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.

  • Discounted Deal: 800,000+ INR discounted credit from Startup Mumbai with partner company to eligible startups.

  • Freebies: 500,000+ INR worth freebies from Startup Mumbai with partner company to eligible startups..

  • Development Support: 200,000+ INR credit from Startup Mumbai development partners as development credits to eligible startups..

  • Marketing Support: 100,000+ INR credit from Startup Mumbai marketing partners as marketing services to eligible startups..

  • Shopify Support: 200,000+ INR credit for development of your Shopify website to eligible startups..

  • Cloud Support: 150,000+ INR cloud credit to eligible startups.

    Covid-19 Support Package

    We understand this is a difficult time for the startup community. We will continue to help as the COVID-19 situation evolves just as we have continued to help our community for years. The measures in our coronavirus packages reflect our ongoing commitment to support startups through these challenging times.

    Startup Mumbai WhatsApp Group

    Join our curated WhatsApp group to get the latest updates from the startup ecosystem and exclusive partner event information on the go. Connect with local entrepreneurs, developers, and designers on the curated Whatsapp groups.

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      OTHER COVID-19 GRANTS & SUPPORT

      COVID-19 pandemic has impacted the entire economy and the startup ecosystem is no exception. A repository of resources for Indian startups solving challenges created by COVID-19

      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

      https://www.linkedin.com/posts/ilerifirat_we-will-be-investing-in-early-stage-startups-activity-6647533270466605056-Rs1D

      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

      Every month we’ll be reading a new book that offers inspiration, education, or entertainment for entrepreneurs. Every month the members of the Startup Mumbai – Entrepreneur Book Club get together to discuss a (business-related) book or an interesting topic.

      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

      http://www.ssipgujarat.in/soic/index.php

      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.

      LINK TO APPLY

      https://openroadalliance.org/covid-19/

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