POC Support Program
Rapid launchpad for UG students to validate ideas, conduct market research, and build first functional prototypes with ₹30,000 in non-dilutive grant funding.
Eligibility
Who Can Apply
- UG students currently enrolled at IIT Bombay
- Minimum 1 semester remaining at time of application
- Team size: 1–4 members (all must be current IITB students — no external members)
- All disciplines welcome — open theme
- IP ownership compliance required (signed undertaking at application)
- Faculty advisor confirmation optional but recommended
Application Process
Applications are rolling year-round — no single annual deadline. Evaluations are conducted in periodic cycles (monthly or quarterly). Submit via the Accubate portal. An automatic acknowledgment email with an application ID is sent upon submission. The team conducts an initial completeness check within 3–5 business days. Incomplete applications are returned once for correction.
Required Documents
- Team Registration Form — All member details, roles, LDAP IDs
- Project Proposal — Max 2 pages — problem statement, solution, projected impact, target users, expected outcomes, metrics
- Budget Breakdown — ₹30,000 allocation across allowable categories
- Faculty Advisor Confirmation — Optional but strongly recommended
✓ Allowable & ✗ Not Allowable Expenses
Allowed
- Travel expenses (receipts required)
- Consumables / materials (invoices required)
- Software services (pre-approval required)
- Prototyping costs (pre-approval required)
- Any other expenses with prior approval
Not Allowed
- Capital equipment exceeding ₹5,000
- Office furniture or infrastructure
- Personal gadgets
- Food, hospitality, or gifts
- Full-time staff salaries
- Travel beyond approved rates
Funding & Disbursement
Total Grant
₹30,000
Fixed non-dilutive grant per team
Tranche 1
50% (₹15,000)
Disbursed upfront at M1 kickoff
Tranche 2
50% (₹15,000)
Released after M3 live demo to reps
Reimbursement model — teams submit invoices/receipts + expense form to the Program Manager. Disbursed via IITB ERP.
Milestone Schedule
Kickoff
Weeks 1–4
- Budget finalized across allowable categories
- Team roles defined
- Faculty advisor confirmed (optional but recommended)
Mid-term Review
Month 2–4
- 50% of planned activities completed
- Prototype progress demonstrated
- Expense report submitted to Program Manager
Closure & Demo
Month 5–6
- 100% activities completed
- Live demo to Groww Foundation representatives
- Final report submitted
- Impact documentation prepared
Ready to Build Your Proof-of-Concept?
Applications are rolling year-round. Submit your proposal on the Accubate portal today.