Startup India Seed Fund Scheme (SISFS)
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.
DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.
Objective of SISFS
Objective — Many innovative business ideas fail to take off due to the absence of this critical capital required at an early stage for proof of concept, prototype development, product trials, market entry and commercialization. Seed Fund offered to such promising cases can have a multiplier effect in validation of business ideas of many startups, leading to employment generation.
Financial Assistance Scope
Funding support under Startup India Seed Fund Scheme targets vital early-stage milestones:
Proof of Concept
Validation of innovative business ideas and feasibility analysis.
Prototype Development
Building minimum viable products (MVPs) and technical prototypes.
Product Trials
User testing, field trial runs, and product refinement.
Market Entry & Commercialization
Go-to-market scaling, customer acquisition, and business launch.
Apply via Startup India Seed Fund Portal
Startups can apply directly through the official Startup India portal for seed grant assistance through FIED IIM Kashipur.