Velocity Fund
Seed funding for deep tech startups
Early-stage funding of up to ₹9 Crore per startup, with equity support of up to 75% of project cost, for deep tech startups building future technologies.
- Funding
- Up to ₹9 Crore per startup
- Equity support
- Up to 75% of project cost
- For
- DPIIT-recognised deep tech startups
- Stage
- Early stage
About Velocity Fund
Velocity Fund is a Government of India initiative to provide early-stage capital to deep tech startups so they can move from research and prototype to scalable products. It targets technologies where long development cycles make private capital hard to raise.
Selected startups receive funding of up to ₹9 Crore, structured as equity support of up to 75% of the approved project cost, along with mentorship and access to industry networks. Focus areas include AI and machine learning, robotics, quantum computing, semiconductors, clean energy and space technology.
Key benefits
- Early-stage funding of up to ₹9 Crore to fuel innovation and growth
- Equity support of up to 75% of the project cost
- Expert mentorship from industry specialists and investor networks
- Positions the startup for global competitiveness
- Complements DPIIT benefits, Fund of Funds and CGSS
Who is eligible
- Deep tech startup working on future technologies
- Incorporated as a private limited company in India
- Recognised by DPIIT under Startup India
- Defensible technology or IP with global potential
- Founding team with the technical capability to execute
Documents required
- Certificate of incorporation and DPIIT recognition
- Pitch deck, technology note and development roadmap
- Project cost breakdown and use of funds
- Founder profiles and cap table
- Patents, publications or proof of concept results (if any)
How Vertex helps with Velocity Fund
- 1Eligibility checkWe review your business profile against the scheme rules and related state incentives.
- 2Documents & project reportWe prepare the DPR, financials and registrations such as Udyam, GST and FSSAI.
- 3Application & lender liaisonWe file the application and coordinate with banks, NBFCs and agencies.
- 4Sanction & follow-upWe follow up until sanction, disbursement and any subsidy release.
Frequently asked questions
Startups whose core product is built on scientific or engineering breakthroughs, such as AI and ML, robotics, quantum computing, semiconductors, clean energy, biotech and space technology.
Yes. DPIIT recognition is required to apply. We can secure recognition and prepare the fund application together.
Scheme limits, subsidy rates and timelines are indicative and subject to the latest government guidelines and lender policies. Vertex Certification is a private consultancy and is not affiliated with any government body.
Related schemes
View all schemesStartup India (DPIIT)
DPIIT recognition that unlocks tax exemption, IPR rebates, easier compliance and access to startup funding.
View schemeFund of Funds for Startups
A ₹10,000 Crore government corpus invested through SEBI-registered AIFs that back high-potential startups.
View schemeSeed Support Scheme
Financial assistance of ₹25 Lakh to ₹1 Crore for innovative, technology-driven startups, along with mentoring, networking and facility support.
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