Startup India initiative - Startup Seed Funding

admin August 29, 2023

The Startup India initiative was launched on 16th January 2016, by the Hon’ble Prime Minister. The Prime Minister also unveiled an Action Plan consisting of 19 Action Points that act as a guiding document for the startup initiative. Since the inception of the initiative:
There are over 99000+ startups recognized by the government of India as of May 2023

49% of them having a base in Tier 2 - Tier 3 cities
These startups are spread over 669 districts from 36 States and Union Territories of India
As of 31st March 2023, India is home to 108 unicorns with a total valuation of $ 340.80 Bn. Out of the total number of unicorns, 44 unicorns with a total valuation of $ 93.00 Bn were born in 2021 and 21 unicorns with a total valuation of $ 26.99 Bn were born in 2022

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Startup India
Seed Fund Scheme

Financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization

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Startup India Seed Fund Scheme Launch

An Initiative To Spur Entrepreneurship Across India

The Need For Startup India Seed Fund Scheme

Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise.

Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants.

It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.

Objective Of The Scheme

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
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How Startup India Seed Fund Will Operate

The Seed Fund will be disbursed to eligible startups through eligible incubators across India
DPIIT

Department for Promotion of Industry and Internal Trade

Nodal Department
EAC

Experts Advisory Committee

Government Representatives & Industry Experts
Incubators

Govt assisted/Not-Govt assisted Incubators

Operational for atleast 2-3 years
Startups

DPIIT-recognised Startups

Incorporated less than 2 years ago

Features Of Startup India Seed Fund Scheme

Year-round ‘Call for Applications’ for Incubators and Startups
Sector-agnostic
No mandatory physical incubation
PAN-India startup programme
Startups can apply to 3 incubators simultaneously

Eligibility Criteria

For Startups
A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.
The startup must have a business idea
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For Incubators
Incubator should be operational for at least two years on the date of application to the scheme.
Incubator must have facilities to seat at least 25 individuals.
Incubator must have at least 5 startups undergoing incubation physically on the date of application
MORE DETAILS

Startup India Seed Fund Scheme Launch

The Startup India Seed Fund Scheme was launched by
Honourable Shri Piyush Goyal on 19th April 2021

Scale Up Your Startup With
Startup India Seed Fund Scheme

Your journey of seed fund starts here.
Complete the application to initiate the journey
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