Are you a startup founder ?
Want to start your own startup but are you worried about it ?
If you lack funds, the government is willing to fund you.
Startup India Seed Fund Scheme (SISFS)
The Startup India Seed Fund Scheme is a government initiative that helps new startups with early-stage funding. The scheme supports startups in building their ideas into real products and growing their businesses. It is especially useful for startups that need money for prototype development, testing, market entry, and commercialization.
Benefits
*Up to ₹20 lakhs for product testing and prototype development (non refundable)
*Up to ₹50 lakhs for business growth and market launch. (debt for 5 years)
*Funds can only be used for startup development, not for buildings or offices.
Eligibility
*Startups must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
*The startup should be less than 2 years old.
*Business ideas should be innovative and scalable.
*Concept & prototype ready to present.
*Indian founders must own at least 51% of the startup.
*The startup should not have received over ₹10 lakhs from other government schemes.
- How to apply
- *Register your startup under Startup India
- *Get DPIIT recognition certificate
- *Visit the official Seed Fund portal
- *Choose an incubator and fill the application form
- *Upload pitch deck, company documents, prototype details, and business plan
- *Submit application and attend pitch/interview if shortlisted
- *Selected startups receive grant or seed funding through incubators
