Maharashtra Innovation and Technological Development Fund
Maharashtra State Innovation Society with IDBI Capital Markets & Securities as investment manager
A SEBI registered venture capital fund that buys equity in early-stage Maharashtra companies with innovative, scalable models. It is sector agnostic, with a focus on impact areas such as agriculture, healthcare, fintech, cyber security and education, and some attention to women entrepreneurs. This is investment, so founders give up equity in exchange for the money.
What you can get
Up to ₹10 crore in a single round, or 10% of committed corpus if lower
Do you repay it?
Yes, or it takes equity
Type
Seed funding
Where
Maharashtra
Current status
MSInS page shows an application form and the fund's 2022 SEBI registration. It does not say how much is left to invest or whether new deals are being closed.
Who can apply
- Company incorporated in Maharashtra under the Companies Act
- Company and its operations are based in Maharashtra
- Meets the Startup India definition of a startup
- Scalable, innovative business with a track record and strong team
How to apply
- 1Read the criteria on the MSInS page
- 2Submit the application form on the MITDF page, or email the fund manager
- 3Investment is decided by the fund's competent authorities
The catch
This is venture capital, not a grant. Expect investor due diligence and a stake in your company. Listed criteria are illustrative and the fund can add its own.
We read this on the official page on 4 November 2026. Rules and dates change, so confirm there before you apply. Founders Wing is not connected to this scheme, does not help with applications and never charges for access to it.