Startup India Seed Fund Scheme (SISFS) at MIT TBI

MIT TBI says it is currently providing grant and soft loan support to selected startups under the Startup India Seed Fund Scheme, and names eleven startups it has funded under it. The scheme is meant to cover proof of concept, prototype development, product trials, market entry and commercialisation, so that a startup can then go on to raise from angel investors or venture funds or borrow from a bank.

What you get

• Grant and soft loan support for selected startups, in the incubator's own words.
• Backing aimed at proof of concept, prototype development, product trials, market entry and commercialisation.

Who can apply

• Eligibility is set by the national scheme, not by MIT TBI — the incubator publishes no criteria of its own, so read the rules on the scheme's own portal.
• The startups it has funded span education, clean technology, financial technology, food, agriculture, hardware and connected devices, so no sector is ruled out here.

How selection works: not described on any of the incubator's pages. It does not say who reviews applications or how support is released.

How to apply: applications go to the national Startup India seed fund portal, not to MIT TBI — you apply there and name MIT TBI as your incubator. Before you do, confirm with the team on info@mittbi.org that the scheme is still open at this incubator: the page describing it has not been updated in a long time and is not linked from the site's menu.