be awarded to one winning Startup in each of the subsectors

# The Winners and Runners up shall be given priority for participation in various National and International Startup events sponsored by DPIIT.

Award Category

Agriculture, Animal Husbandry, Drinking water, Education and skill development, Energy, Enterprise systems, Environment, Fintech, Food Processing, Health & wellness, Industry, Security, Space, Transport and Travel.

Selection of Beneficiaries under Standup Category Startup Manipur

Notice for selection of beneficiaries under Standup category under Manipur scheme for the year 2020-21 is scheduled to be held on 1st February 2021 at 10:00 am at Secretariat Conference Hall, South Block, Imphal.

Know the details from here.

Inputs from StartupManipur.in

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