Startup India Seed Fund Scheme via ABLEST
A programme by SASTRA
ABLEST takes applications for the Startup India Seed Fund Scheme from DPIIT-recognised startups under two years old.
At a glance
| Best for | DPIIT-recognised startups incorporated no more than two years ago, with a technology-based business idea. |
|---|---|
| Stage | Idea – Prototype |
| Duration | Support is given in instalments against milestones, as set out in the scheme guidelines |
| Cost | Free |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
| Run with | Startup India Seed Fund Scheme, ABLEST |
About Startup India Seed Fund Scheme via ABLEST
ABLEST accepts applications for the Startup India Seed Fund Scheme. The scheme supports proof of concept, prototype development, product trials, market entry and commercialisation.
What you get
- Financial support for proof of concept, prototype development or product trials, paid in milestone-based instalments.
- Support for market entry, commercialisation or scaling up, given through convertible debentures.
Who can apply
- Startups recognised by DPIIT and incorporated no more than two years before application.
- Startups with a business idea for a product or service that has market fit, viable commercialisation and room to scale.
- Startups using technology in the core product or service, the business model, the distribution model or the method of delivery.
- Companies where Indian promoters hold at least 51% at the time of application.
How selection works: Applications go through the scheme's guidelines. Preference is given to innovative solutions in areas such as agriculture, healthcare, energy, education and water management.
How to apply: Email sisfs.ablest@sastra.ac.in, or call 04362 264101 (extension 2783).