Empowering Proof of Concept to Market Entry.
Providing financial assistance to startups for prototype development, product trials, and commercialization.
Why apply for SISFS?
DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of ₹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.
"It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years."
Proof of Concept
Validation of your core technology and business model.
Product Trials
Assistance with testing your product in real-world scenarios.
Market Entry
Strategic support to launch and commercialize your innovation.
Eligibility Criteria
A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
The startup should be using technology in its core product or service, to solve the problem being targeted.
Preference would be given to startups creating innovative solutions in social sectors (Social Impact, Waste/Water Management, Agriculture, etc.).
Startup should not have received more than Rs 10 lakhs of monetary support under any other Central or State Government scheme.
Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator.
A startup applicant can avail seed support in the form of grant and debt/convertible debentures as per the guidelines.
Official Application
Start your journey with the Startup India Seed Fund Scheme by applying through the official portal.
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