CIIC

SISFS

Startup India Seed Fund Scheme

The Startup India Seed Fund Scheme aims to provide early-stage startups with financial support for critical activities like proof of concept, prototype development, product trials, market entry, and commercialization. This initiative is designed to empower startups and help them transform innovative ideas into successful businesses.

Key Highlights of SISFS

  • Objective: To support startups in overcoming financial barriers during the initial stages of their journey and help them become investor-ready
  • Focus Areas: SISFS prioritizes startups working on innovative solutions with significant potential for market commercialization and societal impact, especially from Tier 2 and Tier 3 cities.

 

Funding Details
Startups can avail funding under two key components
1. Grant for Proof of Concept and Prototype Development: Up to ₹20 lakh to validate ideas, develop prototypes, or conduct product trials.
2.Investment for Market Entry and Commercialization: Up to ₹50 lakh in the form of convertible debentures or debt-linked instruments to support scaling and commercialization efforts.
To qualify for SISFS, Startups must meet the following criteria
• Be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
• Be incorporated within the last two years at the time of application.
• Must not have received more than ₹10 lakh in funding under any other central or state government scheme.
• Should utilize technology in their core product, service, business model, or delivery model to solve specific challenges.

CIIC supports a new generation of startups across India under the SISFS initiative

Benefited Startups

SISFS Guidelines link​

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Contact with us

If you are a startup looking to benefit from SISFS or need guidance on the application process, feel free to reach out to us. Together, we can pave the way for a brighter and more innovative future.

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