About the Scheme
The Startup India Seed Fund Scheme (SISFS) provides financial assistance to eligible startups for proof of concept, prototype development, product trials, market entry, and commercialization. It aims to bridge the funding gap for startups at the early stage, enabling them to grow and innovate.
Target Beneficiaries: 3,600 entrepreneurs through 300 incubators (DPIIT-recognised startups ≤2 years old) via ₹945 crore funding for proof of concept, prototype development, market entry, and commercialisation from 2021-2025
Implementing Agency: Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (through empanelled incubators)
Key Features
- Scheme corpus of INR 945 Crore managed by the Department for Promotion of Industry and Internal Trade (DPIIT).
- Funds disbursed through eligible incubators across India.
- Seed fund up to INR 20 Lakhs for validation of proof of concept, prototype development, or product trials.
- Seed fund up to INR 50 Lakhs for market entry, commercialization, or scaling up through convertible debentures or debt-linked instruments.
- Focus on innovative startups across various sectors.
- Aims to support 3,600 startups over 4 years.