How much seed funding can a startup receive under this scheme?

Seed Funds 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 instalments. These milestones can be related to the development of prototypes, 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 grants and debt/convertible debentures each once as per the guidelines of the scheme

Can I apply for the scheme as an individual entrepreneur, or do I need a team?

No, individual entrepreneurs are not eligible to apply for support under the scheme. Only DPIIT-recognized startups can apply for the SISFS. To get DPIIT recognized, please visit here for more details

Are there any minimum education qualification criteria for founders to apply for SISFS?

There is no minimum education qualification required for founders to apply for SISFS

Startup India Seed Fund Scheme: Nurturing Early-Stage Startups with Financial Assistance Upto Rs. 50 Lakhs: Applications Open for Limited Time!

Apoorva

1 year ago

Startup India Seed Fund Scheme (SISFS) invites applications for Early-Stage Startups with Financial Assistance up to Rs. 50 Lakhs. Check the details now!

This Scheme focuses on the easy availability of capital is essential for entrepreneurs at the early stages of the growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with innovative ideas to conduct proof of concept trials.

DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market-entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.

Eligibility for StartUps and Incubators are given below!

Interested StartUps and Incubators can apply directly through this link