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India
IndiaStartup India Seed Fund Scheme (SISFS)
Provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Aimed at enabling startups to graduate to a level where they can raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
Who can apply
DPIIT-recognized early-stage Indian startups incorporated for ≤2 years, with ≥51% Indian promoter shareholding, that use technology in their core offering and have not received >Rs 10 lakh in prior government monetary support.Perks & benefits
- Access to incubator infrastructure and facilities
- Mentorship and guidance from incubator support teams
- Sector-agnostic funding — open to all innovative sectors
- Milestone-based disbursement for grants
- Debt/convertible debentures with unsecured financing, no promoter guarantees required
- Incubator management fee of 5% ensures committed support
Key contacts
Sources
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