Magnetic Maharashtra Convergence Startup Award 2018 – Online Application

Published Date - 28 February 2018 02:11:45 Updated Date - 28 February 2018 02:12:47

To provide recognition to the start-ups in India, the Start up Award 2018 has launched. State government of Maharashtra will soon organise an event namely Magnetic Maharashtra Convergence 2018. Start up award will be given to the companies in this event. Start ups that are interested in this event can register their companies through online application.

The state government of Maharashtra is inviting the candidate to Magnetic Maharashtra Convergence 2018. The government will distribute Startup Awards under 30. This Award will be given to recognize the young entrepreneurs and also accelerate economic activities in the state. The interested start-ups can complete the online registration visiting the official website at midcindia.org.

Each participating startup must be registered in Maharashtra and annual turnover should be less than Rs. 25 crore in previous FY. Accordingly, selected start-ups will receive a cash prize of Rs. 50 lakh (1st), 30 lakh (2nd), 20 lakh (3rd). Accordingly, this will provide a great boost to the Maharashtra state level start-ups.

Maharashtra govt. will organize Global investors Summit from 18 February 2018 to 20 February 2018. Accordingly, interested and eligible startups can apply online through the official website before 7 February 2018.

                                              

Launch Details

Maharashtra state government has declared about the convergence on 29th Jan 2018, Monday. The event will soon take place. Interested start ups are required to register their companies before 7th Feb 2018. The convergence will take place during the Global Summit. Global Summit will start from 18th Feb and will last till 20th Feb 2018.

Magnetic Maharashtra Convergence 2018 – Highlights

  • Aim: Maharashtra Government if going to start this award to encourage and recognise start-ups in the state. Also this will boost up more economic and commercial activity in the state.
  • Beneficiaries: Young Entrepreneurs who are aged not more than 30 years will be eligible to participate in the convergence. This initiative has taken to provide appreciation to the young talent across the state. Also the turnover of the company must not exceed Rs. 25 Cr per year.
  • Prize money: In this award event, start-ups that will be selected by the authorities will receive cash award as well. First position will receive Rs. 50 Lac, 2nd position will get Rs. 30 Lac and finally Rs. 20 Lac will be given to the 3rd position holder.

Magnetic Maharashtra Convergence 2018 – Startup Awards Registration Procedure

Below is the complete procedure to make online registration:-

  • Firstly visit the official website midcindia.org
  • Subsequently on the homepage, click the “Start-Up Awards” which will elaborate it and then click the “Register” link.
  • Afterwards, candidates can click the “Register / Login” option in the header to open the Registration Form.
  • Henceforth, “Magnetic Start-up Award Registration Form” will appear
  • Finally start-ups will have to fill all the necessary details accurately and submit the registration form to complete the registration process.
  • Furthermore, candidates can take a printout of the completed application form and keep it for any future reference.
 

Accordingly, candidates can also directly click Magnetic Startup Awards 2018 to see details of Magnetic Maharashtra Convergence 2018 for Start-ups.

                                          

Eligibility Criteria for Magnetic Startup Awards 2018

Each startup must fulfill the following conditions to become eligible to participate in these startup awards 2018:-

  1. Every participating startup must be incorporated or registered in India.
  2. Maximum age of start-up must not exceed 7 years and 10 years for biotechnology.
  3. Annual turnover of the Startup must not exceed Rs. 25 crore for the previous FY.
  4. Each start-up must have their registered office in Maharashtra.
  5. Moreover, each participating start-up registered after 1 Sept. 2017 are NOT eligible.
  6. Age of the founder or Head of the Start-up must be below 30 years (as on 1 Jan 2018).
 

Prize Money & Last Date for Magnetic Start-Up Awards

Maharashtra govt. will provide these awards in order to boost the progress of startups in the state. The Last date to apply is 7 February 2018 and prize money is as follows:-

Position

Prize Money

First

Rs. 50 lakh

Second

Rs. 30 lakh

Third

Rs. 20 lakh

Maharashtra Global Investors Summit – Convergence 2018

Investors can also make online registration for Maharashtra Magnetic Convergence 2018 (Global investors Summit) using the link given below:-
Maharashtra Convergence 2018 – Investors Registration

Furthermore, candidates can also see the exhibition schedule for the Global Investors Summit through this link. This is a 3 day long event from 18 Feb to 20 Feb 2018.

 


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