NIDHI Seed Support Scheme (NIDHI-SSS) aims at providing financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization etc.
All science disciplines
Funding Support: Support upto Rs 50 lakhs per start-up as Seed Support under NIDHI-SSS. Equity as the mode of investing into start- ups.
Pan India program support considering “Virtual” incubation.
Technical Lab Support
The sole objective of the NIDHI-SSS is to ensure timely availability of the seed support to the deserving incubatee startups within an incubator, thereby enabling them to take their venture to next level and facilitate towards their success in the market place.
Incubatee should be a registered company in India with minimum of three months of residency at the STEP/TBIs.
Incubatee has to be an Indian start-up. This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
The share-holding by Indian promoters in the incubate start up should be at least 51%.