I-Venture @ ISB
About the program
The Startup India Seed Fund Scheme (SISFS) was launched to build a robust and sustainable Startup ecosystem across the country by providing seed funding, providing support in the implementation of ideas, and nurturing innovation. The main objective of the scheme is to provide financial assistance through seed funding to startups. Startup India seed fund scheme was launched by the Ministry of Commerce & Industry’s Department for Promotion of Industry and Internal Trade (DPIIT).
Eligibility
Recognition by DPIIT
Maximum 2 years from Incorporation
Innovation Focus
Indian startup
Process
SISFS 2023
FAQs
Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. The Seed Fund will be disbursed to selected startups through eligible incubators across India. Eligible startups can apply for the scheme on the Startup India portal.
The Startup Seed Fund Scheme provides seed funding to startups of non-metro cities that face difficulty in finding angel investors. This scheme helps new businesses create employment opportunities and promote the growth of the Indian economy.
No. This scheme is open to startups in all sectors. However, the startup must provide an innovative solution with a technology-driven product or service. Businesses involved in the following sectors, such as agriculture, biotechnology, defence, education, energy, financial inclusion, food processing, healthcare, mobility, oil and gas, etc., are preferred.
No, individual entrepreneurs are not eligible to apply for support under the scheme. Only DPIIT recognized startups could apply for the SISFS. To get DPIIT-recognized, please visit:
https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html.