Overview
Secure up to ₹20 lakh in grants or ₹50 lakh in loans to power your startup journey.
Key points
- Company Age: The startup should not be more than 2 years old at the time of application.
- Not Funded Previously: The startup must not have received funding more than ₹10 lakh under any central/state government scheme.
- Shareholding: At least 51% of the startup must be held by Indian promoters, as per Companies Act.
- Utilization Purpose: The fund must be used for: 1. Prototype development 2. Product trials 3. Market entry 4. Commercialization
Benefits of this program
- Financial Assistance: Grants of up to ₹20 lakhs for proof of concept, prototype development, and product trials. Investments of up to ₹50 lakhs for market entry, commercialization, or scaling through convertible debentures, debt, or debt linked instruments.
- Validation and Refinement: Enables startups to validate concepts, refine prototypes, and conduct product trials, ensuring market readiness before seeking larger investments.
- Milestone Based Disbursements: Funding is provided in structured installments tied to specific milestones, ensuring startups remain focused and progress as planned.
- Favorable Investment Terms: interest rate capped at the prevailing repo rate, tenure up to 60 months with a possible moratorium of up to 12 months, and unsecured investments with no collateral or guarantees required.
- Incubation Support: startups gain access to a network of incubators offering infrastructure (physical working space and facilities), mentorship (expert guidance on business development, marketing and fundraising), networking (opportunities to connect with investors, customers and industry leaders) and resources (access to service providers and discounted professional services).
- Enhanced Visibility and Credibility: Selection under SISFS boosts a startup's reputation, helps startup to attract further investments, partnerships, and talent.
Eligibility Criteria for Seed Fund Application (SISFS)
Company Age: The startup should not be more than 2 years old at the time of application.
Business Nature: The startup must be developing a product/service that is: 1. Innovative or disruptive 2. Technology driven 3. Solving a real world problem
Prototype Stage: The startup should have a minimum viable product (MVP) or prototype ready. Proof of concept (PoC), validation, or early traction helps.
Not Funded Previously: The startup must not have received funding more than ₹10 lakh under any central/state government scheme.
Shareholding: At least 51% of the startup must be held by Indian promoters, as per Companies Act.
Utilization Purpose: The fund must be used for: 1. Prototype development 2. Product trials 3. Market entry 4. Commercialization
- Company Age: The startup should not be more than 2 years old at the time of application.
- Business Nature: The startup must be developing a product/service that is: 1. Innovative or disruptive 2. Technology driven 3. Solving a real world problem
- Prototype Stage: The startup should have a minimum viable product (MVP) or prototype ready. Proof of concept (PoC), validation, or early traction helps.
- Not Funded Previously: The startup must not have received funding more than ₹10 lakh under any central/state government scheme.
- Shareholding: At least 51% of the startup must be held by Indian promoters, as per Companies Act.
- Utilization Purpose: The fund must be used for: 1. Prototype development 2. Product trials 3. Market entry 4. Commercialization
How StartupSavera handles it
Handled by us
Scoping, document checklist, application drafting, filing and status updates.
End to end
One accountable point of contact, from the first call to the final certificate.
Owned by you
Every login, registration and account is created in your name.
FAQs
How do I get started with Startup India Seed Fund?
Share your details through the form or WhatsApp. We'll send a document checklist and a clear scope and quote after a quick call, no guesswork.
Will I own all the accounts and registrations?
Yes. Every login, registration and account is created in your name and handed to you, with a clear scope and no surprises.
Who handles the startup india seed fund process?
We do, StartupSavera handles startup india seed fund end to end, from documents to filing, and keeps you to one accountable point of contact the whole way.