EXIM Bank – SINE Seed Fund Programme
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Quick Answer
A joint initiative by EXIM Bank and SINE, IIT Bombay, offering equity investment of ₹50 lakh to ₹1 crore and incubation support to Indian startups with global market potential.
- Funding amount
- ₹50L – ₹1Cr
- Funding type
- Equity
- Provider
- SINE, IIT Bombay
- Application deadline
- 28d — 30 Nov 2026
- Location
- Open to startups registered in India
- Registrations needed
- DPIIT recognition, Private Limited company registration
About this funding program
The EXIM Bank – SINE Seed Fund Programme is a strategic collaboration between the Society for Innovation & Entrepreneurship (SINE) at IIT Bombay and India Exim Bank, aimed at bolstering the growth of Indian startups. This program operates under EXIM Bank's broader Ubharte Sitaare Programme, focusing on identifying and nurturing innovative companies that possess significant potential to develop products and services for global markets. The initiative provides crucial early-stage investment and comprehensive support to help these startups not only develop their offerings but also successfully scale their operations and achieve international export visibility. By leveraging the deep expertise of SINE in startup incubation and EXIM Bank's financial prowess and focus on international trade, the programme seeks to create a robust pipeline of Indian enterprises capable of competing on a global stage and contributing to India's export economy. It's designed for companies ready to leverage incubation support to refine their strategies, access mentorship, and secure the necessary capital to penetrate international markets.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
The Society for Innovation and Entrepreneurship (SINE) is the technology business incubator at IIT Bombay, based on the fifth floor of the RBTIC Building on the Powai campus in Mumbai. Formed as a society in 2004, it is recognised by the Department of Science and Technology as a…
Learn moreBenefits & Funding
- Amount
- ₹50L – ₹1Cr
What You Get
Selected startups will receive equity or equity-like investment ranging from ₹50 lakh to ₹1 crore from EXIM Bank, disbursed in tranches or as a lump sum, with later tranches typically linked to key milestones. This significant capital infusion is designed to fuel product development, market entry, and scaling efforts. Beyond financial support, the program offers comprehensive incubation at SINE IIT Bombay, providing a fertile ground for growth including access to state-of-the-art facilities and a vibrant ecosystem. Participants benefit from mentorship from industry veterans and subject matter experts who guide them through strategic challenges and market complexities. Startups also gain invaluable investor, corporate, and industry connections, facilitating future funding rounds, strategic partnerships, and market access. Dedicated value creation support further assists companies in optimizing their business models, enhancing operational efficiency, and building a strong foundation for sustainable global expansion.
- Disbursement
- Tranched
Timelines & Process
Selection Process
Applications undergo a sanity check and evaluation by the SINE Portfolio-Investment team. Shortlisted applications are then reviewed by the Investment Committee for Seed Support; EXIM Bank may observe this process. The final approval for investment is granted by EXIM Bank's competent authority. Export potential is a core selection criterion throughout the evaluation.
Application Process
- 1
Apply Online
Complete the detailed application form and upload all required documents via SINE's portal.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
Who provides the funding?
EXIM Bank invests directly in the startups, holding the equity. SINE, IIT Bombay, acts as the implementing partner, responsible for sourcing, screening, and monitoring the startups, without investing its own capital.
What is the funding amount and instrument?
Funding ranges from ₹50 lakh to ₹1 crore, provided as equity or equity-like investment. The exact amount is decided by the Investment Committee, and it can be disbursed as a lump sum or in tranches, with later tranches linked to specific milestones.
How is valuation determined?
Valuation is typically based on the startup's financials and may be supported by a certificate from a certified valuer.
What is the timeline for fund disbursement after approval?
From the point of approval, it usually takes between 60 to 120 days to complete due diligence and satisfy conditions precedent. Funds are then released within 30 days following the execution of the necessary transaction documents, such as the Shareholders Agreement (SHA) and Share Subscription Agreement (SSA).
Is there a specific deadline for applications?
While a deadline of November 30, 2026, is stated, applications are also invited on a rolling basis through SINE's portal, indicating continuous acceptance and evaluation within the application window.
What is the review process?
Applications first undergo a sanity check and evaluation by the SINE Portfolio-Investment team. Shortlisted applications are then reviewed by the Investment Committee for Seed Support, with EXIM Bank representatives potentially observing. Final approval rests with EXIM Bank's competent authority.
What role does export potential play?
Export potential is a core selection criterion, aligning with the program's objective to support Indian startups building for global markets.
Are non-Indian startups eligible?
No, startups registered outside India are not eligible to apply.
What kind of support is provided post-investment?
Post-investment, there is periodic monitoring (quarterly/half-yearly/annually), with requirements for progress reports and audited financials. SINE also provides mentorship on go-to-market strategies, customer acquisition, scale-up, and follow-on fundraising.
Do I need to be incubated at SINE to apply?
No, you can apply if you are willing to get incubated at SINE. However, if selected, you will need to complete SINE's incubation process according to their general terms before the EXIM Bank investment can be made.
What are the minimum shareholding requirements?
The applicant startup must have at least 51% Indian shareholding.
What is the maximum equity EXIM Bank will take?
In general, the post-investment shareholding of EXIM Bank in an individual startup will not exceed 10%.
Sources
Data on this page is compiled from official program and provider references.
