COVID 19 SUPPORT
India, the world’s second-most populous country, which has been under a nationwide lockdown
since March 25, has recorded over 4,00,000+ active cases of Covid-19 infections
and 13000+ deaths as of 21st June 2020, according to government data.
The world of work is being profoundly affected by the global virus pandemic. The crisis has already transformed into an economic and labor market shock, impacting all businesses regardless of their size. During this difficult time, it is important that jobs are preserved, enterprises remain sustainable, workers and their families affected are protected, in particular the most vulnerable, and those in the Indian economy.
Startup Mumbai has been monitoring and collecting key information resources available on the functioning of enterprises in the crisis, including its impact on startups, responses by startups, and government policy measures to support affected startups. These briefs will be published regularly to provide updated information on actions taken to support startups.
Startup Mumbai WhatsApp Group
OTHER COVID-19 GRANTS & SUPPORT
SIDBI SAFE PLUS
TICKET SIZE
INR 1 Crore
TYPE
Loan
DETAILS
To provide emergency working capital to MSMEs which are producing goods and services directly related to fighting coronavirus, against specific orders form the government/government agencies.
LINK TO APPLY
https://sidbi.in/files/banners/SAFE%20PLus%20-%20One%20Pager.pdf
DEADLINE TO APPLY
30th September 2020
Hummingbird Ventures
TICKET SIZE
Varies
TYPE
Equity
DETAILS
Hummingway Ventures will be investing in early-stage startups focusing on solutions for the current COVID-19 crisis (Prevention, Diagnostics, Therapeutics, Remote tech, and more). As time is of the essence, they can write checks within 24 hours over video calls.
LINK TO APPLY
SIDBI – COVID-19 Startup Assistance Scheme
TICKET SIZE
Upto 2 CR
TYPE
Loan
DETAILS
TSIDBI introduces a scheme for financial assistance to startups to take care of liquidity problems on account of COVID-19. To provide support to the Govt of India defined startups who have got at least one round of funding through VC funds and whose cash flow and liquidity have been adversely impacted by the COVID-19 pandemic. The assistance can be used for various working capital/ requirements like salaries/wages, rent, administrative expenses, payment to vendors, etc. The loan may also be considered against an outstanding GST refund.
LINK TO APPLY
http://sidbivcf.in/en/csas
Entrepreneur Book Club
Millennium Alliance Covid-19 Innovation Grand Challenge
TICKET SIZE
INR 10 crores
TYPE
Grants
DETAILS
LINK TO APPLY
http://www.millenniumalliance.in/covid19.aspx
DEADLINE TO APPLY
3rd May 2020
Student Startup Innovation Policy (SSIP) – Govt. of Gujarat
TICKET SIZE
INR 2 Lakhs
TYPE
Grants
DETAILS
Student Open Innovation Challenge – The intent and spirit of the current edition of the Student Open Innovation Challenge, COVID-19 is to virtually engage with all students, innovators and start-ups from Gujarat to ideate, conceptualize and implement sustainable solutions to enable our communities to adequately respond to the most pressing health, social and economic challenges of the pandemic.
LINK TO APPLY
Open Road Alliance
TICKET SIZE
$100,000
TYPE
Loan
DETAILS
In this time of uncertainty, nonprofits and social enterprises are being hit hard. Many of you have reached out to Open Road directly to share how COVID-19 is already impacting your organization and work.
The effect of the COVID-19 pandemic on the impact sector has reached natural disaster proportions in its scope and scale, which means that the global need for our ‘emergency’ capital vastly outstrips our available resources. Given this reality, we have decided to use our limited resources to best serve the sector under the following circumstances:
1. Charitable Grants:
2. Loans
We only make a loan or grant to an organization that is (1) otherwise fully funded, then (2) hit an unexpected, external roadblock (i.e., COVID-19), where (3) Open Road’s loan can fully solve the problem at hand and (4) demonstrate the potential to create catalytic impact. In this time of exceptional need, we will be prioritizing impact.