A comprehensive guide to secure government grants 💸 for your startup

Tips to help you loosen the purse strings of the government!

Author

Team Build3
August 07, 2024 • Estimated Reading Time: 8 minutes

Get funded without diluting your equity!

The government of India has disbursed over sixty-eight million USD (INR 580 Cr) over the past five years to tech startups in India. 

If you wish to cash in on the grant money floating around the market, do read on 😄

I spoke to Sakshi last week (co-founder of GoodLives) who raised over a hundred and seventy thousand USD (INR 1.5 Cr) via grants to build her startup.

Along with Abhimanyu (co-founder of ReNewCred), she founded Last Pivot to help mentor founders to achieve their business goals.

We discussed what makes a successful grant application and how founders can increase their chances of securing a government grant.

There were a lot of golden nuggets Sakshi shared during our conversation, so I decided to write an article on it.

Bharat Mata wants you!

Are you ready?

The “Bharat Mata Wants You” was modelled after the Uncle Sam poster in the US. AI is fascinating lol

Table of Contents

Your go-to-market strategy for grants!

Dear founder,

Before you embark on your grants adventure, it’s important to note a couple of things :

- Obtaining a grant is a minimum 3 - 6 month process

- It is essential to allocate a significant amount of time in your daily schedule while applying for grants (someone who is detail-oriented and is good at documentation will be ideal here)

- Having a co-founder is looked upon favourably by the grant committee and increases your chance of receiving a grant.

So before you begin, please be aware of your existing runway and the time you have on your hands, and find a couple of people who believe in your vision.

Your chance of grant success hinges on it.

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