Apply for Financial Assistance - Startup India Seed Fund Scheme
What is
Startup India Seed Fund Scheme?
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.
The Need For Startup India Seed Fund Scheme
Easy
availability of capital is essential for entrepreneurs at the early stages of
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 an innovative idea to conduct proof of concept trials.
Objective Of The Scheme
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.
Features Of Startup India Seed Fund Scheme
- Year-round ‘Call for Applications’ for Incubators and Startups
- Sector-agnostic
- No mandatory physical incubation
- PAN-India startup programme
- Startups can apply to 3 incubators simultaneously