- Details
- Benefits
- Eligibility
- Application Process
- Documents Required
- Frequently Asked Questions
- Sources And References
- Feedback
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Ministry Of Commerce And Industry
Startup India Seed Fund Scheme- For Startups
Details
Objective Of The Scheme:
Features:
Benefits
- Up to ₹20 Lakhs as a grant for validation of Proof of Concept, prototype development, or product trials. The grant shall be disbursed in milestone-based installments. These milestones can be related to the development of prototypes, product testing, building a product ready for market launch, etc.
- Up to ₹50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments.
- Seed funds shall strictly not be used by startups for the creation of any facilities and shall be utilized for the purpose it has been granted for.
Eligibility
- A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
- Startups must have a business idea to develop a product or a service with market fit, viable commercialization, and scope of scaling.
- A startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
- Preference would be given to startups creating innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defense, space, railways, oil and gas, textiles, etc.
- The startup should not have received more than ₹10 lakhs 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 a prototyping facility.
- 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 grants and debt/convertible debentures each once as per the guidelines of the scheme.
Application Process
Application Procedure:
Selection of Startups:
Documents Required
Frequently Asked Questions
What is Startup India Seed Fund Scheme?
Who can apply to SISFS?
How much seed funding can a startup receive under the scheme?
Can I apply for the scheme as an individual entrepreneur, or do I need a team?
Does the scheme support startups from specific sectors?
Are there any minimum education qualification criteria for founders to apply for SISFS?
Are there any exemptions to any of the eligibility criteria?
What is a DPIIT-recognized startup?
What all can I use the seed fund for?
How can I apply to SISFS?
Is the SISFS application process completely online?
Is there a fee for applying to this scheme?
Why is the application form allowing me to apply to 3 incubators?
How do I choose the incubators to apply to?
Is the information provided by me in the application form kept confidential?
Do I need to be physically present at an incubator’s’ premises to avail seed funds under this scheme?
Can I apply to the Startup India Seed Fund Scheme again after receiving a rejection?
Who is going to review my application?
How much time will it take for my application to get processed?
How can I track the status of my application?
I had filled an order of preference for incubators while applying. Can I change this preference order after application?
I need to hire a legal or financial consultant for my seed fund discussions with the incubator. Who will bear the cost of these services?
I have been selected for seed fund. Is it mandatory to sign a legal agreement with the incubator?
I had applied for a certain amount of seed fund, but the approved amount is lower/higher. Can I negotiate this?
Will my living expenses be borne if I want to be physically incubated at the incubator that is funding me?
How much time will it take for the first installment of the seed fund to be released to me?
Where can I receive the seed funds?
How often do I have to report back my progress after receiving seed fund?
I have been selected for seed fund, but I would not like to take the process forward. What do I do?
What if my startup fails after receiving the seed fund? Will there be any liability on me or my company?
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You're being redirected to an external website. By proceeding, your details will be shared with the relevant department.
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You have already submitted an application for this scheme. You may apply again only after 30 days i.e. after
It seems you have already initiated your application earlier.To know more please visit
Apply Now
Check Eligibility
Ministry Of Commerce And Industry
Startup India Seed Fund Scheme- For Startups
Objective Of The Scheme:
Features:
Share
News and Updates
No new news and updates available