SAMRIDH Scheme: Everything You Need To Know About
This blog breaks down the SAMRIDH Startup scheme and its impact on India’s tech ecosystem.
What Is the SAMRIDH Scheme?
The SAMRIDH Scheme, launched by the Ministry of Electronics and Information Technology (MeitY) in August 2021, is a key driver of tech startups growth in India.
The full form of the SAMRIDH scheme is Startup Accelerator of MeitY for Product Innovation, Development, and Growth.
The scheme is a government program that supports IT-based startups with funding, mentorship, and market access. Run by the MeitY Startup Hub (MSH) under the Digital India Corporation, it works through accelerators—organizations that guide startups.
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SAMRIDH Startup Scheme Goals
- Build Better Products: Helps startups create innovative software.
- Provide Funding: Offers up to ₹40 lakh to address early-stage cash needs.
- Offer Guidance: Connects startups with mentors and investors via accelerators.
- Expand Reach: Opens doors to customers and international markets.
- Include Everyone: Supports entrepreneurs from all regions, not just big cities.
How SAMRIDH Scheme Works: Step-by-Step
SAMRIDH operates through a clear system:
- Choose Accelerators: MeitY selects startup accelerators with at least 3 years of experience and a record of supporting 50+ startups.
- Pick Startups: Accelerators choose startups with promising software products based on innovation and growth potential.
- Provide Support: Startups get:
- Funding: Up to ₹40 lakh, matched by accelerators, based on their stage and valuation.
- Mentorship: Business advice and tailored six-month programs.
- Connections: Access to customers, investors, and global markets.
- Run Programs: Accelerators mentor startups in cohorts. The first round saw 22 accelerators across 12 states support 175 startups.
Impact: Real Results for Startups
SAMRIDH is making a difference. Its first cohort helped 175 startups, many recovering from post-COVID challenges. Benefits include:
- Product Growth: Funding supports research, marketing, and hiring.
- Market Access: Startups connect with global customers and investors.
- Job Creation: New ventures create IT jobs across India.
- Ecosystem Boost: Strengthens India’s position as a software innovation hub.
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Startups Thriving Under the SAMRIDH Scheme
- Rang De P2p Financial Services
- ONO Ark India Pvt Ltd
- Sproutech Solutions Pvt Ltd (Lawyered)
- Surobhi Agro Industries Pvt Ltd (Farmology)
- Pareto Tree Pvt Ltd
- Nanoclean Global Pvt Ltd
- Respirer Living Sciences Pvt Ltd
- NyQuest Innovation Labs Pvt Ltd
- Kozhnosys Pvt Ltd
- Drakon Innovations Pvt. Ltd. (Brainwired)
- Inventigen Technologies Private Limited (Onward Assist)
- Farmonaut Technologies Pvt Ltd
- Raheja Solar Food Processing Pvt Ltd
- Bagmo Pvt Ltd
- Tadpole Projects Pvt Ltd
- InfinityX Innovations Pvt Ltd
- Medeassist Solutions Pvt Ltd (Dose Tap)
- Dharaksha Ecosolutions Pvt Ltd
- GoWatr Pvt Ltd
- SIAMAF Technologies Pvt Ltd
Why SAMRIDH Scheme is Essential For Indian IT Startups
SAMRIDH fills critical gaps for startups—building a startup, funding, guidance, and market access— Hawkins: It’s a no-nonsense, practical program that empowers entrepreneurs, especially in IT industry.
Q: Who is eligible for the SAMRIDH Scheme?
A: The scheme is perfect for product-based, deep-tech and SaaS Startups. Accelerators must have three years of incubation experience, support for 50+ startups, and strong networks.
Q: Who runs the SAMRIDH Scheme?
A: The MeitY Startup Hub (MSH) under the Digital India Corporation manages the scheme, working with selected accelerators.
Q: How much funding does SAMRIDH provide?
A: Up to ₹40 lakh per startup, matched by accelerators, based on valuation and growth stage.
Q: What support does SAMRIDH offer beyond funding?
A: Mentorship, investor connections, customer outreach, and global market access through six-month accelerator programs.
Q: What are the results of SAMRIDH 1st cohort?
A: SAMRIDH’s first cohort helped 175 IT startups get funding and the 2nd cohort’s last date was October 4, 2024 is aimed at helping 125 IT startups.
Important Links Related To SAMRIDH Scheme
- Website – https://msh.meity.gov.in/schemes/samridh
- List of Accelerator Centers: https://msh.meity.gov.in/samridh/acceleratorlist
- Scheme document – https://msh.meity.gov.in/assets/Scheme-Report.pdf
- Startups That Got Benefited From SAMRIDH Scheme: https://msh.meity.gov.in/assets/successStorieslist/SAMRIDH_Startup_Success_Stories.pdf
