Supporting Partners

About IGNITE

Innovative start-ups play a crucial role in driving transformative change for micro-enterprises and Self-Help Groups (SHGs) by developing tailored solutions that address their unique challenges. These ventures harness creativity and technology to provide accessible tools and resources, empowering these communities to enhance productivity, improve financial literacy, and streamline operations. By fostering collaboration and knowledge-sharing, these start-ups not only promote sustainable economic growth but also uplift individuals and families, creating a ripple effect of positive social impact. Through initiatives in areas such as financial services, training, and technology integration, these pioneering companies are revolutionizing how micro-enterprises and SHGs operate, ultimately leading to stronger, more resilient communities.

Offering

Eligibility

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SOLUTIONS THAT CAN TRANSFORM THE GIVEN BELOW DOMAINS FOR MICRO ENTERPRISES MAY APPLY FOR THE PROGRAM

OFFERINGS

We are pleased to offer funding of up to ₹25 lakhs to support innovative start-ups focused on delivering impactful solutions for micro-enterprises and Self-Help Groups (SHGs).

ELIGIBILITY CRITERIA

You have a start-up entity registered and based in India.
Start-up focused on providing solutions for micro-enterprises or SHGs.
The start-up should offer an innovative product, service, or technology that addresses specific challenges faced by micro-enterprises or SHGs.

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Frequently Asked Questions

1. What is the Ignite Program?

The Ignite Program aims to support innovative start-ups that develop impactful solutions for micro-enterprises and Self-Help Groups (SHGs). Through this program, IIMK LIVE will fund and connect the selected startups to Micro Enterprises in the country.

2. Who can apply for the program?

Start-ups building innovative solutions for Micro Enterprises in areas such as supply chain and logistics, financial services, marketing and sales, packaging/distribution, platforms, lending, manufacturing, and training/capacity building can apply.

3. What kind of solutions are we looking for?

We are looking for innovative and technology-driven solutions that address the unique challenges faced by micro-enterprises and SHGs. These solutions should enhance productivity, streamline the operations and support their overall growth.

4. How much funding is available?

Start-ups building solutions for Micro Enterprises/SHG’s can receive funding of up to ₹25 lakh to develop and implement.

5. What are the eligibility criteria?

Applicants must be registered start-ups with a clear focus on creating impactful solutions for micro-enterprises and SHGs. Specific criteria may vary, so please check the detailed eligibility requirements on our website.

6. How can I apply?

Applications can be submitted through our official website. Please ensure that you provide all required documentation and information about your product/solution

7. What is the selection process?

Applications will be evaluated based on the innovation, feasibility, and potential impact of the proposed solution for Micro Enterprises. As part of the final selection, shortlisted candidates may be invited for pitching with the selection committee.

8. Is it a virtual or Physical Accelerator Program?

This acceleration program is structured as a hybrid accelerator program. Startups are not mandated to work physically from the accelerator space provided at LIVE.

9. I am not associated with IIM Kozhikode as a student/ alumni/ faculty member. Can I apply for the Accelerator Program?

Yes. You may apply for the program.

10. I am a student/ alumni/ faculty member of IIM Kozhikode. Do I still need to apply for this Program?

Yes. There is only one admissions process for all applicants. IIMK students/ alumni/ faculty may get priority, subject to the merit of the business idea.

11. I am already an incubatee of IIMK LIVE; should I again apply for this program?

Yes. You may have to apply for this program separately, and you will be part of the selection process.

12. How and where will the pitching round be held?

The pitching process will be held virtually.

13. How will I know about the result of each round?

IIMK LIVE will inform you of the status of the application via email to your registered email ID.

14. How can sensitive information about my startup be protected?

Information related to each startup will be highly confidential at the center. Details of the startup will be shared only with the selection committee.

15. Is there any fee associated with applying?

There is no fee to apply for the Ignite Program.

16. What support will be provided beyond funding?

In addition to funding, we offer mentorship, networking opportunities, and access to resources that can help start-ups refine their solutions and scale their impact.

17. When is the application deadline?

Please check our website for the most current deadlines and updates regarding the application process.

18. Can I apply if I’m not based in India?

As the focus is on Indian micro-enterprises and SHGs, we encourage innovative start-ups from India having solutions for Micro Enterprises to apply for this program.

19. How will the funding be disbursed?

Funding will be disbursed based on project milestones and deliverables outlined in the investment agreement.

20. Can I apply for funding if my start-up is at an early stage?

Yes, we encourage early-stage start-ups with traction to apply for funding in this program. Startups at the idea stage and prototyping stage may not be considered for funding.