DPIIT – Seed Fund Application
The Startup India Seed Fund Scheme (SISFS) is a flagship initiative by the Government of India to provide financial assistance to early-stage startups for proof of concept, prototype development.
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Benefits of Seed Fund Support
Equity-Free Grants: Receive up to âč20 lakhs for idea validation and prototype development.
Convertible Debt Funding: Get up to âč50 lakhs as debt or convertible debentures for market entry and commercialization.
No Repayment on Grants: Grant amount does not require equity dilution or repayment.
Incubator Support: Access to mentors, networks, and infrastructure through partner incubators.
Boosts Credibility: Government support increases startup visibility and investor confidence.
Eligibility Criteria
To apply for Seed Fund under SISFS, your startup must:
Be DPIIT-recognized at the time of application.
Have a business idea with innovative solutions, social impact, or a scalable business model.
Be in the prototype or pre-commercialization stage.
Have not received more than âč10 lakh in funding from other government schemes (excluding prize money, subsidized facilities, etc.).
Preferably be less than 2 years old (not mandatory but considered favorable by incubators).
Application Process
Eligibility Check
We assess your business and readiness for the Seed Fund Scheme.Pitch Deck & Proposal Preparation
Our team helps create a compelling pitch deck, business plan, and financial projections tailored to the schemeâs guidelines.Application Submission
We assist in applying through the Startup India Seed Fund portal, selecting the right incubator(s).Incubator Interaction
We prepare you for interviews or presentations to incubator screening committees.Grant/Funding Disbursement
Once selected, funding is disbursed in tranches through the incubator.
Documents Required
DPIIT Startup Recognition Certificate
Certificate of Incorporation
Pitch deck and business plan
Proof of concept (if available)
Financial projections
Details of founders and team
Bank account and PAN of the entity
Declaration regarding prior government funding
What Youâll Get
End-to-end assistance with Seed Fund application
Professional pitch deck & documentation support
Guidance on incubator selection and outreach
Preparation for interviews with selection committees
Follow-up support until grant/funding disbursement
Frequently Asked Questions
Yes, it is mandatory. The startup must have a valid DPIIT recognition at the time of application.
Up to âč20 lakhs as grant for proof of concept and âč50 lakhs as convertible debentures or debt for commercialization.
It typically takes 4â8 weeks, depending on the incubatorâs internal process and startup readiness.
The procedure for incorporating a company requires DSC & DIN for directors, a unique company name, filing of incorporation documents, and getting a company registration certificate.
Yes, you can apply to multiple incubators through the Startup India portal.
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