Startup India Seed Fund Scheme (SISFS)
A programme by Karnavati Innovation and Incubation Foundation (KIIF) (Karnavati Innovation and Incubation Foundation)
KIIF implements the Startup India Seed Fund Scheme (SISFS), offering up to ₹20 Lakhs as a grant for PoC, prototype development, or product trials, and up to ₹50 Lakhs as an investment for scaling and commercialization.
About Startup India Seed Fund Scheme (SISFS)
The Startup India Seed Fund Scheme (SISFS) is an initiative by the Government of India to strengthen the startup ecosystem by funding early-stage startups for: Proof of Concept (PoC), Prototype Development, Product Trials, Market Entry & Commercialization. The Department for Promotion of Industry and Internal Trade (DPIIT) has allocated ₹945 Crore for this scheme, aiming to support 3,600 startups through 300 incubators over 4 years. Eligibility Criteria: Recognized by DPIIT and incorporated less than 2 years; A viable business idea with potential for commercialization and scalability; Must be tech-driven (technology-based product, service, or business model); At least 51% Indian shareholding (as per Companies Act, 2013 & SEBI Regulations, 2018). Funding Support: Up to ₹20 Lakhs as a grant for PoC, prototype development, or product trials; Up to ₹50 Lakhs as an investment (convertible debentures/debt instruments) for scaling and commercialization. Startups can avail both grant and investment support once as per scheme guidelines.
Where to apply
Other KIIF programmes
- WEnnovate ProgramThe WEnnovate Program is a flagship initiative dedicated to nurturing and accelerating women-led startups in India.
- Gen-Next Support for Innovative Startups (GENESIS)KIIF provides access to GENESIS program by MeitY, which offers funding for early-stage startups, pilot funding, and deep-tech startups.
- Student Startup and Innovation Policy (SSIP) – Govt. of GujaratKIIF provides access to the Student Startup and Innovation Policy (SSIP) by the Government of Gujarat, offering eligible innovators ₹2.5 Lakhs in funding and an additional ₹50,000 for IP support.
- Start-up Gujarat Policy or Gujarat Industrial Policy 2020KIIF provides access to the Start-up Gujarat Policy, offering Seed Support up to ₹30 Lakhs, Sustenance Allowance, Soft Skills Training, and additional funds for Social-Impact Startups and Acceleration Programs.
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