Startup India Seed Fund Scheme (SISFS)
The Startup India Seed Fund Scheme (SISFS) provides crucial early-stage funding to startups, facilitating proof of concept, prototype development, and market entry. By bridging the gap between innovative ideas and investor readiness, SISFS empowers startups to attract angel investors, venture capitalists, or secure loans from banks. Administered through eligible incubators nationwide, the fund accelerates the growth and success of promising startups across India.
Requirements
In India’s startup ecosystem, a lack of capital in the seed and proof of concept stages poses a significant challenge. This crucial funding gap often determines the success or failure of promising business ideas, hindering innovation and job creation. By providing seed funding for proof of concept, prototype development, and market entry, the Seed Fund has the potential to validate numerous business ideas, fostering growth and employment opportunities.
Startup India Seed Fund Scheme’s eligibility criteria for startups:
- Recognized by DPIIT, incorporated within 2 years of application
- Must have a viable business idea with potential for scaling
- Utilizes technology in core product, service, or business model
- Preference for innovative solutions in sectors like social impact, healthcare, energy, etc.
- Received ≤Rs 10 lakh from other govt. schemes, excluding prize money, subsidies, etc.
- Indian promoters hold ≥51% shareholding
- Each startup eligible for seed support once as per scheme guidelines.
Apply or Learn more about scheme
IIIT Bangalore Innovation Centre 26/C, Hosur Rd, Electronics City Phase 1, Electronic City, Bengaluru, Karnataka 560100
For further queries, Contact Incubation Manager: manager-incubation@iiitb.ac.in | Phone: 080 41407777