Startup India
Seed Fund Scheme
Government Grants and investments to help Indian business for proof of concept, prototype development, product trials, market entry, and commercialization
Seed Fund
Funding Your Startup Journey
New startups struggle to get funding for their initial ideas. SISFS helps by providing grants for concept testing, prototypes, and launch, making it easier for them to reach investors and banks.
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Ms. Nikkitha Shanker, Co-founder and Chief Executive Officer of Shoppre, secured a debt financing of INR 50 lakh under the Government of India's Startup India Seed Fund Scheme within a two-month period.
Nikkitha Shanker
Co-founder & CEO, Shoppre
Precast India Connections, founded May 2023, invented a cost-effective, fast, and high-quality precast connection called PIC using GI pipes and HDPE plastic. Funded with an INR 20 lakh grant, PIC has already proven successful in construction projects.
ER kapilesh bhate
Founder & CEO, PIC
Diamond Cashew's Director, Manivannan Danavinodha, receives 3-year tax benefits under the Tax Exemption Certificate (Section 80-IAC) within 120 days.
Manivannan Danavinodha
Director, Diamond Cashew
I'm very impressed with Abtik's team. They secured a crucial INR 1.5CR CGTMSE loan for my company by expertly handling the presentation, documents, and finding the perfect bank. Thanks for the ongoing support, Abtik!
Bhau Sawant
Director, Raksha Security Services
Sankalp Industry is thrilled to announce that thanks to the incredible support of the Abtik team, they have been approved for an INR 11 lakh PMEGP loan. This wouldn't have been possible without Abtik's guidance and unwavering assistance throughout the application process.
Sudhir Kumar
Director, Sankalp Industries
Eligibility Criteria
- Startups must be incorporated as a Private Limited Company or LLP.
- Startups should have been established for a period of less than 2 years.
- Registration under the Government-Startup India Scheme is a requirement for eligibility.
- The product or service offered by the startup should demonstrate potential for commercialization, market fit, scalability and employment generation.
- Startups should not have received funding exceeding Rs 10 lakh from any other Central or State Government initiative.
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FAQs
Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Eligible startups can apply for the scheme on the Startup India portal. The Seed Fund will be disbursed to selected startups through eligible incubators across India.
A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application is invited to apply for the scheme.
Seed Fund to an eligible startup by the incubator shall be disbursed as follows:
- Up to Rs. 20 Lakhs as grant for validation of Proof of Concept, or prototype development, or product trials. The grant shall be disbursed in milestone-based installments. These milestones can be related to development of prototype, product testing, building a product ready for market launch, etc.
- Up to Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments
- 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