Startup India Seed Fund Scheme via AIC IIITKottayam
A programme by AIC IIITKottayam Foundation
Government seed funding for DPIIT-recognised startups, applied for through the Start-up India portal and routed through this centre, which says it was selected under the scheme in 2021.
At a glance
| Best for | DPIIT-recognised startups incorporated under a period of two years at the time of application. |
|---|---|
| Stage | Idea – MVP |
| Cost | Free |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
| Run with | Government of India, through the Start-up India portal |
About Startup India Seed Fund Scheme via AIC IIITKottayam
The Startup India Seed Fund Scheme gives financial help to early startups for proof of concept, prototype development, product trials, market entry and commercialisation. The centre says it was selected as an incubator under the scheme in 2021.
What you get
- Financial assistance for the stages above, disbursed through selected incubators
Who can apply
- A startup recognised by DPIIT and incorporated under a period of two years at the time of application
- A business idea for a product or service with market fit and scope to scale
- Technology at the core of the product, business, distribution or methodology
- At least 51% Indian promoter shareholding at the time of application to the incubator
- Startups that have not received more than the scheme's limit of other central or state support
How selection works: applications are reviewed online, and applicants can choose up to three incubators in order of preference. Each incubator evaluates applications on need, feasibility, impact, novelty, team and fund utilisation plan, followed by a presentation.
How to apply: register and apply on the Start-up India portal. The call is open on an ongoing basis.