SISF
SCHEME
Startup India Seed Fund Scheme (SISFS)
AIC BIMTECH is the recognised Incubation Partner for SISF, Govt. of India that gives Financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
Features Of Startup India Seed Fund Scheme
- Lead Partners: Startup India - DPIIT, Ministry of Commerce and Industry
- Eligibility: Startup recognized by DPIIT, incorporated not more than 2 years ago
- No prior funding more than Rs. 10 lakh from any Central/State Government scheme
- Investment Instrument: Compulsorily Convertible Debentures
- Sector Agnostic
Initiative To Spur Entrepreneurship Across India
Startup India and Invest India selected Atal Incubation Centre- BIMTECH for the Startup India Seed Fund Scheme. Under this scheme, AIC-BIMTECH has been allocated 5 crores for financial assistance to early-stage startups.
The Startup India Seed Fund Scheme, launched by DPIIT with an Rs. 945 Crore outlay, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. It is expected to aid in the development of a robust startup ecosystem in Tier 2 and 3 regions.
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