MCL Seed Grant 2026

The MCL Seed Grant 2026 is run under the CSR programme of Mahanadi Coalfields Limited (MCL) and is managed by the Foundation for Technology & Business Incubation (FTBI) at NIT Rourkela. The grant supports early-stage startups working on innovative technologies, particularly those with long development timelines and strong potential for social impact. It offers financial assistance to help ventures move forward with product development, market entry, and growth within an incubation environment.

The funding serves as seed capital for startups that need early financial support to test ideas, build prototypes, and expand their operations. The initiative focuses on technological innovation and social benefit, aiming to help entrepreneurs tackle pressing societal issues and support economic progress. The partnership between MCL and FTBI reflects a shared effort to strengthen the startup ecosystem and advance technological development in India.

• Step 1: Submission of Application – Fill in and send the online application form through the provided Google Forms link.
• Step 2: Assembly of Documents – Gather all required paperwork, such as the company’s audited annual statements and a detailed business plan. The plan must cover the full concept, any funding previously obtained from any source, projected cash flow for the coming three years, and a clear rationale for the requested seed capital.
• Step 3: Incubation Agreement – Confirm that a validly executed incubation agreement with FTBI NIT Rourkela is in place, since this is a compulsory condition for eligibility.
• Step 4: Evaluation and Shortlisting – The selection committee will assess each application against the submitted documents and business plan. Those shortlisted might be called for additional discussions or presentations.
• Step 5: Release of Funds – After final selection, the grant is paid out to the successful startups.

A selection committee made up of experts from MCL and FTBI NIT Rourkela will evaluate applications for the MCL Seed Grant. The assessment will centre on the originality of the technology, its potential for social impact, the soundness of the business plan, and financial documentation such as audited annual statements and details of prior funding. Preference will go to startups that clearly justify the seed capital requested and show a clear path of growth. Shortlisted candidates might be asked to present their business plan or attend an interview to allow the committee to gauge their vision and ability to execute.