LPU Scholarship For Innovation, Startup & Entrepreneurship

Scholarship on the basis of
Innovation, Startup & Entrepreneurship

LPU offers a special scholarship scheme on performance in Innovation, Startup & Entrepreneurship. This scholarship is offered to students who would like to continue their pursuit of creative minds. This scholarship is primarily meant to inspire students to follow their dreams.

  • Scholarship will be awarded to the students based on achievements in the previous two years.
  • Students will be selected on the basis of their achievements at the international/national level.
  • Final recommendation for the policy will be given by the selection committee.
Scholarship based on Innovation, Startup & Entrepreneurship

Admission Criteria for awarding Innovation/ Start-up/ Entrepreneurship Scholarship (Table I)

Grade & Facilities Required Level of Achievement Affiliations
Grade A+
  1. 100% of program fee scholarship per academic session would be given subject to continuation achievement as per criteria attached below
Special Benefits:
  1. No Prospectus Fee
  2. No Examination Fee
  3. No LPU Nest Fee
International Achievement
{University Startup World Cup,
Citizen Entrepreneurship Competition,
Global Student Entrepreneur Awards,
Edison Awards,
Xylem Global Innovation Challenge,
Startup Wheel} or equivalent
IPR Granted International Level

Start-Up Revenue

Revenue > 8 Lakh Per Month
Or
Grant ≥ 10 Lakh
Or
Private Investment ≥ 10 Lakh
Event approved by Ministry
or
International Event in which minimum 5 countries participated
or
Hackathons (International), United nations all events, Hackerearth, Google – Code Jam, Google – Hash Code, Google – Kick start or equivalent subjected to recommendation from Committee.
Grade A
Scholarship on Programme Fee equivalent to Bracket I in elig. Qualification subject to continuation achievement as per criteria attached below 
Special Benefits:
  1. No Prospectus Fee
  2. No Examination Fee
  3. No LPU Nest Fee
National Award Winner
{National Technology Start-up Award (DST),
Innovation for India Awards (Startup India),
Women Startup Award (FICCI),
Global Student Entrepreneur Awards (National)} or equivalent
IPR Granted National Level

Start-Up Revenue
Revenue: 3 - 8 Lakh Per Month
Or
Grant: 5 – 10 Lakh
Or
Private Investment: 5 -10 Lakh
Event approved by Start-up India/Central Ministry, GOI
or
“Z” category company event (DCS list)
Or
Hackathons (National), NASSCOM TechVista, TCS Codevita or equivalent subjected to recommendation from Committee.
Grade B
Scholarship on Programme Fee equivalent to Bracket II in elig. Qualification subject to continuation achievement as per criteria attached below 
National Award Participation
{BZZwings (IIM Bangalore & NSRCEL),
UDHYAMI (IIT M)} or equivalent
IP Commercialised/Technology Transfer

Start-Up Revenue
Revenue: 1 – 3 Lakh Per Month
Or
Grant Upto 3 Lakh
Or
Private Investment Upto 5 lakh
Event approved by Start-up India/Central Ministry, GOI
Or
Code Gladiators, Code Wizards, Geek Goddess or equivalent subjected to recommendation from Committee.
Or
“A” category company event (DCS list)
Grade C
Scholarship on Programme Fee equivalent to Bracket III in elig. Qualification subject to continuation achievement as per criteria attached below
Zonal/State Award Winner {Tech-Start-up Program (AICRA), Bootcamp (Startup Punjab)} or equivalent IPR Published

Start-Up Revenue
50k – 1 lakh
Event approved by Start-up India/State & Central Ministry, GOI
Or
IIT Roorkee Young Coders Hackathon, CodeWars 2021 or equivalent subjected to recommendation from Committee.
Or
“B & C” category company event (DCS list)
Event Details of Innovation, Startup, Entrepreneurship & Hackathons Scholarship
Sr. No International Event
Govt. organized Event Cash Award Non Government but Recognized events Cash Award
1 1st Rank 50K 1st Rank As per announcement separately every year before the ceremony
2 2nd Rank 25K 2nd Rank
3 3rd Rank 20K 3rd Rank
Sr. No National Event
Govt. organized Event Cash Award Non Government but Recognized events Cash Award
1 1st Rank 20K 1st Rank As per announcement separately every year before the ceremony
2 2nd Rank 15K 2nd Rank
3 3rd Rank 10K 3rd Rank
Sr. No State/ Zonal Level
Govt. organized Event Cash Award Non Government but Recognized events Cash Award
1 1st Rank 10K 1st Rank As per announcement separately every year before the ceremony
2 2nd Rank 5K 2nd Rank
3 3rd Rank 3K 3rd Rank

Validity of Scholarship Policy:

The Scholarship Policy is valid for One Year only, continuation of Scholarship for the next session will be based on his/her scoring of 6 Marks out of 10 as per scholarship continuation criteria:

Marks Performance Criteria
4 Startup Launch (Annual Revenue of 50,000), International Achievement, SEED Fund
2 Prototype Development, Ministry of Corporate Affairs Registration
2 4 National Event Winner
2 DSW Activities

Benefits to Innovator/ Entrepreneurs

  • Academic benefits to be provided to students based on their achievements.
  • Attendance relaxation for Startups above TRL 6.
  • Academic relaxations for Startups registered under DPIIT.
  • Academic benefits for Innovative projects that can lead to IPR, Startup or Commercialization.
  • Scholarships based on achievements in the field of Innovation & Entrepreneurship.

Note

  • Student Should Be Provided Academic Benefits as Per the Approved Point of Academic Benefits Policy.
  • Highest achievement will be considered for Academic Benefit.
  • Marks obtained + Academic Benefits must exceed 100%.

Cash Prize (Honouring Ceremony)

  • Cash awards will be given for National or International achievers.
  • Highest Level of achievement will be awarded for multiple categories.
  • Proper channel is mandatory for applying for benefits.
  • Student accomplishment shall also be considered for honouring amount as per the above-mentioned Categories, after duly verified from coordinator of division and head of Wing.
  • Student shall not be considered for any honouring benefit under Intoxication/Drug Case.
  • Honouring is applicable as per the academic calendar.

Annexure

Click here to view list of programmes applicable for Innovation, Startup & Entrepreneurship.

FAQs

I am expecting to get around 60% marks. Will I get any scholarship?
LPU offers a variety of scholarships to support all deserving candidates. A candidate can get scholarship on the basis of one’s performance in LPUNEST or on the basis of other scholarship schemes offered by university like based on the score in qualification previous to eligibility qualification, performance in sports, cultural, R&D, co-curricular, social service, bravery awards or performance in national level tests like JEE (Main), NEET, UCEED, CAT, MAT, GATE, GPAT etc. For details visit Scholarship Schemes.
How can I apply for Merit Scholarships?
Merit Scholarships are applied for based on criteria such as academic performance, LPUNEST scores, work experience, and national-level test results. Check specific eligibility requirements for each category and submit your application accordingly.
What are the eligibility criteria for Merit Scholarships?
Eligibility criteria vary but may include academic qualifications, LPUNEST scores, work experience, and performance in tests like JEE (Mains), NEET, UCEED, CAT, MAT, GATE, GPAT, etc.
Is there a scholarship for MBA based on work experience?
Yes, there is a work experience-based scholarship for MBA. Eligibility is likely linked to relevant work experience.
How can I apply for scholarships based on Innovation, Startup & Entrepreneurship?
Scholarships in this category are granted based on innovative ideas, start-ups, and entrepreneurial initiatives. The application process may involve providing details about your innovation or start-up.