UPES received a ₹5 crore grant under the NIDHI Inclusive Technology Business Incubator (i-TBI) programme of the Department of Science and Technology.
Under this programme, the Ignition Grant 2.0 gives early-stage innovators up to ₹10 lakh in equity-free funding for prototype development, proof of concept and minimum viable product validation, along with expert mentoring and access to Runway's facilities. Separately, exceptional ventures in each Runway cohort can receive a ₹1 lakh Runway Ignition Grant.
Early money without giving up equity.
