The ELEVATE NXT 2026 program is a grant-in-aid initiative of the Government of Karnataka, implemented by Startup Karnataka under the Department of Electronics, IT & BT as part of the LEAP framework. The program is focused on the DeepTech sector and is designed to identify, support, and scale high-potential startups developing novel, science- and engineering-led innovations. It offers selected ventures non-dilutive, milestone-based funding, along with structured mentorship and rigorous evaluation, to foster solutions with strong societal impact, technological depth, and global competitiveness.
Program Objective and Focus
• Objective:
To establish a transparent, accountable, and standardized process for identifying and supporting DeepTech startups through grant-in-aid funding.
• Target Innovators:
The program targets startups leveraging advanced technologies to build novel-to-market solutions for complex challenges or to invent new technologies grounded in core scientific and engineering principles.
• DeepTech Characteristics:
Eligible innovations typically involve technologies such as AI, ML, IoT, Blockchain, Big Data, AR/VR, Robotics, 3D Printing, and Drones. These innovations are characterized by high technical complexity, the potential to redefine industries, the integration of multiple technologies, and a foundation in new scientific discoveries or proprietary intellectual property.
Funding and Support
• Grant-in-Aid:
Selected startups are eligible to receive up to ₹1 crore in non-dilutive grant-in-aid support.
• Funding Model:
Disbursements are made on a milestone-based funding model to support growth while ensuring accountability.
• Mentorship:
Startups receive structured mentorship and expert guidance throughout the program to support technical and business development.
Eligibility Criteria
• Legal Structure:
Applicants must be incorporated as a Private Limited Company, Limited Liability Partnership (LLP), or Registered Partnership Firm.
• Location:
Startups may be based anywhere in India. However, selected startups registered outside Karnataka must relocate their Registered Office (RoC) to Karnataka within four months of the result announcement.
• Age:
The startup must be within 10 years from the date of incorporation at the time of application.
• Turnover:
Annual turnover must not exceed INR 100 Crores in any financial year since incorporation.
• Entity Status:
The applicant must be an independent entity and not a subsidiary, spin-off, or internal division of an existing company.
• Team Size:
A minimum team size of two individuals is required.
• Prior Funding:
Applicants must not have been beneficiaries of the ELEVATE Grant-in-Aid scheme in the last three years.
• Technology Readiness:
Startups must demonstrate a Technology Readiness Level (TRL) between 3 and 8, supported by evidence such as a proof of concept, prototype, or scientific validation.
• DeepTech Qualification:
Applicants must clearly demonstrate DeepTech characteristics, including the use of advanced technologies, a novel-to-market solution, and potential for intellectual property creation.
Priority Sectors
• Quantum Technologies
• Energy & Climate
• Mobility & Logistics
• Generative AI
• Cybersecurity and Secure Systems
• FinTech
• Space & Satellite
• Aerospace & Defence
• AgriTech & FoodTech
• Health, Bio & Life Sciences
• Nanotechnology
• Semiconductors & Microelectronics
• Industrial Automation
• Advanced Materials & Manufacturing
• Robotics
• Others (to be specified in the application)
Application Process
• Submission:
Applications must be submitted online through the official department portal. Only one application per startup is permitted.
• DeepTech Justification:
Applicants are required to submit a 200-word statement justifying their classification as a DeepTech startup.
• TRL Declaration:
Applicants must select their current Technology Readiness Level (TRL 1–9) from the available options.
• Pitch Decks:
Two separate pitch decks must be uploaded using the prescribed templates: one for DeepTech qualification and one detailing the business model.
Evaluation Process
• Data Sufficiency Check:
An initial screening verifies compliance with basic eligibility criteria, including incorporation date, turnover, and self-declared DeepTech status.
• Level 1 Jury Evaluation:
A two-member jury evaluates the qualification pitch deck. At least one jury member must agree that the startup qualifies as DeepTech for it to advance to the next stage.
• Level 2 Jury Evaluation (In-Person Pitching):
Shortlisted startups participate in in-person pitching rounds. A minimum score of 60 is required in Round 1 to advance to the Grand Finale.
• Winner Selection:
Final scores are calculated using a weighted average of 40% from the first in-person pitching round and 60% from the Grand Finale. Winners are selected based on these consolidated scores.
Mandatory Documents
• Two pitch decks (Qualification and Business Model) in the prescribed formats
• Notarized affidavit on INR 100 e-stamp paper signed by the promoters
• Patent filing or grant certificates, if applicable
• CA-certified revenue certificate for FY 2024–25
• Certificate of Incorporation, Memorandum of Association (MOA), and Partnership Deed (for LLP/Partnership firms)
• Affidavit confirming the applicant has not received ELEVATE Grant-in-Aid funding in the last three years
Key Dates
• Application Deadline: 17 February 2026
The ELEVATE NXT 2026 program offers DeepTech startups across India a powerful opportunity to secure foundational, non-dilutive capital and strategic support. By backing ventures with high technical complexity and disruptive potential, the initiative aims to build globally competitive companies while strengthening Karnataka’s position as a leading hub for technological innovation and entrepreneurship.