Sona Comstar-IIT Delhi Innovation Program (SCIDIP)
Run by FITT, IIT Delhi.
SCIDIP is a rolling-intake, in-person programme at FITT, IIT Delhi in Delhi, supporting mobility and deeptech ventures over 24 months. Grant-in-aid of up to Rs 80 Lakhs is released in tranches against milestones, with up to 30% on signing and about 5% on exit. The page states only that equity terms follow institute guidelines, without naming a percentage.
Investment
₹8,000,000 (Above South Asia median $24k · Above global median $61.3k)
Equity taken
Not disclosed
Duration
104 weeks (Longer than South Asia median 26 wks · Longer than global median 20 wks)