Start-up India Seed Fund Scheme (SISFS)

About

The Start-up India Seed Fund Scheme, initiated by the Indian government, offers funding support of up to ₹500,000 to DPIIT-recognized startups established for no more than two years, aiming to assist early-stage projects in validating concepts, developing prototypes, and commercializing products, with a focus on technology-driven solutions across various sectors, particularly those with social impact.

Benefits

• Up to ₹500,000 funding available
• ₹200,000 for project concept validation, prototype development, and product testing
• Up to ₹500,000 for market entry, product commercialization, or scaling, potentially through convertible bonds or debt
• Access to professional incubator support and resources
• Increased market credibility through government project recognition

Eligibility Criteria

• Startups must be recognized by DPIIT
• Must be established for no more than two years
• Must have a commercially viable product or service with market adaptability
• Must be technology-driven and solve specific problems
• Priority given to innovations in social impact, waste management, food processing, water resource management, biotechnology, financial inclusion, education, healthcare, energy, agriculture, defense, space, mobility, railways, oil and gas, textiles
• Founders must hold over 51% equity
• Cannot have received more than ₹100,000 in other government support (non-monetary support like awards or subsidies do not count)