Startup India Seed Fund Scheme (SISFS)
A programme by IIM Lucknow Enterprise Incubation Centre
Provides financial assistance up to INR 50 Lacs to DPIIT-recognized startups for Proof of Concept, Prototype Development, Product Trials, Market Entry, and Commercialization.
About Startup India Seed Fund Scheme (SISFS)
Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs. Objective of fund is to provide financial assistance to startups for Proof of Concept, Prototype Development, Product Trials, Market Entry, and Commercialization. Eligibility: A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application and must be having technology in its core product or service, or business model. Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme. Shareholding by Indian promoters in the startup should be at least 51% at the time of application to incubator for the scheme. Fund Size: Upto INR 50 Lacs. Fund Instrument: Optional Convertible Debt.
Where to apply
Other IIM Lucknow Enterprise Incubation Centre programmes
- Startup InvestOpreneurA comprehensive online training program for Angel Investors.
- IIML Business AdvisorConsulting service arm providing services to Governments, PSUs, Corporates, MSMEs and Startups, including Corporate Venturing and assistance in setting up Corporate Venture Capital Funds.
- Goldman Sachs 10,000 Women ProgramA world-class business education program designed exclusively for women entrepreneurs to help scale their businesses.
- IIML-Venture FundA corpus of seed funds created by IIML-EIC for supporting early-stage incubated startups, providing SEED capital up to INR 25 Lacs.
- NIDHI Seed Support Program (NIDHI -SSS)Provides financial assistance up to INR 50 Lacs to start-ups with promising Ideas, Innovations, and Technologies under DST, Government of India.