Startup India Seed Fund Scheme
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
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 the Department for Promotion of Industry and Internal Trade (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, as the startups in the smaller towns in India are often not provided with appropriate funding.
Features Of Startup India Seed Fund Scheme
- Lead Partners: Startup India - DPIIT, Ministry of Commerce and Industry Startups Evaluated
- Eligibility: A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application. Startups should not have received more than Rs. 10 lakh of monetary support under any other Central or State Government scheme.
- Investment Instrument: Compulsorily Convertible Debentures
- SECTORS: Sector Agnostic
Application Process
Create your account as a startup
Fill in all necessary details
Relax! We will start your process to get funding.
Startup Selection Process
