Startup India Seed Fund Scheme (SISFS)

Empowering startups with financial assistance to scale their innovative solutions and reach new heights.

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Objective

The 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 to enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

Eligibility

Seed Fund Support

Seed Fund to an eligible startup by the incubator is disbursed as follows:

Application Process

An online call for applications is hosted on an ongoing basis on the Startup India portal. The application submission is entirely online, and no physical submission of documents is required. Startups have the option to apply to 3 different incubators according to their preference. The funding shall be provided by the incubator according to the startup's preference during application.

Evaluation, Selection of Applications and Closure of Incubation

Eligible applications shall be evaluated based on the following criteria:

Re-application

An applicant can apply to the SISFS again after 3 months of receiving a rejection. This buffer time ensures that the startup has worked on the feedback and is ready for re-consideration.