Startup Manipur

About Us

Our Vision:

To make Manipur, one of the top start-up destinations in the North East by providing the most enabling ecosystems to support and nurture start-up entrepreneurship in the State.

Our Mission:

To strengthen the start-up culture in the State by fostering greater social acceptance and recognition of promising start-ups, through strategic investment, policy interventions and such other programmes.
Encourage and inspire the youth of Manipur to actively consider entrepreneurship as a career choice by including appropriate learning modules, developing relevant entrepreneurship development programs in vocational institutions, and supporting outreach programs, interactions with entrepreneurs, e-cells and entrepreneurship development centres across educational institutions in the State.
To support and strengthen existing business incubators & accelerators in the State.
To encourage setting up new business incubators in the State in collaboration with private sector.
To continuously provide enabling mechanisms to start-ups, through training and skill development, capacity building, networking, access to knowledge & support services, etc.
To implement a supportive regulatory framework that enables hassle-free and time bound statutory clearances for all start-ups.
To provide appropriate infrastructural support required to enable start-ups to set up and grow rapidly.
To create a platform for accessing multiple avenues that provide financial support to start-ups in Manipur, like grants, bank loans, fiscal incentives, etc.
To create enabling environment and supporting eco-system that facilitates 1000 start-ups in next five years.
Growth of start-ups would be largely sector-agnostic, it would be appropriate to give added focus to areas particularly suitable for Manipur :-
1. Entrepreneurship initiatives that enable sustainable and inclusive socio-economic development across the whole State.
2. Entrepreneurship development activities that leverage the natural resources, human skills and other strength areas of the State.
3. Innovative ideas, new business domains and sectors that have high future growth potential would be encouraged.
4. Particular encouragement to sectors and capabilities that can catalyze growth across multiple industries, or can have a multiplier effect.

Enabling Environment

NEDC

Create a Network of Entrepreneurship Development Centers (NEDC) in Universities and leading Higher education institutes.
State will facilitate capacity building of NEDC partner institutions through active collaboration with leading business incubators (BI) in the State and outside.

Business Incubators

State will assist in creating Business Incubators (BIs) in the State to enable them incubate a number of start-ups
Preferential lease of land from State Government as per its land policy to government recognized BIs in the State.
About 20% of space available will be earmarked in existing and forthcoming Industrial Estate.

Product/Prototype Development

Access to Government R & D labs and resources to start-ups will be facilitated by State Government.
State will facilitate creation of a state-wide Mentor and Expert Network (MEN) for Start-ups.
Provision for one-stop comprehensive service to promising start-ups through website.

Market

Access to list of market and potential buyers inside and outside the state through MEN.
Providing potential investors to select the project from the database that they would be interested to fund.
Market development support through FICCI, IITF

Funding

STUDENT STARTUP

1. Eligibility: Any student who is undergoing Graduate/Post-Graduate/Degree/Master courses.
2. Benefits:
i. Weekend Mentorship Program designed for Students
ii. Seed funding and other support services
3. How to apply: Through the website of www.StartupManipur.in
4. Funding Range: Subsidy upto 25% of the total cost but not exceeding 5 Lakhs

WOMEN STARTUP

1. Eligibility: Any women startup enterpreneur
2. Benefits:
i. Mentorship, Incubation, Legal Support, etc
ii. Funding for the startup
3. How to apply: Through the website of www.StartupManipur.in
4. Funding Range: Subsidy upto 25% of the total cost but not exceeding 10 Lakhs

IDEA STAGE STARTUP

1. Eligibility: Anyone who has a scalable business idea but need the help of converting the idea to profitable business.
2. Benefits:
i. Mentorship, Incubation, Legal Support, etc
ii. Funding for the startup
3. How to apply: Through the website of www.StartupManipur.in
4.Funding Range: Subsidy upto 25% of the total cost but not exceeding 20 Lakhs

REVENUE STAGE STARTUP

1. Eligibility: Any enterpreneur who already has an innovative product or a service which generates revenue but need the guidance & funding to scale-up.
2. Benefits:
i. Mentorship, Incubation, Legal Support, etc
ii. Funding for the startup
3. How to apply: Through the website of www.StartupManipur.in
4. Funding Range: Rs.20 Lakhs - 3 Crore as decided by the Lending Bank, Investor Network etc.

