SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay
Under SIDBI-iDEX Seed Fund by SINE, IIT Bombay
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Quick Answer
Equity seed funding (₹10L–₹1.5Cr) for iDEX challenge-winner MSMEs/startups in defence and related sectors, implemented by SINE IIT Bombay.
- Funding amount
- ₹10L – ₹1.5Cr
- Funding type
- Equity
- Provider
- SINE, IIT Bombay
- Application deadline
- Closed
- Location
- Open to startups registered in India
- Registrations needed
- DPIIT recognition, Private Limited company registration
Results & next round
Applications for this round closed on 25 June 2026. The organiser has not published a selection list that we can verify yet.
Selections for this programme are announced by SINE, IIT Bombay. 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-iDEX Seed Fund Programme at SINE provides seed funding to innovation-led MSMEs and startups in defence and related sectors that have been selected and supported by iDEX challenges. The aim is to promote import substitution, domestic defence manufacturing and exports, and to enable scale-up of early-stage defence startups.
Funding support: ₹10 lakh to ₹1.5 crore per MSME/startup. Instrument: Equity / equity-like investment. Post-investment SIDBI shareholding generally does not exceed 10%.
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
The Society for Innovation and Entrepreneurship (SINE) is the technology business incubator at IIT Bombay, based on the fifth floor of the RBTIC Building on the Powai campus in Mumbai. Formed as a society in 2004, it is recognised by the Department of Science and Technology as a…
Learn moreBenefits & Funding
- Amount
- ₹10L – ₹1.5Cr
What You Get
Equity / equity-like seed funding of ₹10 lakh to ₹1.5 crore for iDEX challenge-winner MSMEs and startups in defence and related sectors, with SIDBI providing the funds and SINE acting as implementing partner. The programme supports import substitution, domestic defence manufacturing and exports, and the scale-up of early-stage defence startups. Post-investment SIDBI shareholding generally does not exceed 10%.
Timelines & Process
Selection Process
SINE verifies iDEX challenge-winner status with iDEX-DIO. Eligible applications are evaluated for the seed-fund investment, which is made as equity/equity-like instruments with SINE acting as implementing partner on behalf of SIDBI.
Application Process
- 1
Submit application
Apply with company documents, DPIIT/MSME certificates and iDEX challenge-winner details.
You - 2
- 3
- 4
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
How much funding is available?
₹10 lakh to ₹1.5 crore per MSME/startup, as equity or equity-like investment.
Who is eligible?
Indian private limited companies incorporated at least one year prior, that are verified iDEX challenge winners and DPIIT-recognised with Angel Tax exemption (if applicable). Both incubatee and non-incubatee MSMEs/startups referred by iDEX can apply.
How much equity does SIDBI take?
Post-investment SIDBI shareholding in any single company generally does not exceed 10%.
Which sectors are covered?
Defence and related sectors, with a focus on import substitution, domestic defence manufacturing and exports.
Sources
Data on this page is compiled from official program and provider references.
