Startup India Seed Fund Scheme (SISFS)
A programme by TIDES, IIT Roorkee
Provides up to ₹ 20 lakh as a grant for validation of proof of concept, prototype development, and product trials, and up to ₹ 50 lakh of investment for market entry, commercialization, and scaling-up.
About Startup India Seed Fund Scheme (SISFS)
Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Sector focused: Social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles etc. Eligibility: Startup must have a business idea with market fit, viable commercialization, and scope of scaling. Startup should be using technology in its core product/service, business model, or distribution model. Startup should not have received more than ₹ 10 lakh of monetary support under any other Central or State Government scheme (excluding prize money, subsidized working space, founder allowance, access to labs/prototyping facilities). Shareholding by Indian promoters must be at least 51% at the time of application. An applicant can avail seed support in the form of grant and debt/convertible debentures each once. Duration: 365 days, 24*7 - All Round Year Scheme.
Where to apply
Other TIDES, IIT Roorkee programmes
- NEENVNEENV (Nurturing Entrepreneurship through Exposure to Next-Gen Ventures and Incubator Ecosystem) is an immersive startup and entrepreneurship orientation program designed to equip students with real-world insights into the innovation and startup ecosystem.
- SAKSHISAKSHI (Startup Acceleration and Knowledge Sharing Initiative) is a flagship program by TIDES, IIT Roorkee, designed to empower early-stage startups through focused knowledge sharing, expert-led panel discussions, and curated networking opportunities.
- ELDP ProgramThe ELDP Program helps the participants to develop the idea, work in teams and create a business plan for their startup.
- TIDES Ignition Program (TIP)The TIDES Ignition Program (TIP) is an ideation-stage workshop curated to support early-stage entrepreneurs who are ready to begin validating and developing their business ideas.
- TIDE 2.0 - GRANTProvides 4 grants of ₹ 7 Lakh for 1 year to applicants with an idea for validation and development.
- NIDHI SSS (Seed Support Scheme)Aims at providing financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization etc.
- NIDHI EIR (Entrepreneurs-in-Residence) ProgramIntroduced under NIDHI scheme to inspire best talents to be entrepreneurs, minimize risk, and partially set off opportunity costs of high paying jobs.
- NIDHI PRAYAS ProgramAims to give young and aspiring innovators prototype funding up to ₹ 10 lakhs to turn Proof-of-Concept into a prototype for a product that has potential for commercialization.
- TIDE 2.0 - EIRTIDE 2.0 will promote tech entrepreneurship through financial and technical support to incubators engaged in supporting ICT startups primarily engaged in using emerging technologies such as IoT, AI, Block-chain, Robotics etc. in pre-identified areas of societal relevance.
- IDEXEmpowers innovators and entrepreneurs to provide technologically cutting-edge solutions for modernising the Indian Military, stimulating innovation and technology development in the defence and aerospace sectors.
- ENGINEER INDIA LIMITED EIL EngSUIEncourages possible innovation, disruption, and technological breakthroughs in the oil & gas sector through the Startup India initiative by Engineers India Limited.
- HDFC BANK VENTURE CAPITAL PROGRAMAn exclusive opportunity designed to fast-track the growth of startups while receiving investment from HDFC, focusing on Agri-tech startups and allied sectors.
- HDFC BANK PARIVARTAN SMARTUP GRANTSLaunched in 2017, this program contributes towards social development in India by supporting emerging innovative startups working in the social space via incubators.
- BIRAC BioNESTA world-class bio-incubator facility at TIDES, supported by BIRAC, Government of India, providing a platform to facilitate unique ideas and technologies.