Fund For Startup: If you have a business idea..! This IIT is giving 20 lakh rupees for startup..

Fund for Startup: If you have a business idea, then this is a golden opportunity for you. You can start a business with this idea. For this, you will be provided with funds and other facilities by the Indian Institute of Technology (IIT) BHU. For example, IIT BHU is providing an opportunity to build a big business network from a business idea. For this, funding of Rs 20 lakh will be provided by IIT BHU.

This startup incubation has been started by IIT BHU's I-DPAT Hub Foundation to promote entrepreneurship and innovation. Which is providing these facilities? Let's know what is the whole matter?

Other facilities, including funding of 20 lakhs, will be available
IIT BHU's I-DPT Hub Foundation has announced funding to startups, under which the foundation will provide funding of Rs 20 lakh to convert an idea into a business. Along with this, startups will be provided with an office as well as access to market, technical, and legal support, and other resources.

Apply by August 20

It will not be easy to get startup funding from IIT BHU. Entrepreneurs, including students, will have to fulfill some standards for funding. Only after this can they apply for funding. An online application can be made by visiting the official website of I-DPT Hub Foundation www.idapthub.org with a business idea till August 20. Only the selected business idea will be provided with funding and other facilities by the foundation.

Who can apply

Some eligibility criteria have been set to apply for the funding being provided to startups by IIT BHU I-DPT Hub Foundation. Simply put, one cannot apply for startup funding with just a business idea.

According to the information provided by IIT BHU I-DPT Hub Foundation, one can apply for startup funding with business idea only by forming a company. The company should be registered with the Department of Industrial Policy and Promotion of the Government of India. One founder of the company must work full-time with the startup. One founder of the company should have 51 percent shares. Only then can the application be made.

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