Scale Up Your Start Up With Start-Up India Seed Fund Scheme

Your journey of seed fund starts here.

Supported Startup in SISFS

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.

This would enable 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.

Key Offerings

Seed Investment

Seed Investment up to 30 Lacs per Startup

Grant-in-Aid

Grant of up to 10 Lacs per Startup

Incubation Support

Incubation and acceleration support for 12 months

Customized Workshop

Dedicated customized mentoring workshops and capacity building sessions

External Funding

Follow-on investment support from the IIMUIC investment community

Networking Partners

Networking and pilot opportunities with partners

Eligibility Criteria

2 The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.

3The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.

4 Startup should not have received more than Rs 10 lakh 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 prototyping facility.

5 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 Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.

6 For Grant, preference would be given to startups creating innovative solutions in sectors such as social impact, quality education, clean and affordable energy, clean water and sanitation, zero hunger, good health and wellbeing, assistive technology, etc.

How To Apply

Apply directly on the portal 

For general inquiries on the scheme ,please write to us at incubation@iimu.ac.in

For detailed guidelines on the scheme

Scale Up Your
Startup With Startup
India Seed Fund Scheme

Your journey of seed fund starts here.
Complete the application to initiate the journey