About the Program
The Startup India Seed Fund Scheme (SISFS), launched by DPIIT under the Startup India initiative with an outlay of INR 945 Crore, supports startups in proof of concept, prototype development, product trials, and market entry. The scheme aims to bridge the early-stage funding gap and strengthen startup ecosystems across Tier-II and Tier-III regions in India.
In 2021, Startup India and Invest India selected Atal Incubation Centre - BIMTECH under SISFS, allocating INR 5 Crore to provide financial assistance and incubation support. Over 8100+ startup applications were evaluated, supporting 61 promising startups through funding, mentorship, and ecosystem support.
₹945 Cr
Total Outlay
8100+
Applications Evaluated
₹5 Cr
AIC Allocation
61
Startups Supported
🚀 Initiative To Spur Entrepreneurship Across India
SISFS is designed to empower innovative startups by providing access to critical early-stage capital required for validating ideas and building scalable businesses. Our goal is to nurture a vibrant startup ecosystem across every corner of India, from Tier-II cities to rural hubs.
The scheme enables startups to:
- Develop Proof of Concept (PoC)
- Build prototypes and pilot solutions
- Conduct product trials
- Enter the market and commercialize innovations
- Scale impactful business solutions
Through a nationwide incubation network, SISFS aims to nurture innovation-driven entrepreneurship and accelerate startup growth across India, making innovation accessible to everyone, everywhere.
Features Of Startup India Seed Fund Scheme
Partners
Supported by Startup India - DPIIT, Ministry of Commerce & Industry
Eligibility
DPIIT-recognized startups incorporated within the last 2 years. Support limited to INR 10 Lakhs under other schemes.
Sectors
Sector Agnostic
Funding
Grant support up to INR 20 Lakhs, Investment support up to INR 50 Lakhs for commercialization and scaling.
Instrument
Compulsorily Convertible Debentures (CCDs)
Incubation Network
DPIIT-recognized incubators providing mentorship, infrastructure, and support.
Application Process
- Obtain DPIIT Recognition under the Startup India initiative.
- Register and create your profile on the SISFS portal.
- Apply to a DPIIT-recognized incubator aligned with your startup stage and sector.
- Submit your business details, innovation overview, and funding requirements.
- Shortlisted startups may be invited for evaluation and pitching sessions.
- Selected startups receive funding support and incubation assistance under SISFS.
Current Status
Stay updated for future funding cycles under Startup India Seed Fund Scheme.