SIDBI Seed Fund Program - IIML EIC
Under SIDBI Seed Fund by IIM Lucknow Enterprise Incubation Centre
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Quick Answer
IIM Lucknow Enterprise Incubation Centre (IIML EIC) and SIDBI invite DeepTech startups for equity-based funding up to ₹50 lakhs, coupled with robust incubation and ecosystem support.
- Funding amount
- Up to ₹50 Lakhs
- Funding type
- Equity
- Application deadline
- Closed
- Location
- Open to startups registered in India
Results & next round
Applications for this round closed on 30 June 2026. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by IIM Lucknow Enterprise Incubation Centre. Official links are listed under Sources below.
We update this page when results are published, and when the next round opens.
About this funding program
The SIDBI Seed Fund Program at IIM Lucknow Enterprise Incubation Centre (IIML EIC) is a crucial initiative designed to bolster India's burgeoning DeepTech startup ecosystem. In partnership with the Small Industries Development Bank of India (SIDBI), this program aims to provide timely seed capital to promising DeepTech ventures, enabling them to overcome initial financial hurdles, accelerate product development, and scale their businesses effectively. This strategic collaboration leverages IIML EIC's deep incubation expertise and SIDBI's financial muscle to identify, nurture, and propel startups in critical emerging technology sectors. The program is committed to fostering innovation and market expansion for startups that are developing cutting-edge solutions.
DeepTech startups often face longer gestation periods and higher R&D costs compared to other sectors. This seed fund addresses these specific challenges by offering not just financial backing but also a comprehensive support system that includes mentorship, strategic guidance, access to advanced lab infrastructure, and critical business support services. By participating, startups gain a significant advantage through IIML EIC's curated ecosystem, designed to provide a fertile ground for innovation and successful market entry.
Eligibility
See if you're eligible
Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Funding providers
IIM Lucknow Enterprise Incubation Centre, usually written IIML EIC, is the incubator set up by IIM Lucknow at its Noida campus in Sector 62. It is a registered Section 8 not-for-profit company, and it says it is supported by NSTEDB at the Department of Science & Technology,…
Learn moreBenefits & Funding
- Amount
- Up to ₹50 Lakhs
What You Get
This program offers equity-based funding up to ₹50 lakhs to selected DeepTech startups. Beyond capital, participants receive comprehensive incubation support from IIML EIC's vibrant ecosystem, including one-on-one mentorship from industry experts and IIML faculty, extensive networking opportunities with investors and peers, and strategic guidance to navigate market challenges. Startups will also benefit from a curated startup toolkit, specialized help desk support for legal, IPR, and financial matters, and invaluable access to advanced facilities like supercomputers, IoT labs, and 3D printing labs, alongside corporate engagement support.
- Disbursement
- Tranched
Timelines & Process
Selection Process
Applications are rigorously evaluated by a panel comprising experts from IIML EIC, SIDBI, and industry specialists. The selection process involves multiple stages, beginning with an initial screening to ensure eligibility and assess the innovative potential of the DeepTech solution. This is followed by a deeper dive into the startup's technology, market viability, team strength, and business model. Shortlisted candidates may be invited for detailed presentations or interviews to further articulate their vision and respond to queries from the committee. Final decisions are based on a comprehensive assessment of the startup's potential for growth, technological differentiation, and alignment with the program's strategic focus areas.
Application Process
- 1
Apply Online
Submit your application form and required documents via the designated online portal.
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How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
See the questions before you start
Download every question this programme's application form asks, so you can prepare your answers offline before opening the portal.
- 3
Line up your documents
Keep every document from the checklist ready in one folder. Missing docs are the #1 reason applications get bounced.
- 4
Submit on the official portal
Use the official application link and verify all details before final submission.
- 5
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Frequently Asked Questions
What kind of funding does this program offer?
The SIDBI Seed Fund Program at IIML EIC provides equity-based funding, meaning the program invests in your startup in exchange for a stake in your company. This is not a grant or a loan, and the funding does not need to be repaid.
What is the maximum funding amount available?
Eligible DeepTech startups can receive an investment of up to ₹50 lakhs through this program. The exact amount will depend on the startup's potential, stage, and specific funding requirements assessed during the selection process.
Which industries or sectors are preferred?
The program specifically targets DeepTech startups, with a strong focus on Artificial Intelligence (AI), Robotics, Internet of Things (IoT), Blockchain, Advanced Manufacturing, and other emerging technologies that demonstrate significant innovation.
Is DPIIT registration mandatory?
Yes, your startup must be officially recognized and registered with DPIIT under the Startup India initiative.
Is incubation with IIML EIC mandatory?
Startups must either already be incubated at IIML EIC or be willing to join the IIML EIC incubation program as part of the application and funding process. This ensures access to the full suite of support services.
What non-financial support is provided?
Beyond funding, the program offers expert mentorship, networking opportunities, strategic guidance, a curated startup toolkit, help desk support for legal, IPR, and financial matters, and access to advanced lab infrastructure including supercomputers, IoT labs, and 3D printing facilities.
Sources
Data on this page is compiled from official program and provider references.
News
- India's SIDBI-iDEX fund to back defence startups with up to ₹1.5 Croreapp.dealroom.co · 2 months ago
Source: Google News aggregated
