Maharashtra State Innovation Society
Maharashtra State Innovation Society is a Government of Maharashtra nodal agency that funds, incubates, and supports the state's startup and innovation ecosystem, operating programs like MITDF, Startup Week, and Startup Yatra.
- Company typePrivate
- Founded2017
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Maharashtra State Innovation Society does
Maharashtra State Innovation Society (MSInS) is a nodal government agency established under the Department of Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra, headquartered in Mumbai. Founded in 2017, MSInS serves as the state's central coordinator for innovation-driven entrepreneurship, operating a multi-program platform that supports early-stage and growth-stage startups, business incubators, women entrepreneurs, and government departments seeking innovative solutions. The society is chaired by the Chief Minister of Maharashtra (Devendra Fadnavis) and led by CEO Dr. Shrikant Patil, with governance involvement from an Additional Chief Secretary (IAS) and an Hon'ble Minister for the parent department.
MSInS does not operate a commercial revenue model. Instead, it functions as a state-funded catalyst, disbursing grants, work orders, and reimbursements. Its core offerings span several layers: (i) funding vehicles including the SEBI-registered Maharashtra Innovation and Technological Development Fund (MITDF) as a Category-I AIF, the Maharashtra Social Venture Fund, the Maharashtra Defence and Aerospace Fund, and the Ambedkar Special Package Scheme for SC/ST entrepreneurs; (ii) programmatic accelerators and competitions such as Maharashtra Startup Week (with work orders up to Rs 15 lakh), Maharashtra Grand Challenge (currently focused on the Fisheries Department), and Startup Yatra (a grassroots outreach covering 358 blocks across 36 districts); (iii) reimbursement schemes covering IPR filings (up to Rs 2 lakh domestic / Rs 10 lakh international) and 80% of quality testing costs up to Rs 2 lakh; and (iv) dedicated infrastructure including a network of 136 incubators and 44 accelerators, a women-focused incubator at SNDT Women's University, and a proposed Center of Excellence at ITI Govandi in partnership with HP.
The society's go-to-market is ecosystem-mediated rather than commercial: it partners with SIDBI for financial backing, AWS and Microsoft for technology credits, Indian Angel Network and Mumbai Angels for investment flow-through, and SINE IIT Bombay as a flagship incubator. Beyond startup support, MSInS is increasingly positioned as a regional development instrument, exemplified by the Viksit Nagpur 2047 Sustainable Development Plan, which projects Rs 5.25 lakh crore of investment and over 9 lakh jobs through partnerships with VNIT, IIM Nagpur, and the Wadhwani Foundation, and by a proposed rare earth metals innovation centre for Vidarbha. Ecosystem scale currently comprises 30,834 registered startups.
Maharashtra State Innovation Society firmographics
Firmographics- Name
- Maharashtra State Innovation Society
- Legal name
- Maharashtra State Innovation Society
- Website
- https://msins.in
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Maharashtra State Innovation Society is a Government of Maharashtra nodal agency that funds, incubates, and supports the state's startup and innovation ecosystem, operating programs like MITDF, Startup Week, and Startup Yatra.
- Ownership category
- akta.pro rank
Maharashtra State Innovation Society industry classification
Industry- Product category
- Government Innovation and Startup Ecosystem Services
- NAICS
- Public Administration (92), Executive, Legislative, and Other General Government Support (921), Grantmaking and Giving Services (81321), Public Finance Activities (92113)
- akta.pro primary industry
- Science, Technology & Innovation Administration (National R&D Policy) (BPAIAAAK)
- akta.pro secondary industries
- Trade, Industry & Economic Development Administration (BPAIAAAL), National Development Banks & State Development Finance Institutions (DFIs) (BPADACAC), State/Provincial Education Department Administration (BPAIABAJ)
Keywords
Where Maharashtra State Innovation Society is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Maharashtra State Innovation Society business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure, Others
Distribution channels4 records
Marketing channels9 records
Maharashtra State Innovation Society product offering
Product offeringCore offering
Maharashtra State Innovation Society is a nodal government agency that designs, funds, and implements support schemes for the state's startup and innovation ecosystem. It provides grants, reimbursements, venture capital funding via the SEBI-registered MITDF, incubation infrastructure, mentorship, IPR and quality testing reimbursement, accelerator competitions, and dedicated programs for women entrepreneurs, all funded through Government of Maharashtra allocations.
