Startup India Seed Fund Scheme

The SISFS fund at Venture Lab is aimed at supporting startups to improve their MVP and commercialize their product.

SISFS Overview

Startup India Seed Fund Scheme promoted by DPIIT aims to provide Financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

Who can apply?

Startups with market validated, innovative, business ideas, that are in the process of developing an MVP or improving the MVP.

Eligibility Criteria

  • A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
  • Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme.
  • Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
  • A startup applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

Program Offerings

While there is no limit to the facilities that entrepreneurs can avail at Venture Lab, here is the highlight.

One-to-One Mentorship

Industry Connects

Global Networking Opportunities

Access to Investors

INR 20 Lakhs - 50 Lakhs Fund

Focus Areas

Green Technology

Education

Agriculture

Clean Energy

Financial Inclusion - Digital Payments

Infrastructure & Transportation

Environment & Clean Tech

Application Process

SISFS Program

Startup India Seed Fund Scheme