Incentives

Ideation

Facilitate creation of a state-wide Mentor and Expert Network (MEN) for Start-ups
Assisting in getting legal/regulatory support in the form of enabling legislation/clarification from the Government on a fast track mode.
State will fund expenditure upto Rs. 10 lakhs to Colleges in the State to create an Entrepreneurship Development Centre (EDC)
State will fund relevant activities of the EDCs to nurture entrepreneurship and promotion of innovation led start-up culture upto 10 lakhs per annum.
100% Stamp Duty reimbursement / registration fees/ conversion fees paid on sale /lease deeds for Transactions.
50% lease rental reimbursement for a maximum of 3 years subject to a ceiling of 5 lacs.

Prototype / Product Development

Access to fund in the form of subsidy (upto 25%).
The cost of filing and prosecution of patent application will be reimbursed 100% to the incubated start-up companies.
Digital Upgradation subsidy – 50% of capital expenditure for purchase of Computers, related hardware, and relevant software with a Ceiling of 1 lac for every startup.
Access to Government R & D labs and resources to start-ups will be facilitated by State Government.
Access to Mentor and Expert Network (MEN)

Promotion And Commercialization

Access to fund in the form of loan from Banks facilitated by Government of Manipur.
Access to fund in the form of equity from Venture Capital/Private Equity Fund.
GST Reimbursement – for Startup Registered in Manipur, Annual State GST will be reimbursement as per the Manipur Industrial and Investment Policy, 2017.
State will facilitate access to effective networking and showcasing opportunities for promising start-ups through active linkage programmes.
2% percent of purchase by government Departments should be from the startup, whenever applicable.
The Start-up Centre shall promote Manipur as a start-up destination through participation in international and national events

Events And Promotion

Spark Saturday

Enterprenuership Talk on every 2nd & 4th Saturday (1 hr) to inspire and boost an ecosystem for enterpreneurship.

Who can attend: Any aspiring enterpreneurs can attend the Talk Show.
Benefits: Real life experience lesson from successful enterpreneurs who will share their real life experience lesson of enterpreurship journey to the aspiring enterpreneurs.
How to organize: The event will be organized by outsourcing or tieing up with Organizations / NGOs / Company who already had the experience of conducting and organizing such startup events.

Uplift

Quarterly event of Enterpreneurship especially designed for networking, seminar, workshop, etc – 1 Day event.

Who can attend: Any aspiring enterpreneurs can attend the Event
Benefits: Networking opportunities with the succesfull enterpreneurs
How to organize: The event will be organized by outsourcing or tieing up with Organizations / NGOs / Company who already had the experience of conducting and organizing such startup events.

Main event for selecting the Startup Ideas to be funded. 2-3 days event.

Who can attend: The selected business idea through screening will be allowed to pitch or present their business to a well selected juries/panel in the event.
Benefits: The winning business ideas will get all the benefits & support kits like funding, legal, mentoring, incubation etc
How to organize: The event will be organized by outsourcing or tieing up with Organizations / NGOs / Company who already had the experience of conducting and organizing such startup events.

Eligibility And Selection Process

Eligibility

A domicile of Manipur by birth
Any individual/group of individuals having innovative idea/concept.
Students of NEDC Institutes

Selection Process

Applicant need fill up the application forms and submit through this website (see Top)
First level screening will be done by a committee
Selected Startups have to pitch their business idea in front of a panel in the Manipur Startup event to be telecasted on local TV channels.
A jury of panels consisting of MEN, EDC, state representative will select the startup based on their pitch, business plan, feasibility, scalability and budget.

Click here to Apply Now

STARTUP MANIPUR

To make Manipur emerge as one of the top start-up destinations in the North East by providing the most enabling ecosystems to support and nurture start-up entrepreneurship in the State.

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