NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University
Under NIDHI-SSS (Seed Support System) by RIIDL, Somaiya Vidyavihar University
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Quick Answer
Equity-based seed funding of ₹25,00,000 to ₹1,00,00,000 for startups incubated at riidl Somaiya Vidyavihar University, with a total corpus of ₹10 Crore.
- Funding amount
- ₹25 Lakhs – ₹1 Cr
- Funding type
- Equity
- Application deadline
- Closed
- Location
- Open to startups registered in India
Results & next round
Applications for this round closed on 30 November 2025. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by RIIDL, Somaiya Vidyavihar University. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this funding program
The National Initiative for Developing and Harnessing Innovations - Seed Support System (NIDHI-SSS) fund at riidl aims to ensure the timely availability of seed support to deserving startups within the incubator. This financial assistance is provided to enable startups to scale their venture to the next level, ultimately facilitating their success in the marketplace and helping them graduate to a level where they can raise investments from angel investors/VCs or seek loans from commercial banks. The fund has a total corpus of INR 10 Crore.
- Funding is provided through equity-based investment.
- The project duration is typically 12 months.
- The funds can be utilized for broad areas including product development, testing and trials, test marketing, mentoring, professional consultancy (e.g., attracting professors), IPR issues, and manpower for day-to-day operations.
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
riidl — Research Innovation Incubation Design Labs — is the incubator of Somaiya Vidyavihar University in Vidyavihar, Mumbai. It says it was born in 2010, when three of its founders proposed a space for turning ideas into things and the university's chancellor backed it. Today…
Learn moreBenefits & Funding
- Amount
- ₹25 Lakhs – ₹1 Cr
What You Get
Funds can be utilized for product development, testing and trials, test marketing, mentoring, professional consultancy, IPR issues, and manpower for day-to-day operations.
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
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 3
Submit on the official portal
Use the official application link and verify all details before final submission.
- 4
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What is the funding range?
₹25,00,000 to ₹1,00,00,000 per startup.
Is the funding a grant or equity?
It is equity-based investment, not a grant.
How long is the project duration?
Typically 12 months.
What are the key eligibility criteria?
The startup must be a registered company in India, have a minimum of 3 months residency at riidl, maintain at least 51% Indian promoter shareholding, and focus on product offerings/IP-rich ventures aligned with riidl's focus areas.
Sources
Data on this page is compiled from official program and provider references.
