Scholarship on the basis of
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+
|
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:
|
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.
Scholarship categories
Scholarship can be availed on more than 150+ programmes, ranging from Diploma Programmes to Post Graduation, offered by the University. Click here to View the Terms and Conditions.
FAQs
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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.
