Grant scheme

Startup India Seed Fund Scheme (SISFS), through FiiRE

A programme by FiiRE (Forum for Innovation Incubation Research)

FiiRE is a selected incubator under the DPIIT seed scheme, through which startups apply for proof-of-concept grants and later market-entry investment.

At a glance

Best forDPIIT-recognised startups under two years old that use technology in their core product
StageIdea – MVP
Grant supportFor selected startups. A place in the programme does not by itself guarantee a grant.
Run withDepartment for Promotion of Industry and Internal Trade (DPIIT)

About Startup India Seed Fund Scheme (SISFS), through FiiRE

The Startup India Seed Fund Scheme is a DPIIT scheme that works through selected incubators. FiiRE says it is one of them. A startup applies on the national SISFS portal and selects FiiRE Goa as its incubator. FiiRE's investments page marks its own programme as completed, but the scheme page still shows an apply button, so confirm the current position with FiiRE.

What you get

  • Grant support to validate a proof of concept, build a prototype or run product trials, paid in milestone-based instalments
  • Investment for market entry, commercialisation or scaling, through convertible debentures or debt and debt-linked instruments

Who can apply

  • DPIIT-recognised startups incorporated within the past two years
  • Indian promoters holding at least 51% when applying to the incubator
  • A business idea with market fit and scope to scale
  • Technology in the core product, service or model, with preference for biotechnology, healthcare and allied solutions
  • No more than a stated limit of earlier Central or State Government support
  • One scheme award per startup

How to apply: Apply on the national SISFS portal and select FiiRE Goa as the incubator.

Where to apply

Other FiiRE programmes

Everything about FiiRE