Product overview
Maharashtra State Innovation Society (MSInS) is a nodal government agency under the Department of Skills, Employment, Entrepreneurship and Innovation, Government of Maharashtra. It operates as a multi-program platform rather than a single product, offering a comprehensive suite of startup support services. The ecosystem includes 136 incubators, 44 accelerators, and over 30,000 registered startups. Core programs include the Maharashtra Startup Week (accelerator), Maharashtra Grand Challenge (problem-solving competitions), and Startup Yatra (grassroots innovation scouting). Financial support is provided through the SEBI-registered MITDF venture fund and various specialized funds including Social Venture Fund and Defence & Aerospace Fund. Direct assistance programs cover IPR filing reimbursement, quality testing/certification support, and incubation funding. The Women Entrepreneurship Cell provides dedicated support for women-led startups through specialized acceleration, mentorship, and a women-focused incubator at SNDT Women's University.
Differentiator
Problem solved
Functional benefit
Products and services
- Maharashtra Grand Challenge
- Quality Testing and Certification Scheme
- Incubation Program
- Maharashtra Social Venture Fund
- Maharashtra Defence and Aerospace Fund
- Bharat Ratna Dr. Babasaheb Ambedkar Special Package Scheme
- Maharashtra State Startup Week
- Maharashtra Startup Yatra
- Women Entrepreneurship Cell (WEC)
- IPR (Intellectual Property Rights) Scheme
- Maharashtra Innovation and Technological Development Fund (MITDF)
Quantifiable outcome
- 30,834 startups supported in ecosystem
- +4 more outcomes
Companies that use Maharashtra State Innovation Society
Customer profileSegments4 records
Ideal customer profiles4 records
Maharashtra State Innovation Society technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Maharashtra State Innovation Society partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- ATITHI FoundationminorMoU signed between MITRA and ATITHI Foundation for tourism knowledge-sharing and stakeholder partnerships within Maharashtra's tourism ecosystem.
- MITRA (Maharashtra Institution for Transformation)coreStrategic partner for Viksit Nagpur 2047 Sustainable Development Plan. MITRA presents transformation roadmaps for Nagpur division development.
- VNIT NagpurcoreMoU signed for research and institutional collaboration under Viksit Nagpur 2047 plan for defence, minerals, and green industry hub development.
- IIM NagpurcoreMoU signed for research and institutional collaboration under Viksit Nagpur 2047 sustainable development plan.
- Wadhwani FoundationcoreMoU signed for research and institutional collaboration under Viksit Nagpur 2047 plan.
- HP (Hewlett-Packard)corePartnership for establishing Center of Excellence (CoE) at ITI, Govandi. HP provides technology and support for skill development and startup incubation.
- 91springboardminorCo-working and incubation partner providing workspace for startups.
- SINE IIT BombaycoreTechnology business incubator at IIT Bombay, part of the state-wide network of 136 incubators.
- SNDT Women's UniversitycoreDedicated women-focused incubator partnership for Women Entrepreneurship Cell support.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Maharashtra State Innovation Society competitors and assessment
Company assessmentMarket position
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Maharashtra State Innovation Society social profiles
Digital presenceMaharashtra State Innovation Society financial estimates
Financial estimateRevenue estimate
Valuation estimate
Maharashtra State Innovation Society leadership team
Management profileNumber of profiles
Profiles8 records
Maharashtra State Innovation Society funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Maharashtra State Innovation Society M&A and investment
M&A and investmentM&A
Investments1 record
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Frequently asked questions about Maharashtra State Innovation Society
What does Maharashtra State Innovation Society do?
Maharashtra State Innovation Society is a nodal government agency that designs, funds, and implements support schemes for the state's startup and innovation ecosystem. It provides grants, reimbursements, venture capital funding via the SEBI-registered MITDF, incubation infrastructure, mentorship, IPR and quality testing reimbursement, accelerator competitions, and dedicated programs for women entrepreneurs, all funded through Government of Maharashtra allocations.
Is Maharashtra State Innovation Society a public or private company?
Maharashtra State Innovation Society is a private company. It is classified as state government owned and is currently operating.
When was Maharashtra State Innovation Society founded?
Maharashtra State Innovation Society was founded in 2017. It employs 11 to 50 people.
Where is Maharashtra State Innovation Society based?
Maharashtra State Innovation Society is headquartered in Mumbai, India, in the Asia region.
Does Maharashtra State Innovation Society have an API?
No public API is recorded for Maharashtra State Innovation Society.
What industry is Maharashtra State Innovation Society in?
Maharashtra State Innovation Society's product category is Government Innovation and Startup Ecosystem Services. Its primary akta.pro industry code is BPAIAAAK, Science, Technology & Innovation Administration (National R&D Policy), with a secondary code of BPAIAAAL, Trade, Industry & Economic Development Administration. Its NAICS code is 92.