SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only)
Under SIDBI Seed Fund by SINE, IIT Bombay
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Quick Answer
Equity/CCPS seed funding (₹25L–₹1Cr) for startups incubated at SINE IIT Bombay to scale up, funded directly by SIDBI.
- Funding amount
- ₹25L – ₹1Cr
- 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 Seed Fund Programme at SINE provides funding support to startups incubated at SINE, IIT Bombay, for scaling up their business activities. SIDBI provides the funding directly to the startup, with SINE as the implementing partner.
Funding support: ₹25 lakh to ₹1 crore. Instrument: Equity / equity-like investment (CCPS). 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
- ₹25L – ₹1Cr
What You Get
Equity / equity-like (CCPS) seed funding of ₹25 lakh to ₹1 crore for startups incubated at SINE, IIT Bombay, to scale up their business activities. SIDBI provides the funding directly to the startup with SINE as implementing partner. Post-investment SIDBI shareholding generally does not exceed 10%.
Timelines & Process
Selection Process
Open only to companies incubated at SINE. Applications are assessed against the common SIDBI requirements (DPIIT recognition, Angel Tax exemption, 51% Indian promoter holding, non-financial sector). The investment is structured as equity/equity-like (CCPS) with SINE as implementing partner.
Application Process
- 1
Submit application
SINE incubatee startups apply with company docs, DPIIT certificate, PAN, GST and founder KYC.
You - 2
- 3
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
Who can apply?
Only startups incubated at SINE, IIT Bombay, that are DPIIT-recognised with Angel Tax exemption (if applicable) and have at least 51% Indian promoter shareholding.
How much funding is available?
₹25 lakh to ₹1 crore, as equity / equity-like investment (CCPS).
How much equity does SIDBI take?
Post-investment SIDBI shareholding in any single company generally does not exceed 10%.
Are financial-sector startups eligible?
No. No investment is made in entities in the financial sector or financial-sector infrastructure under this programme.
Sources
Data on this page is compiled from official program and provider references.
