Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization.
Social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles etc.
Up to 20 lakh as a grant for validation of proof of concept, prototype development, and product trials.
Up to 50 lakh of investment for market entry, commercialization, and scaling-up.
The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling
The startup should be using technology in its core product or service, business model, or distribution model, or methodology to solve the problem being targeted.
Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facilities.
Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
A startup applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme
365 days,24*7- All Round Year Scheme
Click here to apply